Most financial firms rely upon multiple sources of market data for trading. When a primary feed goes down, trading applications are switched over to a secondary feed. But switching between primary and secondary feeds can be an issue. It requires manual intervention at best, and system reconfiguration at worst. On top of that, each data source may have different data available for the same instrument. The use of one data source excludes valuable data from another. However, this diversity of feeds, and diversity of instrument data poses problems.
Skyler FeedSwitch enables automated management of the various information feeds. It allows organisations to prioritise and choose between a range of data sources for instruments. When your primary source goes down, it seamlessly and instantly switches over to a secondary.
Typical Applications
- Enterprise market data systems
- Data feed migrations
- Quality control of market data
- Systems Integration
Product Description
Most financial organisations rely upon multiple sources of data for trading. Managing these sources is essential to minimise downtimes and trading interruptions. FeedSwitch provides easy and sophisticated data source management.
Where an organisation has multiple data feeds, it usually has to choose which vendor or feed to use as the primary source for its trading applications. When a primary feed goes down, trading applications are switched over to a secondary feed. Usually, switching between primary and secondary feeds requires manual intervention or system reconfiguration.
FeedSwitch alleviates this problem. It enables several services to be configured as price sources. Administrators allocate priorities to each of the available sources, ensuring that the best data sources are always used first. In the event of feed failure, FeedSwitch instantly and seamlessly switches between sources in order of their configured priority. This allows client applications to continue trading with no administration intervention or interruption in service.
FeedSwitch also simplifies the work that client applications have to do in subscribing to instrument data. Typically, vendor or exchange feeds describe the same instrument with their own symbols. Using a particular feed requires the use of that feed’s symbol. Switching over to another feed requires the use of a different symbol. FeedSwitch allows the use of an "umbrella" symbol to refer to all an instrument’s symbols across feeds. Subscribing client applications now need only use one symbol, with access to all underlying data, regardless of
the nominated primary source of data.
Overall, this allows an organisation to concentrate on trading, rather than managing individual feeds and consolidating instrument data.
Smart software for smart trading