Recent market deregulation has caused a large decentralization of liquidity within the financial services industry. As a result, different liquidity pools must be constantly aggregated, analyzed, and compared. Rapidly growing data volumes make it increasingly difficult to maintain full transparency in the market. Ever more stringent compliance regulations such as RegNMS require best-price execution. This can only be achieved if traders and algorithmic trading systems have real-time insights into the breadth and depth of the liquidity pools at any given time. One of the main trading concerns today is finding sufficient liquidity at the right price and acting on it before the market moves away.

Skyler offers an off-the-shelf Skyler C3 Liquidity Discovery Solution that allows you to rapidly gain insights into, analyze, and act upon the available and changing liquidity in the different markets.

The Skyler C3 Liquidity Discovery Solution allows you to:

• Maintain the full depth of all order books in real time
• Aggregate across multiple venues
• Provide multiple aggregation views on a per user basis including market by order, market by price, and the omnibook
• Take in market by order and market by price feeds and aggregate them
• Embed custom indicator calculations that analyze and act upon the order book data
• Define venue specific business logic
• Publish order book snapshots as absolutes or deltas
• Maintain, monitor and intelligently manage feed and book states
• Be RegNMS compliant
• Achieve order book aggregation and distribution in less than 10 microseconds

As a result, Skyler customers are able to yield the following benefits:

• Significantly faster algorithmic trading applications and therefore higher margins.
• Ability to implement more sophisticated and powerful algorithms due to the flexibility and speed provided by the C3 Database.
• Shorter development times and far less complexity to develop the order book infrastructure.
• Trading infrastructure with minimal maintenance overhead.

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