Tenfore Systems Ltd., the provider of real-time global market data feeds and applications, and Blue System Inc. (BSI), a London-based provider of direct market access trading, charting and analytics systems, today announced that BSI has gone live with Tenfore's wholesale data service.
This enables BSI to deliver equities, futures and options, and FX prices to its clients via its newly launched BLUE analytics application. BSI, which has seven offices across EMEA, has also outsourced the hosting of the data to Tenfore, along with the management of exchange compliance issues.
Tenfore provides BSI with real-time and historic end-of-day prices from multiple equities and futures exchanges, and more than 20 FX and treasury contributors, plus newswires from four of the leading news vendors. Tenfore's Publish & Subscribe Application Programming Interface (PubSub API) allows BSI clients to receive streaming data from Tenfore's Frankfurt data centre via any TCP/IP network, such as the internet, LAN or WAN, VPN or via dedicated leased line.
Sulim Malook, CEO, BSI, says: "We selected Tenfore because of its clean, low-latency content, which is easily integrated into our applications, and its flexible approach. Specifically, it was willing to source data from additional exchanges, such as MEFF and SIMEX, at our request. Also, by carrying out the exchange-related administration, reporting and compliance tasks, Tenfore is helping to reduce our costs associated with the management of market data."
The PubSub API enables third-party applications to request and receive information from the Tenfore data feed based on a selected universe of symbols. Tenfore's APIs offer quick and easy integration of Tenfore's data into third party applications and for the contribution of client data through the Tenfore network. The company has designed its APIs to accommodate differing client requirements and constraints including environment, data usage and development resources.
Gordon Bloor, CEO, Tenfore, says: "BSI is joining our growing list of over 40 wholesale and redistribution clients, which include Thomson Financial, SunGard and GFI. By customising our technology to BSI's requirements, we aim to maximise the effectiveness of its market data budget and ensure the success of its BLUE analytics offering."
BSI and Tenfore intend to extend the partnership with the launch of BLUE mobile this summer. Tenfore will provide real-time prices and news for the product, which enables BSI clients to access streaming quotes, news and charts via smart phones and PDAs.