Trading Venues

For trading venues that have the need to securely publish data directly to external consumers and/or receive data back from those consumers, MDX offers a highly flexible end to end data distribution platform configurable to the needs of the individual trading venue and its counterparties.

The Challenge

In an environment where trading volumes and associated revenues are under pressure, the market data generated by a trading venue, and the revenues derived from that data, are arguably more important now than ever before. Efficient collection of market data (from a trading engine) and secure distribution to end consumers is crucial. Equally, the ability to receive indicative or transactional data back from clients is important to on-board liquidity. Snapshot or one-way distribution via legacy data vendors is no longer enough. Clients are demanding more.

The Solution

For trading venues that have the need to securely publish data directly to external consumers and/or receive data back from those consumers, MDX offers a highly flexible real-time bi-directional data distribution solution that gets your data to where you want it, on time, every time! Unlike many legacy data distribution platforms, MDX is rapidly deployable, on premises or in the cloud, minimising the total cost of ownership and maximising the value of your data.

Benefits to the trading venue

  • Rapidly deployable, on premises or in the cloud reducing time to market for your data.
  • Efficient integration with your trading engine e.g. via FIX, proprietary API, etc.
  • Flexible data solutions to consumers e.g. real-time, delayed, end of day snapshot, etc.
  • Compliment to or disintermediation of legacy data vendors.
  • Multiple delivery options e.g. Microsoft Excel, API, webpages, mobile apps, etc.
  • Receive indicative or transactional data back from consumers via the same channel.
  • Control data schema, user/data permissions and bandwidth usage (down to per user level).
  • Monitor audience statistics (e.g. who is looking at what, etc.).

Benefits to the consumer

  • No on-site infrastructure required (so reduced TCO for receiving data).
  • Flexible datasets e.g. real-time, delayed, end of day snapshot, etc.
  • Flexible consumption of data e.g. in Microsoft Excel, API, webpages, mobile apps, etc.
  • Ability to subscribe to market data and publish indicative or transactional data back.
  • No dependency on market data vendor terminal suite to consume data in an Excel spreadsheet.