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Prime Trading taps Iress to reduce data latency and costs

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Prime Trading, a privately held, proprietary trading firm, has partnered with Iress to improve its data quality whilst reducing API data latency and costs.

Previously, during peak moments of market volatility, Prime Trading experienced latency issues and network constraints as it consumed tick by tick market data. 

By implementing Iress’ API Data and Trading solution, Prime Trading has improved data accuracy, reliability and executability, as well as a significant reduction in network burden. In addition, Iress’ global, multi-vendor network ensured a straightforward and speedy integration to Prime’s third party order and execution management system.

Iress’ BBO (best-bid-offer) from its premium QuantFeed product has been initially deployed to cover US equities, but additional asset classes and geographies can be quickly and seamlessly integrated into the same feed.
 

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