The soon-to-be-launched Aequitas Neo exchange just locked in a new piece of hardware to help its traders get their market data and execute trades faster and more effieiently.
The Neo Exchange plans to launch its trading platform on March 27, trading TSX and TSXV listings. Its listing platform will launch in the second quarter of 2015, when capital-raising companies will be able to obtain approval and go public on the NEO Exchange.
The Neo feed handler, dubbed “NITCH,” which will provide traders order visibility into its Lit Book and market by price visibility into its unique NEO BookTM. The NITCH feed will also deliver trade reports from its crossing facility and dark book when it launches in 2016.
“Our clients will benefit from the ability to dynamically include or omit pricing from the Aequitas Lit Book and NEO BookTM in their user-defined BBO and user-defined composite book views,” said David Taylor, Exegy’s chief technology officer. “The availability of NEO market data preserves the ability to utilize these user-defined composite pricing views for regulatory compliance and equips our clients to achieve best execution.”
The user-defined composite features provided by Exegy hardware-accelerated appliances enables clients trading Canadian equities to optionally include one or more Aequitas venues in consolidated views of real-time pricing across Canadian markets.
In addition to real-time distribution via UDP multicast, the NITCH feed includes two TCP-based channels for the replay of recent data gaps and the recovery of current book state.
Exegy provides the NEO Exchange NITCH feed handler at no additional charge to all customers consuming North American equities and commodities data feeds as part of its Managed Services program.
