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Celoxica Launches Feed Handlers For Two European Cash Markets

Expanding its hardware-accelerated feed handlers, Celoxica will support NYSE Euronext and Xetra cash equity markets, and plans to support the Chi-X user migration to the BATS Europe tech platform.

Celoxica said it extended its hardware accelerated, low-latency market data feed handlers to the NYSE Euronext cash equity and Xetra exchanges, according to today’s release.

The company, based in London and New York, also announced its readiness to support the Chi-X user migration to the BATS Europe technology platform, but did not stipulate a time frame.

The new feed handlers provide normalized market data with full recovery and are engineered to optimize inbound market data, the company said. Celoxica also pointed out that it offers single digit microsecond connectivity to the NYSE Euronext cash equity and Xetra ecxhanges as well.

Xetra is the electronic securities trading system created for the Frankfurt Stock Exchange, operated by Deutsche Boerse, but it has been expanded for use by other stock exchanges throughout Europe.

Commenting on the news, Jean-Marc Bouhelier, Celoxica’s executive chairman, said: “Celoxica remains at the forefront of providing the lowest latency direct-market access not only for traders to whom deterministic performance is critical but also where savings in co-location or data centre foot print is important. In effect, with one Celoxica card in the server where the trading application is running, we can support all the feeds from the main European markets, reducing network hops and appliance or legacy infrastructure.”

As with all Celoxica’s feed handlers, the company said, Xetra and NYSE Euronext Cash utilize a simple generic API (application programming interface) with normalized structures across all markets ensuring ease of integration, whatever the asset class connectivity is required, from equity cash, derivatives including Liffe Eurex and CME, or one of the main FX markets. Celoxica

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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