Nexa technologies Launches Spinnaker

Tuesday 15 February 2005 11:25 CET | News

Nexa Technologies, Inc., a specialist provider of online and direct access trading solutions, has extended its offering to the hedge fund and quantitative trading community with the launch of Spinnaker, its ‘one-stop-shop,’ black box service.

Spinnaker integrates low-latency live and historical market data, a comprehensive execution gateway and OmniPro, Nexa’s Direct Market Access trading solution for the proprietary trading market. The product is a comprehensive black-box solution, allowing traders to react to new market opportunities and execute trades at unrivaled speed. Nexa’s flexible design approach allows customers to pick and choose the functionality they require to meet their specific needs. Spinnaker capitalizes on the strengths of Nexa to meet the technical demands of today’s nimble hedge funds and quantitative traders. The solution is comprised of: • TickStream – A low-latency live market data product, covering global equities, options and futures data. TickStream scales seamlessly as the volume of market data available continues to increase. • TickData – research quality, historical, intraday market data that allows customers to back-test data and amend trading strategies accordingly. • FastPath – A comprehensive exchange gateway, capitalizing on the Financial Information eXchange (FIX) protocol to provide instant connectivity to global markets, exchanges and market makers. FastPath averages 12 milliseconds to process an order, perform risk checks, and reach the market. Proprietary technology minimizes latency and provides a means for clients to automatically choose exchanges and markets that have less delay. • OmniPro – A sophisticated online and Direct Market Access (DMA) trading solution for the proprietary trading market. OmniPro adds an extra level to the execution process, through its model monitoring and risk management functionality. • Hosting and facilities management – Enables customers to co-locate their automated trading systems at Nexa’s data centres in London, New York, or Texas. This makes possible the time-savings of a local data center, without the cost and burden of having to host the technology themselves.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce