The relationship will create a completely hosted and fully managed offering that includes the key components of an algorithmic trading environment, including low-latency depth of book market data via NYSE Technologiesâ SuperFeedSM and a FIX messaging infrastructure with optional mutli-market risk management tools via NYSE Technologiesâ SFTI Sponsored Market AccessSM.
âWorking with 4th Story highlights our commitment to bringing the kinds of electronic trading services previously enjoyed by a select few to a much broader audience of users,â said Murray White, Senior Vice President, NYSE Technologies. â4th Story is a natural partner for us as we begin working with customers to implement this highly-accessible technology.This collaboration promises to add considerable value for any size firm connected to our SFTI network and our innovative SFTI Integrated Partner Solutions environment.â
âThis joint effort allows firms to get into algorithmic trading with an approachable, comprehensive, best of breed solution,â said Steve Smith, 4th Storyâs CEO. âIn addition, our flexible platform and consultative, highly customer-focused approach means that firms can easily tailor their algorithms to their needs, or those of their customers, to compete more effectively. 4th Story is excited to work with NYSE Technologies to bring this carefully developed, intelligently-designed solution to the marketplace.â
The NYSE Technologies-4th Story solution provides customers with a hosted service that provides speed of deployment, pre-integration of service components and a commercial model well-suited to firms need interested in adding the strategy-based execution and algorithmic trading services that to allow firms to better compete in todayâs highly-competitive, low latency trading environment. The SFTI Integrated Partner Solutions platform offers a FIX infrastructure, complete with risk management tools and a broad, comprehensive network for service distribution with access to trading venues and counterparties while ensuring that customers can utilize one of the worldâs fastest, most secure networks for accessing global liquidity.