Cboe Global Markets today announced that its EDGX Depth market data product is now available for distribution across dxFeed Bookmap, a financial data visualization and trading platform with heatmap technology.
The agreement will extend the relationship between the two parties and provide investors using the information vendor’s solutions with access to data from top US exchanges.
EDGX serve as a major transaction venue of U.S. cash equities trading and one of the top exchange destination for retail order flow from the largest discount brokerage houses.
Both firms said the partnership is the result of high demand from retail and institutional investors looking to gain deeper insights into the U.S. equities market on a single platform.
VP of market data at Cboe explained that dxFeed Bookmap is a significant distribution channel for EDGX Depth real-time stock quote and trade information. Coupled with dxFeed’s colored heatmap technology, traders will be able to delve deeper into market dynamics to see order book, transaction and price movement, empowering them to make better decisions with new information.
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The combined offering also allows users to detect hidden patterns, understand the situation and liquidity at every price level, arming them with a more robust offering that greatly increases the visibility and adoption of market data.
dxFeed Bookmap has quickly established itself as an innovative data visualization platform that offers an advanced interface to monitor the dynamics of the market depth and the ability to monitor its evolution over time.
Kevin Carrai, Vice President and Global Head of Market Data and Access Services at Cboe, commented: “We’ve worked hard to make Cboe equities data adaptable for every sort of investor, and dxFeed Bookmap is an innovative, and exciting development for those looking to really dig into market dynamics.”
Oleg Solodukhin, CEO of dxFeed, added: “We are excited to connect more detailed data for analysis of market microstructure via dxFeed Bookmap. Accurate full order depth data sources from Cboe will enhance the dxFeed Bookmap application analytics, running with our next generation smart backend technology to provide market insight, pattern recognition, and actionable analysis.”
Tsachi Galanos, CEO of Bookmap, also noted: “EDGX is considered one of the leading US exchanges offering full depth data and we are excited to offer it for the Bookmap trading platform. This valuable depth of market information, earlier used mostly by institutionals, is now available for individual traders. The сombination of Bookmap’s superior market visualization, along with the high quality data of EDGX provided by dxFeed creates a powerful tool for any US equities trader.”