NYSE Technologies, a division of
NYSE Euronext, Inc.
) further consolidated its relationship with cloud-based web
services provider 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 market 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
The company should also be wary of its competitors with a similar
proactive stance in the industry on the acquisition front.
), a close competitor of NYSE (also on the Xignite platform),
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 #3 Rank, which translates into a
short-term Neutral rating.
(We are reissuing this article to correct a mistake. The
original article, issued June 12, 2012, should no longer be relied
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