High-Frequency Traders Once Again Flat Out Buying Data Ahead of You

High-Frequency Traders Once Again Flat Out Buying Data Ahead of You

High-Frequency Traders Once Again Flat Out Buying Data Ahead of You

Fitch Ratings on Wednesday became the latest provider of market-moving news to streamline a path to high-frequency traders.

In a contract announced Wednesday, German exchange operatorDeutsche Boerse AG DB1.XE +2.13% (DB1.XE) will now distribute a computer-readable “low-latency” version of Fitch’s ratings decisions. Clients of Deutsche Boerse with superfast computers, algorithmic-trading software and access to the exchange company’s data centers around the world will now be first to trade on nearly every ratings decision from Fitch.

“By adding Fitch ratings data, we are enabling AlphaFlash clients to instantly react to rating changes, which can have a huge market impact,” said Georg Gross, head of Front Office Data and Analytics at Deutsche Boerse.

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About yocijourney

God does not play dice
This entry was posted in Breaking News, Business, Finance, High Frequency Trading, high-frequency journalism, Insider Trading, knight capital, Market Making, Regulatory Updates, Treasury, U.S. Economy and tagged , , , , , , , , . Bookmark the permalink.

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