The technology arm of NYSE Euronext said Thursday it had launched a new class of service that will help institutional traders filter and prioritize indications of interest in buying or selling specific securities.
NYSE Technologies said it was introducing a program called ioinet v2 that would let buy-side traders view IOI and advertised trade (AT) data in customized ways that would alert them “to the liquidity they are looking for,’’ the commercial technology unit said, in a prepared statement.
The platform is designed to pull in trading analysis data and services from NYSE Technologies as well as other parties. The data can be used in custom charting and “heat map” applications, shared between trading desks and other comparative uses, which can be updated as new data comes in.
This gives NYSE traders “the ability to quickly create on demand dynamic views of the rapidly changing liquidity landscape,” adds Paul Scott, Head of Liquidity Discovery at NYSE Technologies. “This is a vitally important new benefit to be able to offer clients as it is no longer acceptable to depend solely on the traditional static views of limited data sets.”
NYSE Technologies said core functions of ioinet v2 include filtering capabilities that can create custom watch lists, tickers, and alerts that keep traders informed in real-time on the stocks they are looking to trade. The ioinet functionality can be accessed through desktop trading tools such as Order and Execution Management Systems (OMS, EMS) and Market Data platforms, it said.
This article can also be found at SecuritiesIndustry.com.
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