Devexperts GmbH, a developer of software solutions and services for the global capital markets industry, has inked a strategic agreement with US and European markets operator Bats, helping provide its API based, on-demand real time and historical data service, per a Devexperts statement.
Devexperts caters to a wide range of clients, including retail and institutional brokerage houses, exchanges and buy-side firms, among others. With the collaboration, Devexperts will assimilate Bats BZX Top into its dxFeeds global on demand API – presently the utility provides a US real time and historical data service for international markets.
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The decision to bolster its API with Bats’ solution is important as it helps support lower cost data solutions to an increasing spectrum of international retail and institutional investors interested in pricing and trading information on US equities.
In addition, the new deal will enable Devexperts clients to get more accurate data, ideas, and real-time stock notifications, which can be made available via algo devices, trading platforms, web based applications, software apps, or mobile devices. International clients will also be able to benefit from the US market’s best relation between price, quality and market coverage.
According to Oleg Solodukhin, CEO of Devexperts Data Division, in a recent statement on the accord: “We are delighted to work with Bats to deliver our clients in Europe, Asia, Africa and Latin America a high quality market data feed for US stocks at an unbeatable cost.”
“We believe this service will be a game changer to serve small tech companies, start-ups, quants, professional investors, hedge funds and small brokerage companies with a very effective on-demand service that can deliver good market coverage with a superior technical solution with no need for client side infrastructure,” Solodukhin added.