IEX to use Redline ticker plant for market data distribution

Redline Trading Solutions today announced that IEX, the first alternative trading system (ATS) owned by buy-side investors, is using Redline's ultra-low latency InRush(TM) 3 Accelerated Ticker Plant on its new trading venue for reliable, timely and accurate market data.

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"We are committed to operating a fair and balanced market aligned around the interests of the investor. Price protection not only helps us establish a level playing field but also helps deliver higher-quality executions for our participants," said Rob Park, Chief Technology Officer of IEX Group. "We are pleased to partner with Redline Trading for a mission-critical component of our trading venue."

IEX opened their new dark pool for business on October 25th, 2013 with a commitment to fairness and simplicity. A critical success factor in meeting these objectives is to be able to calculate the most accurate National Best Bid and Offer (NBBO) pricing from direct feeds using Redline's ultra-low latency ticker plant. InRush 3 accelerates market data and delivers it in a rock-solid manner for IEX with multiple levels of redundancy and with deterministic performance even during bursts in message rates.

"It has been a pleasure to work with the talented team at IEX in the rollout of their innovative trading platform," said Mark Skalabrin, CEO of Redline Trading Solutions. "The deployment of Redline's technology at a trading venue carefully designed to provide price protection and execution quality demonstrates the importance of timely and accurate market data to a wide range of market participants."

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