Exegy Confirms Plans to Expand into FX as it Re-Launches MarketDataPeaks
- The firm has revamped its data aggregation site as a result of regulatory pressures
Exegy, a provider of market data, and the Financial Information Forum (FIF), a group that attempts to address implementation problems in the trading industry, announced this Tuesday that it would be re-launching MarketDataPeaks. Founded in 2008, MarketDataPeaks provides real-time visualization of aggregated market data message rates across United States exchanges.
The change to the site was driven by regulatory changes. In its statement, Exegy noted that the European Markets in Financial Instruments Directive II (MiFID II) and Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term SCI in the US, require capacity testing at market data rates higher than current peaks and market participants need these key data points to comply with evolving regulation.
Data Packets and FX
MarketDataPeaks’ new website has now received a revamp to help users comply with these regulations. The firm claims it has boosted the site’s capabilities with updated technology, including timestamping and clock synchronization.
It will also provide users with a broader set of metrics than it did previously. To provide greater network capacity planning, the new website will be providing packet rates as well as message rates.
In addition to updating its technology, Exegy has plans to re-launch other services and expand into new asset classes. The firm will be re-launching MarketDataPeaks services for European, Canadian, and Asia-Pacific clients in the near future. In its statement, the firm also stated that they have plans to add new asset classes, notably global FX, to MarketDataPeaks.
For those following the firm, this shouldn't be too much of a surprise as the company has already made strides into the FX market. This April it rolled out a complete FX data and order Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term service.
Commenting on the update to the service, Kevin McCabe, a Program Associate, said: “MarketDataPeaks.com has proven to be an invaluable service to the financial industry, promoting the design and operation of robust electronic markets. We are delighted that Exegy has reinvested in this service to expand the breadth and quality of real-time operational data to the community.”
Exegy, a provider of market data, and the Financial Information Forum (FIF), a group that attempts to address implementation problems in the trading industry, announced this Tuesday that it would be re-launching MarketDataPeaks. Founded in 2008, MarketDataPeaks provides real-time visualization of aggregated market data message rates across United States exchanges.
The change to the site was driven by regulatory changes. In its statement, Exegy noted that the European Markets in Financial Instruments Directive II (MiFID II) and Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term SCI in the US, require capacity testing at market data rates higher than current peaks and market participants need these key data points to comply with evolving regulation.
Data Packets and FX
MarketDataPeaks’ new website has now received a revamp to help users comply with these regulations. The firm claims it has boosted the site’s capabilities with updated technology, including timestamping and clock synchronization.
It will also provide users with a broader set of metrics than it did previously. To provide greater network capacity planning, the new website will be providing packet rates as well as message rates.
In addition to updating its technology, Exegy has plans to re-launch other services and expand into new asset classes. The firm will be re-launching MarketDataPeaks services for European, Canadian, and Asia-Pacific clients in the near future. In its statement, the firm also stated that they have plans to add new asset classes, notably global FX, to MarketDataPeaks.
For those following the firm, this shouldn't be too much of a surprise as the company has already made strides into the FX market. This April it rolled out a complete FX data and order Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term service.
Commenting on the update to the service, Kevin McCabe, a Program Associate, said: “MarketDataPeaks.com has proven to be an invaluable service to the financial industry, promoting the design and operation of robust electronic markets. We are delighted that Exegy has reinvested in this service to expand the breadth and quality of real-time operational data to the community.”