JERSEY CITY, N.J., Feb. 13, 2012 (GLOBE NEWSWIRE) -- Direct Edge, one of the world's leading U.S. equities exchange operators, announces the launch of EdgeBook CloudSM, a suite of on-demand services providing depth-of-book historical trade and quote data from the Direct Edge's two national securities exchanges – EDGA Exchange, Inc. and EDGX Exchange, Inc. This dataset is delivered via the Xignite cloud technology platform and supports efficient market analysis, back-testing, and compliance review. The data suite includes EdgeBook Replay, EdgeBook Flex Download and EdgeBook Snapshot and is designed to provide deep data queries that can be easily integrated with end-user systems, without the burden of storing mass quantities of data.
"Our goal is to make EdgeBook Cloud the most comprehensive and intuitive market data product available," said Kevin Carrai, Head of Connectivity and Member Services at Direct Edge. "Unlike other services on the market, EdgeBook Cloud provides complete proprietary book data where users can quickly obtain the specific information they need, when they need it. Analysis can be performed that isolates a particular stock, or looks at its performance in comparison with others in a real-time simulation. It leverages Xignite's cloud architecture to provide a seamless and reliable interface and is fully customizable to perform downloads in the format that is most beneficial for the user."
The three delivery mechanisms are:
| EdgeBook Flex Download -- | Custom queries that deliver large data downloads on demand. |
| EdgeBook Replay -- | Daily quote and trade data presented in precise chronological order and containing the exact messages as they were disseminated from our data feeds. |
| EdgeBook Snapshot -- | Historical trade and quote data via an Application Programming Interface (API) that allows users to quickly automate requests for data and integrate them into their own systems. |
"Direct Edge is an exchange that has shown its desire to explore innovative solutions for its Members," said Stephane Dubois, CEO of Xignite. "We look forward to an exciting collaboration that will push the on-demand cloud delivery of data to a higher level and set a standard that stays ahead of a rapidly changing market environment."
EdgeBook Cloud is expected to have broad applications for use by professionals such as compliance officers, electronic traders, analysts and the academic community. For more information please visit http://cloud.directedge.com/Home.aspx.
Direct Edge
Direct Edge, America's newest stock exchange, offers the next generation of displayed markets. Direct Edge utilizes two independent exchange platforms and unique order types to match complementary forms of liquidity based on sensitivity to transaction cost, fill rate, and fill speed, while maintaining high execution quality and low latencies. Headquartered in Jersey City, N.J., Direct Edge is owned by a consortium that includes the International Securities Exchange, Knight Capital Group, Inc., Citadel Derivatives Group, The Goldman Sachs Group, and J.P. Morgan. Everybody Needs Some Edge.
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Xignite
Xignite is the leading cloud services provider of on-demand financial market data and award-winning on-demand data distribution solutions. Xignite's market data cloud fulfills more than five billion service requests per month and offers more than 50 financial Web Services providing real-time, historical and reference data for global equities, commodities, currencies, options, fixed income, mutual funds, derivatives and OTC instruments. Xignite solutions power mission-critical applications for front, back and mid-office, investor relations, dashboards, e-commerce, wireless applications and financial websites for more than 900 clients in 47 countries, including Citi, GE, Wells Fargo, Computershare, ING, BNY Mellon, Natixis, Dow Jones, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, and Barrick Gold. The award-winning XigniteOnDemand cloud platform also powers on-demand market data distribution solutions for stock exchanges, trading venues, OTC brokers and market data originators including the CME Group, NASDAQ OMX, BgCantor and Pearson. For more information, please visit www.xignite.com or call 1-866-XML-SOAP.