Combined solution addresses customer demand for alternative market data terminals with flexible access to a wider range of real-time market data feed providers.
MDX Technology (MDXT), a leading provider of vendor agnostic real-time market data connectivity solutions, and Orchid Technology, a leading provider of alternative market data terminals, today announced they had formed a strategic partnership to provide Orchid’s Jigsaw Terminal integrated with MDXT’s Connect platform.
“This is another important partnership for MDXT driven by customer demand for alternative cost effective market data terminals with the flexibility to select from a wide range of real-time market data sources. Currently we connect to Bloomberg, NYSE, Reuters, SunGard and TIBCO with a roadmap of 10 other providers including the leading data vendors in Asia”, said Paul Watmough, CEO, MDXT.
Richard Gissing, CTO, MDXT, added “The combination of our high-performance market data interfaces with Orchid’s terminal creates a much more powerful offering addressing the needs of a much wider audience.”
“The partnership with MDXT will allow us to extend our products to a much wider range of data vendors’ platforms. It will also give us the ability to utilise MDXT’s Connect to offer more comprehensive solutions to our clients”, said Serge Kimura, President, Orchid Technology.
Under the terms of the partnership, MDXT will promote the combined solution in Europe while Orchid will continue to focus its efforts in Japan.