The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Activ Adds Emerging Markets, FX … Looks Beyond Latency

Activ Financial has been busy in the feed handler department, having recently added a bundle of emerging markets to its offering, as well as expanding its foreign exchange service. The company’s goal is to build out its global coverage both in terms of geography and asset class coverage as it looks beyond the “saturated” world of ultra-low-latency, says president Frank Piasecki.

Activ now provides data from around 200 markets worldwide, having added some 80 exchanges in the African, Caribbean, Eastern European, Middle Eastern and South American regions. Most of those are not low-latency plays, says Piasecki, who notes that some venues still use a black board as an order book.

Much more latency-sensitive, though, is the vendor’s addition of FX market data – two consolidated forex feeds, four FX ECNs and nine direct bank FX desk feeds.

But, says Piasecki, “We are now in a post latency world.” By his count, there are now more than 15 vendors in the ultra-low-latency feed business, in addition to the home grown efforts of around 50 trading firms. And he reckons the vendors engaged in this endeavor are “competing with narrow and transient value propositions.”

So for Activ, the direction is to build out its content and delivery options and push costs lower, as well as keeping up on latency. Piasecki continues: “Data and performance requirements always change, and must be met by constant evolution and investment … the momentary technical advantages clients and vendors achieve between each other get evened out in time … the only business model that has been shown to sustain these dynamics is the traditional market data model, where content and technology are managed and offered in useful forms at reasonable prices”

Related content

WEBINAR

Recorded Webinar: Market data management, licensing and administration in the post-Covid environment

Market data administration has always been a challenge. For many firms, keeping tabs on permissioning and entitlements, compliance with licensing agreements, and reconciling all that with increasingly complex invoices requires a significant dedicated resource with a clear understanding of the issues involved. As if that weren’t enough, things got more challenging for these teams in...

BLOG

Gresham Technologies Agrees to Acquire Electra Information Systems

London-based Gresham Technologies is acquiring New York-based post-trade automation specialist Electra Information Systems, in a cash deal valued at up to $38.6 million. The acquisition, which follows Gresham’s purchase of Inforalgo Information Technology last summer, will boost Gresham’s physical presence in the US, double its customer numbers to over 270, and strengthen its cloud and...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...