Low-latency and enterprise data provider Activ Financial is deploying its hardware-accelerated ticker plant in the Japan Exchange Group's (JPX)upcoming co-location facility to provide access to cash and derivatives data from the Tokyo Stock Exchange and the Osaka Securities Exchange-- which merged to become JPX -- as a managed service, to lower cost and complexity for regional and global clients seeking access to the markets.
The vendor is currently installing its ticker plant in the new JPX datacenter, and will be ready for production when the facility launches in May, says Tim Neo, managing director of Asia-Pacific at Activ.
The ticker plant will provide physical connectivity to TSE's FLEX Standard and FLEX Full equity feeds and Tdex+ derivatives feed in raw and normalized formats, with datafeeds from OSE as well as proprietary trading systems SBI Japannext and Chi-X Japan, and other regional markets available via the vendor's ActivFeed Direct managed ticker plant, and data from global exchanges available via its ActivFeed consolidated feed. Firms co-located in the facility -- which will become a key hub on the vendor's ActivNet global data distribution infrastructure -- would be most interested in ActivFeed's existing coverage of data from other regional exchanges, including the Australian Securities Exchange, Hong Kong Exchanges and Clearing, the Singapore Exchange and the Korea Exchange, says Activ president Frank Piasecki.
"The high-frequency traders often interact with other exchanges regionally as well, and if they have not chosen to co-locate in Hong Kong, too, for example, then the fastest way they can get that data into [their co-lo space in] JPX is often through our network," Piasecki says.
Firms co-located in the facility can access data from Activ through a cross-connect from their infrastructure to Activ's equipment, or the vendor can support and run dedicated infrastructure for clients, Piasecki says. A fully managed service like this can help reduce the cost and complexity of setting up and maintaining infrastructure in multiple co-location facilities around the world, he adds.
"There will always be that class of customer that wants native-format data, direct connectivity, and even their own space-but managing connectivity to the exchange is an area that people are happy to give up, and then there's a larger community who are happy to use Activ's normalized API to interface to the data because they're already using it elsewhere in the world," Piasecki says. "Maintaining that is a far more stable experience than keeping up with changes to the native exchange format."
Activ will continue to maintain its existing infrastructure in the TSE's current co-location facility until the datacenter is retired, though the exchange has not yet announced a closure date, and over 90 percent of Activ's client base in the existing co-location facility-comprising local and global buy-side and sell-side firms-plan to migrate to the new JPX facility, Neo says.