Market data provider dxFeed today launched the fifth generation of its cloud market data platform, which provides buy-side and sell-side institutions with access to real-time price information.
The upgraded platform caters to business needs of brokers, banks, institutional and algorithmic trading clients. Specifically, it unifies access to market data feeds from a variety of global exchanges and delivers streaming, tick-by-tick data in a consolidated format, accessible via APIs with low latency.
dxFeed data bundles, which include depth of market data along with bid/ask and traded volume information, now incorporates solutions for the storage and retrieval of historical data. Its interface offers insights into the behavior of other market participants, which influence the price movement, and allows users to analyze the historical order book evolution, track DOM liquidity, and HFT algorithms.
The new additions also include tick-level market replay technology, providing a trading strategy back-testing facility for companies trying to enter new markets.
“While many firms only now recognized the power of the cloud in the post-COVID-19 world, dxFeed has been doing this since 2009, when we first rolled out our historical data storage and replay service on Amazon Web Services (AWS),” said Oleg Soldukhin, CEO of dxFeed.
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dxFeed is specializing in providing data on equity options, equities, futures, indices, mutual funds, and FX from multiple exchanges worldwide. The company is a daughter company of trading technology provider Devexperts.
It has recently announced a partnership with Cboe Global Markets to make its EDGX Depth market data product is now available for distribution across dxFeed Bookmap, a financial data visualization and trading platform with heatmap technology.
Both firms said the partnership is the result of high demand from retail and institutional investors looking to gain deeper insights into the U.S. equities market on a single platform.
The combined offering also allows users to detect hidden patterns, understand the situation, and liquidity at every price level, arming them with a more robust offering that greatly increases the visibility and adoption of market data.