Source: Object Trading
Object Trading, an independent provider of global Direct Market Access (DMA), has selected MarketPrizm, a leading provider of market data and trading infrastructure services, to offer Object Trading's managed FrontRunner® DMA on MarketPrizm's integrated, data enabled platform for buy-side and sell-side firms.
Market participants typically contract for, integrate, and manage software, market data and hardware from separate vendors to achieve an end-to-end market access solution. Now, participants can accelerate time-to-market and reduce the ongoing resource constraints of market access complexity. The integrated solution provides participants with managed network and colocation services, optional hardware provision, and a single gateway for market data and order execution with in-line pre-trade risk constraints on more than 60 equity, derivatives and FX markets globally.
The managed solution provides customers with a choice of deployment models to suit user needs across all major locations in Europe and Asia Pacific. And by decoupling order generation from the integrated, underlying market access infrastructure, the joint solution also provides Direct Market Access for all trading desks and systems, enabling firms to build scalable trading solutions and focus on innovation. The single infrastructure removes the limitations to growth as markets multiply and expand in complexity, allowing firms to access new opportunities with minimal investment.
"A data enabled, managed solution will provide a considerable advantage to financial services firms by helping them avoid significant, up-front investments," said Jay Hibbin, Commercial Director at MarketPrizm. "By combining MarketPrizm's market data and managed infrastructure across Europe and Asia with Object Trading's market access technology and expertise, we make it easier and faster for firms to trade in the markets. This step is in-line with our strategic plan to provide end users with a capability rich ecosystem. We do that by teaming up with parties like Object Trading, who provide clients with fully serviced, on-demand access to markets."
"We have seen sharply increased demand for managing the critical functions that firms had typically controlled in-house to maintain competitive advantage," said Gerry Turner, EExecutive Director at Object Trading. "Today more than half of the top-tier banks globally use FrontRunner®, which supports more than USD$100 billion in notional value traded on a daily basis. Together with infrastructure partners like MarketPrizm, we provide a fully managed platform that allows firms to maintain control while gaining competitive advantage, improving profitability and enhancing client experience, and with minimal investment in market data and trading infrastructure integration and management."