ACTIV Financial, a market data provider, will have exchange data from 10 new markets across Asia by the end of the year, providing access to information for investors looking to trade globally.
"We"ll be sending our data into the cities in Mumbai and sell that to consumers looking for global or regional data and we'll also process the Indian markets, sell them locally and sell them in our consolidated feeds out of region," says Frank Piasecki, president of ACTIV.
Coverage includes Bursa Malaysia, Indonesia Stock Exchange, Philippine Stock Exchange, Stock Exchange of Thailand, and Thailand Futures Exchange. Extended coverage will be added to Shanghai Stock Exchange, National Stock Exchange of India, Bombay Exchange and Taiwan Futures Exchange.
"The Asian data is critical to ACTIV because our customers around the world need complete exchange coverage," adds Piasecki. "Expanding to these markets means we almost have a complete footprint coverage in Asia."
ACTIV now spans over 200 equity and derivatives exchanges worldwide. Zarna Patel is a staff writer for InformationWeek's Financial Services brands, which include Bank Systems & Technology, Insurance & Technology and Wall Street & Technology. She received her B.A. in English and journalism from Rutgers University College of Arts and Sciences in ... View Full Bio