Dutch online broker Alex expands Tenfore market data contract

Tenfore is now Alex's sole provider of equities, futures and derivatives data for all key European and US markets. In addition to supplying Alex with content sets from its existing portfolio, Tenfore is adding Bourse de Luxembourg and Wiener Börse onto its general data feed as part of this contract.

René Frijters, managing director, Alex, says: "By consolidating our market data requirements, we can maximise our budget and ensure we receive a consistent service. We chose to extend our partnership with Tenfore because it has proven to be a provider of fast and resilient data feeds and we have benefited considerably from the company's flexible attitude and its understanding of our business. We were particularly impressed by Tenfore's willingness to source the Luxemburg and Austria data specifically for us."

Through a deal that began in 2000, Alex collects the data feeds via satellite and uses Tenfore's Ticker Application Programming Interface (API) to integrate them into its online trading applications, Alex and Alex Pro. The Ticker API provides a high-level easy-to-use development environment for applications that need to access Tenfore's streaming "raw" data feed. Alex combines this with Tenfore's FeedDisseminator for a resilient distribution channel between Alex and Tenfore. The FeedDisseminator provides an automatic fail-over capability by switching to an Internet feed in the case of a disruption to the satellite signal.

Frijters adds: "We have over 80,000 clients who rely on the data we provide for their trading requirements. It is therefore vital that we can integrate data feeds easily and effectively into our own applications and Tenfore's ability to facilitate this was a key factor in our decision to extend the contract."

Tenfore's APIs offer quick and easy integration of its data into third party applications and for the contribution of client data through the Tenfore network. Its APIs have been designed to accommodate differing client requirements and constraints including environment, data usage and development resources.

Gordon Bloor, CEO, Tenfore, says: "Our Ticker API solution is designed for applications that will process sizeable amounts of our data feed. It is ideally placed for Alex, which has large data usage requirements and a rapidly expanding client base. With the addition of further exchanges, we can help Alex to expand and to secure its market position as The Netherlands' leading online broker."