NYSE Technologies has announced that Capital Fund Management, the largest French private hedge fund, has licensed its market data distribution and integration software.
NYSE Technologies has announced that Capital Fund Management, the largest French private hedge fund, has licensed its market data distribution and integration software.
CFM has replaced its legacy market data distribution system with NYSE Technologies’ Market Data Platform at its New York and Paris operations.
NYSE Technologies’ sub-millisecond feed handlers and Middleware Agnostic Messaging API deliver data to CFM’s trading systems, which handle 100 per cent of the firm’s order flow electronically.
Jacques Sauliere, chief operating officer at CFM, says: ‘Since we connect to all major US, European and Asian markets, NYSE Technologies was the clear choice considering the breadth of coverage available through its extensive range of feed handlers, its cutting-edge market data distribution platform and comprehensive value-added services.’
NYSE Technologies, which currently offers more than 160 sub-millisecond feed handlers, provides CFM with connectivity to a mix of direct market data feeds including NYSE OpenBook, NYSE Arca Options, Nasdaq ITCH and CME Multicast.
NYSE Technologies’ Market Data Platform provides capital market participants with the ability to seamlessly integrate with a variety of messaging technologies.
Sauliere adds: ‘During the implementation phase, NYSE Technologies provided us with the ability to work alongside our existing middleware vendor while we transitioned to our new low-latency platform. We were able to consolidate our use of APIs by using its middleware API and write all of our applications to MAMA with the ability to upgrade our middleware in line with technology advances.’
In addition, CFM also uses NYSE Technologies’ Data Access and Reporting Tools Entitlements to control user and application access to the market data feeds and report on unused or underused market data services.
‘CFM is a pioneer in the adoption of pure electronic trading systems generating value for their investors. Being trusted with their business in New York and Paris is something we’re extremely proud of and validates our strategy in serving the buy-side,’ says Stanley Young, chief executive of NYSE Technologies and co-global chief investment officer of NYSE Euronext. ‘CFM’s enterprise deployment firmly secures NYSE Technologies as the partner of choice for connectivity, transaction solutions and data management services at the world’s largest and most active trading firms and leading markets.’
