B2N launches market data to FIX conversion tech
B2N, the technology company, today announced their new solution – MD2FIX. This module reverse engineers ordinary order book representation e.g. MarketFeed style, to FIX protocol deltas.
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This enables existing and new B2N customers to consume data from the B2N platform using FIX adapters. This new functionality greatly simplifies trading system feeds of financial data from well-known aggregators, including Thomson Reuters, Bloombergand IDC.
“The issue that most trading systems are facing lately is that they are designed to work with direct market access - which in most cases means that the data is expected to be in FIX format” - commented Vasko Tomanov, Technology Fellow at B2N - “This imposes limitations on the trading system which emerges when a client requests an implementation with regular market data feed. B2N’s new module seamlessly solves this problem.”
Using this new addition from B2N, financial organizations can now convert a regular market data feed to FIX format feed.
Data delivered includes BBO/L1 and Order Book/L2 in Flat (MarketFeed,) Aggregated by Price or Full Order Book format.
Feed aggregation, consolidation, filtering, remapping, blending and CEP functionality together with data permissioning and usage reporting are also built-in to the solution.