In a move that looks to foster the interconnectedness of brokers and exchanges, market data technology provider SpryWare has announced its partnership with LiquidityBook, the New York-based trading platform provider that specializes in messaging and trading services, according to a Spryware company statement.
The partnership is designed to help link brokers and exchanges, collectively improving upon efficiency and trading strategies – ultimately the move heralds a low-cost initiative that is aimed at reducing costs for all operating parties.
Market Needs at Real-time Speed
Is the Market Entering a Commodities Supercycle?Go to article >>
SpryWare’s technology brings an element of efficiency, given its focus on the low-latency dissemination of real-time market needs. This gives traders the most extensive and time-sensitive connections using LiquidityBook trading platforms. Alternatively, the symbiotic relationship the two firms now share will allow clients access to broad-based market data into an expansive range of financial offerings that includes equity options, futures and foreign exchange.
According to Daniel May, Co-founder of SpryWare, “The LiquidityBook trading platform allows us to give users a differentiating way to execute on trades, with all the benefits of an end-to-end trading solution. The instant messaging platform is a particularly unique, light and easy option for traders. Paired with our global low latency feed handlers, clients now have a very effective means of competing in the market place, especially as the cost of implementing trading platforms internally are becoming more and more cost prohibitive.”
SpryWare Partnership the Missing Link for LiquidityBook
Indeed, the optimism appears to be mutual and is reflective of a continuation of SpryWare’s ambitions to diversify its solutions suite. “Partnering with SpryWare gives us the final piece in our solution. With similar organizational cultures that are committed to giving traders higher value solutions that cost less to implement, support and maintain, the partnership is a natural step for us to provide a combined, end-to-end trading solution that levels the competetive playing field in a very unique and cost effective way,” added Rick Goldenberg, Co-founder of LiquidityBook in an accompanying statement.