2012 Review: Emerging exchanges revamp data tech, U.S. Exchanges ditch FAST

This year, exchanges in the East and the West moved in different directions
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A 2012 review article by Waterstechnology notes several financial technology trends from the past 12 months.

For starters, traders hunted for opportunities in new markets this year, which pushed emerging exchanges to upgrade their technological infrastructures and roll out new feeds that meet latency requirements and simplify data access.

Meanwhile, exchanges in the West began winding down the use of the FIX/FAST Protocol as a data compression standard over concerns about potential exposure to a patent infringement lawsuit filed in the US by IXO/Realtime Data against U.S. exchanges, consumers and data vendors.

The Australian Securities Exchange continued to grow its low-latency data offerings, expanding its ITCH-based feed of equity and options market data to distribute data from its main TradeMatch market.

The Johannesburg Stock Exchange migrated its equities market to a new matching engine and data platform from London Stock Exchange subsidiary MillenniumIT in July, launching new feeds based on the ITCH and FIX/FAST protocols.

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