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A-Team Insight Blogs

Redline Adds Eurex EOBI Order Book Support To its Fast Market Data Solution

Underscoring the important role of Eurex to European markets in general, Redline Trading Solutions has added a feed handler using Eurex’s Enhanced Order Book Interface (Eurex EOBI) protocol. The EOBI interface offers faster access to Eurex order book data, helping firms to respond more rapidly to changes on Eurex whether they are trading in the German derivatives exchange or interpreting market moves as price signals for other European markets.

The addition brings to 30 the number of European venues supported by Redline’s market data solution, among them BATS Chi-X Europe, Deutsche Börse, Euronext, the London Metal Exchange, London Stock Exchange Group, Nasdaq OMX Group and others. Redline supports more than 150 market data feeds worldwide.

According to Mark Skalabrin, CEO, Redline’s market data solution supports a wide range of users types, ranging from Tier 1 investment banks to highly specialized prop shops and hedge funds. Many of Redline’s clients have a global outlook, he says. “Even the smallest players of just a few traders often will trade in markets across North America, Europe and Asia.” For those clients that need only supplemental, non-direct feed access to markets, Redline offers a consolidated RedlineFeed.

“This broad support for European equity and derivative venues enables normalisation of market data across exchanges for faster trading insights,” Skalabrin says. The US-based company established its European headquarters on Cannon Street in the City of London back in 2014. It has since added a production services and support centre in Belfast to expand its global support operations. The Belfast operation draws upon the growing market data expertise in Northern Ireland, building on earlier investments in people by Wombat / NYSE Technologies, Harco, Fidessa, Datactics and others.

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