Exclusive Online Only ContentChi-Tech Selects 29West for MarketPrizm Feed Handler Messaging
December 17, 2009
Chi-X Global Technology, the technology services unit of Chi-X Global, said today it will employ messaging technology from 29West in the low-latency market data delivery infrastructure of the Chi-Tech’s MarketPrizm trading infrastructure solution.
Designed as a European trading “ecosystem” for use by banks and investment firms, MarketPrizm provides neutral, high-speed access to the region’s market centers, low latency market data and a range of third-party applications and services. MarketPrizm was created as a one-stop solution for data, services and connectivity to the European markets, offering trading firms of all sizes a cost-effective, high-performance infrastructure for all types of electronic trading, according to Chi-Tech.
The 29West Messaging solution is designed to serve as a messaging fabric for the next generation of high-performance, high-volume applications. “Lowering system latency delivers immense value to firms trading in today’s markets, and 29West is happy to bring our unique expertise in this area to help provide competitive advantage to Chi-Tech’s MarketPrizm customers,” said Mark Mahowald, President and Founder of 29West.
“Richard Leung, CTO of Chi-Tech, said his firm selected the 29West product “for its demonstrated performance and the fact that many banks and trading firms have already implemented 29West products in other parts of their infrastructures.”
MarketPrizm is a Chi-Tech business line focused on providing trading infrastructure and services to banks, funds, and other investment and trading firms. In a separate business line, the company also provides trading technology platforms to exchanges and market centers.
