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Saxo Enlists Activ for Options Data

Inside Market Data

Saxo Bank is using exchange-traded options data from market data and ticker plant vendor Activ Financial to support the price generation process of its listed products online trading operation.

The bank is currently completing testing with Activ’s US, European and Asian options data, sourced from the vendor’s ActivFeed consolidated datafeed, and  captured via Activ’s ticker plant at Equinix’s LD4 facility in Slough.

Saxo is leveraging Activ’s full-depth data to derive its own spreads that it distributes to clients via its online trading platform, and has been able to reduce latency and access more comprehensive coverage by switching to Activ from its unnamed previous data provider, says Dane Thacker, sales director for EMEA at Activ in London.

Thacker says the vendor has been expanding “aggressively” in the European market and has added over 20 clients in the region so far this year, including financial spread betting company IG Index, which is using Activ’s feed to access the Options Price Reporting Authority’s consolidated feed of US options data to derive prices for IG’s contracts for difference and financial spread betting markets.

In response to growing demand in Europe, Activ is also planning to port its feed handlers for major European exchanges directly onto its MPU hardware-accelerated market data appliance by the end of this year. The vendor has already released hardware versions of its feed handlers for US equity markets and OPRA data.

 

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