NYSE Strengthens Tie with Xignite - Analyst Blog
12 Giugno 2012 - 12:45PM
Zacks
NYSE Technologies, a division of NYSE Euronext,
Inc. (NYX) further consolidated its relationship with
California based website builder Xignite Inc., and agreed to launch
an innovative service for using the Internet to access real-time,
historical, and reference data across its markets. Xignite Inc.
excels in providing financial web services and cloud solutions to
over 1000 clients across 50 countries.
The initiative aims further development of the services of NYSE
Technologies Market Data Web Services, which is powered by
XigniteOnDemand. The service was initiated by NYSE in 2011 to
extend the benefits of NYSE Technologies Capital Markets Community
to remote locations and also to non-latency sensitive clients.
The execution of the new service has been planned in two phases.
To begin with, users will be provided with the benefit of retail
reference pricing on a real-time basis across NYSE, NYSE MKT, and
NYSE Arca markets. NYSE Bonds data, NYSE Liffe Level 1 and Level 2
data, and NYSE and NYSE MKT Order Imbalances will be made available
in the final phase, programmed to be delivered in the penultimate
quarter this year.
Users of NYSE Euronext market data across the world, especially
in remote areas, will be able to access and modify the available
data according to their requirements with the availability of
Internet connection. The company also wishes to connect its
consumers directly to the content in various ways. NYSE’s
partnership also complements its enterprise cloud strategy by
giving the firms the liberty to focus on its primary business.
Although the company remains up-to-date with the latest
technological upgrades in the trading environment, it should focus
more on increasing its trading volumes. It continues to suffer from
weak trading volumes across equities, bonds, ETFs and structured
investment products.
The company should also be wary of its competitors with a
similar proactive stance in the industry on the acquisition front.
CMEGroup (CME), a close competitor of NYSE
recently launched CME Direct that facilitates brokers to handle
customer accounts on a single platform, simultaneously doing away
with the hassles associated with switching between the exchange's
Globex and Clearport systems.
NYSE currently retains a Zacks #5 Rank, which translates into a
short-term Strong Sell rating.
CME GROUP INC (CME): Free Stock Analysis Report
NYSE EURONEXT (NYX): Free Stock Analysis Report
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