Under this partnership, UNX becomes the first third-party provider to offer a service on the Community Platform’s cloud infrastructure.
Through its Community Platform, NYSE Technologies will distribute UNX’s broker-neutral, open-technology front-end, Catalyst to deliver data and services from the NYSE Technologies’ product portfolio to financial services firms.
In addition, Catalyst’s software development kit and APIs will also enable broker-dealers, third-party vendors, and other institutional trading participants to develop applications for use in Catalyst.
NYSE said that services offered from inside the cloud and delivered through Catalyst would include global market data, trade analytics, order and execution information tools, indications of interest (IOI), advertised trades (AT), and other data services, including trade and quote (TAQ) data, market imbalances and regulatory alerts.
UNX’s existing clients use the SDK to integrate, update and customize algorithms, portfolio trading and other electronic trading services such as analytics and risk management tools in the Catalyst platform.
UNX CEO Thomas Kim said that the collaboration aligns with UNX’s unique value proposition of an open platform into which the buy side, vendors, brokers and exchanges can build their own trading functionalities and extend services to a broader client base.
"This partnership with NYSE Technologies affirms the value of Catalyst, and allows us to jointly build a true global ecosystem of market participants who can access any trading technology from any broker, vendor or exchange from anywhere in the world," Kim said.
