Neonet provides NASDAQ OMX with European Consolidated Market Data
First Published 9th July 2009
Neonet's European Consolidated Market Data powers NASDAQ OMX's Market Replay Europe
Simon Nathanson, President and CEO, Neonet: "By bringing relevant high speed market data into one consolidated order book, we eliminate the challenges related to market fragmentation and improve the market transparency."
Neonet, the provider of agency brokerage services and trading technology, has announced that its European Consolidated Market Data powers Nasdaq OMX's analysis tool Market Replay Europe.
Market Replay Europe allows users to view data from major European execution venues at any point in time. The tool is powered by market data collected and presented in Neonet's Consolidated European Order Book. Neonet delivers high quality market data, tapped directly from connected exchanges' and execution venues' order books and fed through high-speed circuits to deliver a low-latency feed to clients.
In addition to the Nasdaq OMX Group, Neonet provides market data to the multi-lateral trading facility Turquoise, as well as to banks and brokerage firms throughout Europe.
"By bringing relevant high speed market data into one consolidated order book, we eliminate the challenges related to market fragmentation and improve the market transparency. By these means, Neonet helps market participants to ensure efficient market operations", said Simon Nathanson, President and CEO of Neonet. "The agreement with Nasdaq OMX shows that it is important for leading exchanges, MTFs and other market participants with high-quality, high-speed market data."