New Market Data Solution Offers Local TSE Feeds Throughout Asian Markets
ACTIV, a global provider of real-time, multi-asset financial market data and solutions, today announced it is deploying a ticker plant at the new co-location facility of Tokyo Stock Exchange (TSE), wholly owned subsidiary of Japan Exchange (JPX) Group, which was established with TSE’s merger with Osaka Securities Exchange (OSE). The new offering will provide physical access to TSE FLEX Standard, FLEXFull, FLEX Full (WB) and Tdex+ feeds in raw or normalized outputs using ACTIV’s hardware-accelerated ticker plants. Additional market data feeds such as OSE, SBI Japannext and Chi-X Japan will also be available together with direct Pan-Asian markets via ActivFeed Direct, ACTIV’s low latency market data feed, or global exchange coverage from ACTIV’s consolidated feed services.
ACTIV’s JPX market data solution will provide sell and buy-side clients with a fully-managed service for both local and remote markets over a simple cross-connect. The solution reduces both complexity and cost for sell-side clients via ticker plant hardware, redistribution fees and higher data quality. For buy-side clients, ACTIV will partner with any hosting vendor of choice as part of the broker neutral, cost effective, vendor of record solution.
“We are pleased to welcome ACTIV as one of the first market data solution providers and as information distribution partners of our brand-new JPX Co-Location Service (all),” commented Yoshinori Suzuki, executive vice president & CIO of JPX and senior managing director of Tokyo Stock Exchange, Inc. “The new state-of-the-art TSE co-location service will offer higher cooling power, and further reduce latency and cost, compared with the current TSE Co-Lo. With the ACTIV solution, enabling JPX Co-Lo (all) users to utilize market data and other information across the Asian markets, I hope that the JPX Co-Lo (all) will become even more of a value-added service.”
“ACTIV will deploy this solution to provide clients faster and more cost effective market data throughout the Asian markets,” said Frank Piasecki, president of ACTIV Financial. “The offering provides sell and buy-side firms in the region with a best-in-class, fully managed market data service that is unparalleled in the industry.” JPX will become a major hub of the ActivNet global backbone, connecting (20+) global collocation facilities through redundant and low latency network connectivity for market data and order routing services.
ActivFeed is a highly efficient datastream that delivers a high quality tick-stream on every instrument in a small footprint. It plugs directly into a wide variety of third party applications, databases and messaging middleware through ACTIV’s API and can be used for trading applications, tick-capture engines, market screening, portfolio valuations and more. A number of multicast data streams are distributed from ACTIV datacenters globally, which drives ActivFeed and reduces required bandwidth up to 90%. At the JPX facility, ACTIV clients would be able to connect to native or normalized format for in house direct, regional, or out of region real time content on a fully managed basis.
TSE opened the co-location facility, so-called JPX Co-Location Area (all), in January 2013 to connect to arrowhead, Tdex+ and J-GATE with higher cooling power and lower latency. Latency from the JPX Co-Location Area (all) to arrowhead and Tdex+ is expected to improve by 10 microseconds, leading to a 35% decrease in latency in addition to a 35% reduction in cost. While the official launch date is May 2013, ACTIV is currently prepared to discuss implementation options and deployment planning.