|
 SKYLER C3 DATABASE PROVIDES SOLUTION FOR REGNMS COMPLIANCESkyler Technology, Inc. offers a comprehensive solution to the financial services industry to meet the rigorous demands of Regulation National Market SystemsWALNUT CREEK, CA, January 29, 2007 - Skyler Technology, Inc., an innovator in providing in-memory databases for real-time processing of market data for the financial services industry, announced today that its C3 Database offers a compelling solution to satisfy the technological requirements created by Regulation National Market Systems (RegNMS). “RegNMS presents a significant change in trading frontier. Our goal is to make compliance easier for firms while maintaining the speed of their low latency trading infrastructure,” explains Michael Lenahan, Skyler’s President and COO. RegNMS aims to ensure best prices through equal access to quotes. It will force every company involved in the matching of orders to re-examine their trading infrastructure, and subsequently yield significant overhauls in the technological landscape of Wall Street. RegNMS requires companies to show proof of best execution when sending out an order. Skyler’s C3 Database offers a unique way to accomplish this. When an order is sent out, the C3 Database allows you to capture the order information, NBBO, and top levels of the order book simultaneously. By virtue of its incredible flexibility, C3 can be embedded into trading or smart order routing applications as a shared library or run as a standalone server. This results in synchronicity of the captured information which is then stored and easily retrieved for compliance purposes. Skyler provides feed handlers for direct exchange feeds and adapters to standard feed handling infrastructure. Additionally, due to the flexible data model, C3 can easily accommodate proprietary quote feeds as well. “We have studied RegNMS and its technological consequences. Our C3 Database is not only fast and flexible, but it offers a comprehensive solution for RegNMS compliance,” Valerie Bannert-Thurner, Vice President of Business Development, confirms. Skyler C3 Database is a real-time in-memory database tailored to the needs of the capital markets. The C3 system can be applied to power real-time applications including: order book servers, algorithmic trading engines, smart order routing applications, ticker plant systems, and much more. Skyler Technology, Inc. is a privately held company located in Walnut Creek, California. For more information or a free trial, please contact Valerie Bannert-Thurner at (925) 952-4880. |
Skyler Partners with Fixnetix for Hosted Aggregated Order Book Service