Cboe Extends Distribution of Market Data Feed to dxFeed Bookmap

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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term 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.

The combined offering also allows users to detect hidden patterns, understand the ‎situation and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term 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.”‎