NEW YORK, Oct. 13, 2011 /PRNewswire/ -- NYSE Technologies,
the commercial technology unit of NYSE Euronext, today announced
the availability of OTC Markets Group as a new destination on the
Secure Financial Transaction Infrastructure® (SFTI®) network.
As one of the industry's fastest, most resilient electronic message
transmission networks, SFTI provides customers with highly reliable
access to the financial markets and market participants through a
single point of access. This service is being rolled out
across all SFTI Americas locations, allowing customers to access
OTC Markets Group's market data for the 10,000+ securities traded
on OTC Markets' OTC Link platform.
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OTC Markets Group is the latest addition to the expanding SFTI
content service provider community which provides low latency
access to all NYSE Euronext US Equities and Derivatives markets,
NMS data and over 20 additional US market centers. Customers can
send order flow and receive market data from OTC Markets by
leveraging their existing SFTI connectivity, thereby reducing the
cost and complexity of infrastructure. The service also features
redundant and disaster recovery connections.
"We are very pleased to add OTC Markets Group to SFTI to offer
our customers even greater access to a diverse range of data and
tradable securities, now including the OTC Link platform for
trading more than 10,000 unlisted issues," said Stanley Young, CEO of NYSE Technologies.
"SFTI is a core component of NYSE Technologies' unique value
proposition for global customers designed to deliver an array of
products, services and access to key trading destinations around
the world."
"We are excited to offer our customers and potential customers
the option of using the SFTI network to access our real-time market
data for more than 10,000 OTC securities," said Cromwell Coulson,
CEO of OTC Markets Group. "This important step will make connecting
to our growing marketplace easier and more cost-effective for
SFTI's customer base."
SFTI is the financial industry's most secure and resilient
network that provides over 1,300 financial market participants with
a single point of connectivity to multiple exchanges, market
centers and content service providers around the world. Providing
lowest latency access to NYSE Euronext Equities and Derivatives
markets and a host of non-NYSE Euronext global execution venues,
SFTI was built specifically for electronic trading and market data
transmission with the goal of enabling firms to reduce their
time-to-market, improve their performance and significantly lower
the cost of their high-performance trading infrastructure. Members
also benefit from full redundancy and access to a range of NYSE
Technologies solutions including Risk Management Gateway,
SuperFeed™, Marketplace™ and Compute On Demand.
OTC Markets Group is a leading source of quote, trade and
contact information for over 10,000 unlisted securities. The SFTI
network now includes OTC Markets Group's Multi-cast Data Feed,
QDIST Legacy Data Feed and access to the OTC Link platform. Once
provisioned, SFTI customers may quote, trade and receive market
data from OTC Markets – serving diverse business strategies and
customer needs.
OTC Markets Group's real-time data will soon be available in
NYSE Superfeed, the normalized real-time data feed product offered
by NYSE Technologies. Superfeed provides a single vendor
solution for access to data across markets via ultra low latency
connections (via SFTI or co-location).
For more information on NYSE Technologies global connectivity
solutions please visit
http://nysetechnologies.nyx.com/trading-infrastructure.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides
broadly accessible, comprehensive connectivity and transaction
capabilities, data and infrastructure services, and managed
solutions for a range of customers requiring next-generation
performance and expertise for mission critical and value-added
trading services. NYSE Technologies offers a diverse array of
products, services and solutions to: the Buy Side, including order
routing, liquidity discovery and access to a community of over 630
Broker-Dealers and execution destinations globally; the Sell Side,
including high performance, end-to-end messaging software and
innovative market data products delivered on the world's largest,
most reliable financial transaction network; and Market Venues and
Exchanges, including multi-asset exchange platform services,
managed services and expert consultancy. With offices across the
U.S., Europe, and Asia, NYSE Technologies offers advanced
integrated solutions for the global capital markets community,
earning the ability to power trading operations for many of the
world's best financial institutions and exchanges. For additional
information visit: www.nyse.com/technologies.
About OTC Markets Group
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's
largest electronic marketplace for broker-dealers to trade unlisted
stocks. Our OTC Link™ platform supports an open network of
competing broker-dealers that provide investors with the best
prices in over 10,000 OTC securities. We categorize the wide
spectrum of OTC-traded companies into three tiers - OTCQX (the
quality-controlled marketplace for investor friendly companies),
OTCQB® (the U.S. reporting company marketplace for development
stage companies), and OTC Pink™ (the open trading marketplace) - so
investors can identify the level and quality of information
companies provide. To learn more about how OTC Markets Group
makes the unlisted markets more transparent, informed, and
efficient, visit www.otcmarkets.com.
SOURCE OTC Markets Group