About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

McKay and Quincy Offer Low Latency Market Data Across New Jersey Equity Triangle

Subscribe to our newsletter

McKay Brothers and Quincy Data have connected the exchanges in the New Jersey Equity Triangle with what they say is the lowest latency in the market. The companies’ services link equity exchanges in Mahwah, Carteret and Secaucus, with the McKay network currently offering two-way market data and private bandwidth services between Mahwah and Carteret as well as Mahwah and Secaucus. A one-way service from Carteret to Secaucus will be available within days and a two-way service in the third quarter.

The services are made possible by a path that is almost perfectly straight and bandwidth capacity that significantly reduces buffering during market bursts. McKay’s exclusive licence to the 28GHz band eliminates signal interference, which is a common issue for incumbent networks operating in the congested New Jersey corridor.

The Quincy Raw Data (QRD) service distributed across the McKay network provides equity market data in native exchange formats and distributes raw exchange equity feeds from one exchange to the data centres of the other two at the lowest latency. The Quincy Protected Data (QPD) service offers the same exchange data feeds, combining wireless with fibre to deliver fast and reliable data offerings to the New Jersey Equity Triangle.

The services should help brokers fulfil best execution obligations for clients trading US stocks and exchange-traded funds. Stephane Tyc, McKay and Quincy co-founder, comments: “It has been nearly impossible for firms to obtain the timeliest market data between the largest US stock exchanges, as the best latency on two legs of the New Jersey Equity Triangle has been controlled by private trading firms. Our new services provide all firms with the chance to compete on an equal footing.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: From Data to Alpha: AI Strategies for Taming Unstructured Data

Unstructured data and text now accounts for the majority of information flowing through financial markets organisations, spanning research content, corporate disclosures, communications, alternative data, and internal documents. While AI has created new opportunities to extract signals, many firms are discovering that value is constrained not by models, but by the quality of the content, architecture,...

BLOG

Re-Architecting Front-Office Resilience with R2R

A Practical Framework for the AI-driven Trading Desk By Vishal Gupta, Executive Director, Head of Equity Derivatives Technology, Mizuho Americas Services The Tier 2 / Tier 3 Resilience Gap Tier 2 and Tier 3 capital markets institutions face a growing resilience challenge in their Front-Office trading environments. Unlike Tier 1 banks, these firms operate with...

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Corporate Actions Europe 2010

The European corporate actions market could be the stage of some pretty heavy duty discussions regarding standards going forward, particularly with regards to the adoption of both XBRL tagging and ISO 20022 messaging. The region’s issuer community, for one, is not going to be easy to convince of the benefits of XBRL tags, given the...