Skyler expands its award-wining North American Liquidity Discovery Solution into Europe to meet the demands of the post-MiFID market space. Seize new trading opportunities in the more fragmented market created by MiFID, execute smarter trading decisions, and achieve higher Alpha.

The MiFID regulation aims for more transparency and harmonization, less boundaries in the European electronic market structure, and uniform standards of investor protection. One of the main impacts on market participants will be increased fragmentation of liquidity.

The Skyler C3 Liquidity Discovery Solution uniquely addresses the need for fast, flexible, and reliable liquidity aggregation and management specifically for Europe. This C3 solution provides the following features:

• Maintain the full depth of all order books in real time
• Supports aggregation of different subsets of venues in a pre-configured and in an ad hoc manner
• Supports different aggregation types: no aggregation, MMID aggregation, price aggregation
• Supports fast and slow reading clients with different publishing mechanism (GUIs and algo engines)
• Supports venue specific flags as well as auction periods
• Ensures actionable and non stale data with built-in latency monitor and state machine
• Allows definition of published book views on a per query basis
• Includes open framework to embed custom indicator calculations, triggers, or additional adapters
• Allows Level I best bid/ask combination with full depth order book feeds
• Receives data via standard feed handling infrastructure or consolidated feeds including Reuters RDFD and RDF, Wombat, IDC Comstock Plus, etc.
• Publishes data via standard messaging infrastructure including Reuters RMDS, 29West LBM, Tervela Messaging Fabric, etc.
• Delivers order book aggregation with microsecond latency

Skyler’s C3 Liquidity Discovery Solution delivers a comprehensive set of benefits to its European customers:

• Significantly faster insights into fragmented liquidity and therefore improved trading efficiency
• Unmatched flexibility to address the specific market structure and trading needs of the European market
• Extraordinarily high reliability and resiliency
• Shorter development times and far less complexity to deploy an order book infrastructure
• Significantly lower total cost of ownership

For more information please see our use case Skyler C3 Liquidity Discovery Solution for Europe.

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