ACTIV Financial, a provider of low-latency market data, and Marketcetera, a developer of open source platforms for automated trading systems, has the availability of ACTIV's real-time equity data on the Marketcetera automated trading platform. Hedge funds and other buyside firms can have direct access to ACTIV's high-performance, ultra-low-latency data feeds - in addition to other features including event processing and trading strategy development tools - on an open source platform.
The joint solution, developed in response to customer demand, enables hedge funds and proprietary trading firms to access ACTIV's ultra-low-latency data feeds and integrate them with the Marketcetera platform. The platform includes a visual order-entry application that can be set up to receive and display ActivFeed, ACTIV's fully managed direct-feed global data feed solution, which provides real-time streaming exchange prices and supporting data. Components of the Marketcetera platform include Photon, Marketcetera ORS, an order routing system, certified brokerage connectors and the ACTIV Market Data Adapter. "Marketcetera is focused on building the key trading functions that are common to all financial organizations, thus freeing our clients to concentrate on proprietary trading algorithms and other specialized software that provides competitive advantage," said Graham Miller, CEO, Marketcetera, in a press release. "By giving our customers a seamlessly integrated real-time equity data feed on an open source trading platform, traders can worry about generating Alpha not dealing with technology headaches," he added.