After extensive product evaluation, firm selects fully hosted ActivContentPlatform 2.0 solution for market data
New York, NY – December 9, 2013 – ACTIV Financial, a global provider of real-time, multi-asset financial market data solutions, today announced that Tora, Asia's leading provider of advanced trading technology and financial services, will add ACTIV Financial as a provider of Asian market data services.
Tora is now live with ACTIV’s newly released ActivContentPlatform 2.0, providing advanced enterprise market data solutions for increased throughput capacity with hardware acceleration over a reduced infrastructure footprint. Tora will utilize ACTIV’s expansive Asian market data content, including newly added Bursa Malaysia, Indonesia Stock Exchange, Philippine Stock Exchange, Stock Exchange of Thailand and Thailand Futures Exchange. ACTIV’s content set will be delivered to Tora trading applications via ActivFeed, a multicast data stream that will be fully hosted and managed by ACTIV to deliver every tick on every instrument in a small bandwidth footprint, allowing for greater latency performance and service stability.
“Our trading clients look to Tora to provide a high-quality data service to successfully complete their trading strategies,” said Nick Mussallem, Tora’s Managing Director, Global Operations. “We see the addition of ACTIV as an added value for our clients as they focus on tackling the growing data volumes that are characteristic of Asia markets.”
“Traders need fast and reliable access to a wide breadth of market data to stay competitive,” said Ben Collins, Executive Director, APAC and EMEA. “ACTIV is delighted to provide Tora with a comprehensive, multi-asset class market data solution. This partnership demonstrates that the scalability, best-of-breed performance and low total cost of ownership we’ve seen from ACTIV’s platform in North America are applicable globally.”
The latest news comes on the heels of ACTIV’s next generation platform launch as well as its expansion into more than 10 new Asian markets in response to client requests and growing investor activity in the region. Tora has plans to extend their current focus on Asian markets and will rely on ACTIV to provide market data services for additional markets.