Using Deeper Data Reserves to Make Markets More Accessible

dxFeed, a leading market data provider, has officially announced a partnership with Blue Ocean Technologies to introduce a unique data feed product which can help users access market-depth insights outside of the standard trading hours. According to certain reports, the stated data feed product will bring to the fore pricing information for US Equities during out-of-market hours so to substantially scale up trading capabilities for investors who are on the lookout for insights into pre-market sessions. Talk about the whole value proposition on a slightly deeper level, we begin from how it is available in both original and derived forms. Hence, the feed in question can be leveraged for a variety of use cases, including Regular and CFD brokerages, analytics portals, and hedge funds. As for the operational hours, the Blue Ocean Technologies-backed feed is expected to work from 8 pm to 4 am EST. This it will do while simultaneously facilitating a 24-hour continuous ATS source market for RegNMS securities in the US. Markedly enough, given its promise to open at 8 pm, the solution provides the earliest premarket prices for US equities after a weekend. Then, there is the prospect of comprehensive coverage. You see, the all-new feed is programmed to pack together every single RegNMS-eligible security, something which then translates to detailed market insights for investors.

“These new data feeds represent a paradigm shift in market data accessibility. By providing unprecedented insights during out-of-trading hours, we empower traders with a continuous ATS source, fostering informed decision-making. Our partnership with dxFeed further solidifies our commitment to delivering innovative solutions to the financial industry,” said John Willock, Head of Strategy at Blue Ocean Technologies.

Another detail worth a mention here is rooted in the solution’s performance metrics. Going by what we know so far, the data feed arrives on the scene after clocking, during initial runs, an average daily volume of 18 million shares. Furthermore, it was successful in completing trades for 4,688 unique tickers, with the total number of executions going upto 4.139 million. Not just that, the platform also recorded a whopping ceiling of $659 million when it came down to a single session high notional volume. Complimenting this entire runner is, of course, the rise in popularity for such feeds. To put things into context, at the moment, market makers are actively participating and offering decent liquidity for over 1,000 tickers.

Founded in 2016, dxFeed has climbed up the ranks by delivering financial markets information and services to traders, data analysts, quants, and portfolio managers. Operating one of the most comprehensive ticker plants in the world and providing the broadest range of data services by a single player, the company boasts over 6 million end-users through direct and B2B2C relationships. From this pool, dxFeed claims to serve 200,000 simultaneous streaming clients, and it does so across more than 2.5 million different instruments, including equities, futures, options, indices, FX, crypto, etc. The company’s excellence in what it does can also be understood once you consider it was recognized as the Best Infrastructure Provider to the Sell Side at Sell-Side Technologies Awards 2023. Beyond that, it also secured the Most Innovative Data Project award at Inside Market Data & Inside Reference Data Awards 2022.