Market data appliance company Exegy said this week that it is working with Essex Radez, a provider of direct exchange feeds and co-location services for algorithmic trading firms, as a partner to relaunch a public website that tracks real-time market data rates every second of every trading day.
The site, called MarketDataPeaks.com, provides a minute-by-minute account of the aggregated volume of market data messages across major North American exchanges, highlighting the peaks from the current day as well as historic peaks.
The Financial Information Forum (FIF), an organization founded by consultancy Jordan & Jordan to address the issues that impact financial technology operations and development in light of rapid changes occurring in technology, regulation and market structure, is also co-sponsoring the site.
The historic data will be captured and included in the Financial Information Forum’s capacity statistics as part of the organization’s collaborative efforts to address issues that impact financial technology operations and development in light of rapid changes occurring in the marketplace, according to the companies involved.
The site is designed to provide unique information on peaks in market data to the financial community – trading firms, exchanges and regulators—helping executives stay on top of market data issues and plan for the future, said Jeff Wells, vice president of product management at Exegy.
Wells told Securities Industry News that the key thing here is that sometimes when there is an enormous amount of data coming into a data center, it is sometimes because things are going wrong. “What MarketDataPeaks.com allows traders to do is [determine whether] there is a genuine peak in the market in general, and not just their systems, so they can be more secure in carrying out their trading strategies,” he explained.
MarketDataPeaks was originally launched in 2008 by Exegy, the FIF and now defunct trading system infrastructure provider Xasax Corp. Wells, who has been chair of the FIF’s capacity group since 2001, noted that his group has always looked at historical data, which the exchanges provided about their peaks, “but you never really know what went on at moment in time.”
“It occurred to me that at Exegy that we have a machine where we can actually bring everything in all at the same time, so I proposed to a third party at the time that we could put a machine at their data center an plot the market data peaks,” explained Wells.
MarketDataPeaks.com features the total number of messages that occur simultaneously in any given second across all live data feeds including NYSE/SIAC, NASDAQ, OPRA, CME, ARCA, BATS and Direct Edge, both Level 1 and 2. The graph displays the highest one-second aggregate peak that occurs in each minute. The graph on the site’s home page automatically updates every minute.
All data are processed and updated through a single Exegy Ticker Plant located within the Essex Radez data center at the Equinix NY4 facility in Secaucus, New Jersey. The 340,000 square foot Equinix facility is a major data distribution center for the new CBOE C2 platform, Direct Edge, ICE, ISE, BOX, and NASDAQ.
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