According to the companies, the platform will enable algorithmic and program trading applications as well as traders’ desktops to gain immediate access to liquidity information. Financial services firms can find new Alpha generating trading opportunities across multiple liquidity pools. As a result, Skyler and Tervela claim the whole trading cycle is accelerated from the moment market data enters the enterprise to the sending of orders to the exchanges.
The joint offering combines Skyler’s embedded feed handling capabilities and the Skyler C3 order book aggregation and analytics engine with Tervela’s hardware-based messaging, routing, and caching. The latency reduction derives from a minimal total number of network hops for market data and the use of next-generation hardware-based acceleration and in-memory analytics capabilities.
The objective is to free our customers from their market data management and delivery problems and to provide them with the desired speed and head room to innovate new trading strategies and use market data in novel ways, explained Valerie Bannert-Thurner, Skyler’s vice president of business development.
