NYSE Technologies Selects UNX Catalyst for its Capital Markets Community Platform
NYSE Technologies Selects UNX Catalyst to Provide Desktop Access to its Capital Markets Community Platform’s Services
Through the collaboration, UNX becomes first third-party partner to offer a service on NYSE Technologies Capital Markets Community Platform
NEW YORK, NY (June 14, 2011): NYSE Technologies, the commercial technology unit of NYSE Euronext, and UNX, an innovative trading technology provider (www.unx.com), are collaborating to deliver customizable technology, content and services to the global trading community that utilize the power and flexibility of the NYSE Technologies Capital Markets Community Platform. Through this collaboration, UNX becomes the first third-party provider to offer a service on the Community Platform’s cloud infrastructure and helps accelerate NYSE Technologies’ vision to empower customers by simplifying global market access and reducing trading friction.
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 rapidly develop applications for use in Catalyst.
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.
“NYSE Technologies is focused on providing the industry’s most secure, reliable infrastructure connecting the capital markets community to high-performance electronic trading applications worldwide. To create this virtual capital markets community, we are working with UNX to provide the framework for unified delivery and access to trading and data services, transaction destinations and market participants,” explains Stanley Young, CEO of NYSE Technologies.
“Catalyst’s open, fully extensible container will make it possible for industry professionals to easily integrate a wide variety of trading tools that leverage our expertise in markets, connectivity, infrastructure and technology. Our goal here is to empower financial firms to innovate and capitalize on market opportunities,” he adds.
UNX CEO Thomas Kim comments 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,” he states.
“Furthermore, we believe the extension of our SDK to the community to create custom plug-ins will drive innovation and ignite competition in the financial markets—just as open platforms have done for the mobile computing industry,” Kim adds.
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.
About UNX LLC
Founded in 1999, UNX is an independent trading technology firm and agency broker that provides advanced electronic trading technology for the institutional trading community through its open-architecture platform Catalyst®. A broker-neutral offering, Catalyst streamlines multi-broker trading workflow and serves as an efficient delivery mechanism for broker-dealers and third-party vendors to distribute and update their offerings to clients. UNX has offices in New York and Los Angeles.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides broadly accessible, comprehensive connectivity and transaction capabilities, data and infrastructure services, and managed solutions for a range of customers requiring next-generation performance and expertise for mission critical and value-added trading services. NYSE Technologies offers a diverse array of products, services and solutions to: the Buy Side, including order routing, liquidity discovery and access to a community of over 630 Broker-Dealers and execution destinations globally; the Sell Side, including high performance, end-to-end messaging software and innovative market data products delivered on the world’s largest, most reliable financial transaction network; and Market Venues and Exchanges, including multi-asset exchange platform services, managed services and expert consultancy. With offices across the U.S., Europe, and Asia, NYSE Technologies offers advanced integrated solutions for the global capital markets community, earning the ability to power trading operations for many of the world’s best financial institutions and exchanges. For additional information visit: www.nyse.com/technologies.
©2011 UNX LLC Member FINRA/SIPC. All rights reserved. UNX and Catalyst are registered trademarks of UNX LLC.