Skyler Technology, a provider of ultra-low latency market data solutions, has launched Market Data Management - a new solution that aims to simplify the management of multiple market data sources within the enterprise market data infrastructure.
The solution is targeted particularly at the growing number of financial organizations that rely on more than one source of data for the pricing of the instruments that they trade.
The new product will help organizations to manage all the different instrument symbols used by each trading venue or vendor feed, removing an ongoing problem for their trading applications, and significantly improving overall data quality, efficiency and resilience, according to Skyler.
As such, Market Data Management will enable multiple disparate data feeds to be configured as possible sources of price data for any instrument.
The system allows administrators to allocate priorities to each available feed, ensuring that the best data sources are used first, and subsequent feeds are used in the event of any failure.
Using this type of service, direct Exchange feeds can be efficiently integrated within a market data system, and used seamlessly alongside consolidated feeds from market data vendors, the vendor said in a release.
Skyler's new solution also enables the creation of 'Super Records' of instrument data that facilitates the creation of consolidated feeds for all relevant data.
These can include news flags, settlement codes, benchmark open and closing prices for Mark-to-Market as well as other added value data not found on direct exchange feeds but commonly provided on vendor feeds.
The vendor suggests they simplify coding tasks, leaving client applications free to focus on generating trading decisions, and lower the processing and operational resources required.
The new solution combines with a new messaging infrastructure that allows the Skyler solution to be simply integrated with existing market data systems.
"With Skyler Market Data Management we're solving a number of key issues for the growing number of financial organizations that use multiple market data feeds, in particular where they have to make a specific decision on which vendor - or feed - to use as the source for their trading applications," Mark Ford, Skyler Technology's COO, commented in the release.
"Our new solution allows a seamless abstraction of the underlying feeds, allowing us to provide a single subscription to instruments, whatever the source - helping our customers to optimize the investments they've made in market data and their broader infrastructure," he added.
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio