Chi-X Global Technology will employ messaging technology from 29West in the low-latency market data delivery infrastructure of the company's MarketPrizm service.
MarketPrizm provides a comprehensive trading infrastructure solution, powered by an optimised bespoke network linking 19 markets and locations. Designed as a European trading 'ecosystem' for use by banks and investment firms, MarketPrizm provides neutral, high speed access to the region's market centres, low latency market data and a range of third-party applications and services. MarketPrizm was created as a one-stop solution for data, services and connectivity to the European markets, offering trading firms of all sizes a cost-effective, high-performance infrastructure for all types of electronic trading.
29West Messaging, which powers financial applications in over 130 deployments worldwide, is a fast, efficient and lightweight system designed to serve as a messaging fabric for the next generation of high-performance, high-volume applications.