In the alliance with HyperFeed, MarketXS, a provider of real-time market data technology and trading solutions, will act as a strategic partner with HyperFeed for HTRS and ActiveH in Europe with the responsibility of implementing and supporting these products for customers in the region.
MarketXS already supports multiple TRS sites in Europe in its current capacity as distributor for Telerate. It recently completed a TRS installation for the Fortis Bank dealing rooms in Benelux, one of the largest TRS sites globally.
Says Cor Breur, Global Co-ordinator of the Market Data Competence Center at Fortis Bank: 'We are pleased to see that MarketXS and Hyperfeed have teamed up to assure the availability of TRS for the long term. Fortis Bank is keen to continue its use of TRS as a reliable, open and efficient market data infrastructure to support the requirements of the many different users within Fortis Bank.'
'We have high expectations from the alliance with MarketXS' said Paul Pluschkell, President and CEO of HyperFeed. 'MarketXS offers HyperFeed proven TRS and Active8 sales experience, existing installation and support capabilities, and an impressive array of satisfied customers. As a neutral provider of software and services, HyperFeed will offer our HTRS Market Data Platform and ActiveH application on equal terms to all content publishers, application providers and end users. Our goal is to create the industry's first collaborative open and agnostic global platform for data, transactions, and platform integration through the use of strategic partnerships. We believe that MarketXS is uniquely positioned to support our efforts and expand our presence to the European markets.'
Says Floris Alkemade, chief executive officer of MarketXS: 'We are excited about the partnership with HyperFeed, and happy that we can reassure our customers that TRS technology will be around as the much desired long-term independent alternative. HTRS is an important building block for larger dealing room installations in particular, where it serves as a central backbone to support real-time data and trading applications for hundreds of simultaneous users in an efficient and reliable manner. With our ability to deliver real-time pricing from the major inter-dealers brokers and our experience in implementing and supporting TRS technology based sites, we can deliver a strong dealing room offering to financial institutions and trading platforms in Europe.'
Under the alliance, HyperFeed and MarketXS will work closely together on future HTRS and ActiveH development, including the development of feed handlers and the integration of additional data sources with a view to deliver a consolidated over-the-counter data feed for dealing room purposes. HyperFeed and MarketXS are also exploring the possibility combining HyperFeed's on-site, low latency ticker plants and proprietary smart order routing technology with the range of data distribution and trading solutions that are delivered by MarketXS' service model.
HTRS and ActiveH are not Reuter's products and are not supported by Reuters.
TRS, Active8 and Telerate are registered trademarks of Reuters.