News Feed Item

Object Trading selects MarketPrizm to offer managed Direct Market Access

The combined service provides vended market data, order execution, pre-trade risk constraints and managed infrastructure globally

London, Mar 14, 2014 - (ACN Newswire) - 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(R) 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, Executive Director at Object Trading. "Today more than half of the top-tier banks globally use FrontRunner(R), 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."

About MarketPrizm

MarketPrizm brings together a compelling combination of industry, trading and technology expertise. MarketPrizm is dedicated to helping financial services firms better manage their infrastructure, trading and technology requirements. MarketPrizm offers a range of services which include raw and normalized market data delivered to clients on PrizmNet, the ultra fast and dedicated multi-venue connectivity infrastructure for the financial trading industry. Founded in 2009 by Instinet Holdings LLC, MarketPrizm was acquired by Colt Group S.A. in May 2011. For more information, please visit www.marketprizm.com

About Object Trading

Object Trading delivers sell- and buy- side firms and technology providers a single gateway for connecting to global trading venues. Within its FrontRunner suite of products, the company offers direct market access (DMA) - market data, order execution and pre-trade risk constraints - through an independent and trusted infrastructure. The company's FrontRunner suite allows users to create a bespoke trading solution around their market access with comprehensive, inline risk constraints. Object Trading is connected to more than 60 global equity, derivative and FX exchanges for both market data and order routing, with offices in London, New York, Chicago and Sydney. For more information, please visit: www.objecttrading.com.

For further information contact:
Helen Toft
+44 (0)7855301078
[email protected]

Henry Chow
Instinctif Partners
+852 3791 2289
[email protected]

For Object Trading:
Emily Pan
Articulate Communications
+1 (212) 255-0080 x 17
[email protected]

Source: MarketPrizm

Copyright 2014 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, will discuss the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docke...
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
SYS-CON Events announced today that Coalfire will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Coalfire is the trusted leader in cybersecurity risk management and compliance services. Coalfire integrates advisory and technical assessments and recommendations to the corporate directors, executives, boards, and IT organizations for global brands and organizations in the technology, cloud, health...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, will contrast how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He will show the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He will also have live demos of building immutable pipe...
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, you'll learn about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how Docke...
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
SYS-CON Events announced today that MathFreeOn will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.