Exponential-e, the City of London based Next Generation Network solutions provider and Quote MTF, the new, pan-European, Multi-lateral Trading Facility (MTF) have integrated Quote MTF's real-time financial market data feeds from 14 European markets into a new, low-cost, hosted solution for high-speed and efficient securities trading. Quote MTF's feeds will be available as part of Exponential-e's Liquidity in a Pipe solution - a service which combines multiple financial feeds with sub-millisecond connectivity direct to the matching engines of a host of financial data providers.
Quote MTF launched just this month as a "no frills" trading venue charged with making the process of securities trading as simple and as efficient as possible. The MTF is a member of the Uniform Symbology Group and is helping to create a common securities symbology to uniformly identify securities traded across Europe. Under the terms of the deal, Exponential-e will provide sub-millisecond connectivity to Quote MTF's matching engine giving subscribers real-time access to tradable securities from 14 European markets.
Lee Wade, Managing Director, Exponential-e said "Liquidity fragmentation is commonplace and increasing adoption of high frequency/algorithmic trading has determined the need to trade and execute efficiently across borders, asset classes and venue type". He went on to say: "During 2008, Exponential-e made extensive network investments to optimise our infrastructure for financial trading. Our 28 City of London points of presence, 21 data centres within the M25 ensure we can provide a micro-second on-ramp for connectivity to multi-various trading venues, ECNs and MTFs. By extending our connectivity to Quote MTF we can provide fast turn-up at extremely low cost".
Exponential-e's "one pipe" market feeds solution is one light-speed Ethernet connection preloaded with a choice of financial data feeds from over 120 providers including new breed venues such as Chi-X; BATs Trading: NASDAQ OMX; Turquoise and now Quote MTF. Data feeds can be mixed and matched using simple keystrokes within our liquidity pipe at extremely low cost. This converged solution specifically optimised for electronic financial trading overcomes the significant shortcomings of traditional leased line infrastructures being exposed by MiFID and the resulting increasingly fragmented liquidity markets.
Tamas Madlena, CEO, Quote MTF said "Quote MTF's mission is to bring new efficiency to the securities trading markets. Our London-based proprietary matching engine, low-c--cost Hungarian operations and lean organisation means we can provide a streamlined service to professional securities traders. Exponential-e's advanced Next Generation Network in the City of London is the ideal infrastructure to deliver our portfolio feeds. Their NGN provides huge flexibility via the ability to mix and match data feeds using keystrokes at extremely low-cost".