Financial technology provider IRESS is preparing for the introduction of market competition in Australia with the launch of a multi-market consolidated feed product.
IRESS Market Feed is a low latency (low delay) normalised feed providing single market or consolidated market data, extending to the full depth of book.
The company stated that the features make the feed a better alternative to reading market feeds directly for those clients who require market-wide data for trading algorithms or for use in other trading applications or websites.
The product also provides feeds for all sources of public data that IRESS does or will process, subject to exchange agreements.
Managing director Andrew Walsh said that now the timetable has been announced for the introduction of new entrants to the market such as Chi-X Australia, it was time to prepare.
“Now is the perfect time for specialist equity market participants to assess their transition to a multi-market environment,” said Walsh.
