TradeTech Establishes New Exchange Partnerships

TradeTech Group said on Thursday that it has formed a new set of partnerships with 18 exchanges from across the world.

The deals mean that the group can provide clients with real-time market data covering over 4,000 products.

In a statement, TradeTech said that the new partnerships could reduce market data costs for clients. Currently, many brokers have to form relationships with exchanges that, due to compliance and licensing costs, are generally very expensive.

Compliance worries

For older firms with plenty of capital, this is a headache but not stopping them from doing business. But some executives that Finance Magnates has spoken to have said that, for smaller firms, these costs are actually preventing them from making money.

“Market data is always a challenge for many Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term brokers, as well as more mature brokers struggling in this increasingly difficult market," said Muhammad Rasoul, a director at the TradeTech Group.

"[TradeTech] helps brokers focus on what really drives value, which is getting more customers. It’s extremely costly to an organization to manage market data, particularly when you factor in the associated agreements and infrastructure required as well.

"We help reduce, or completely remove, these costs and allow brokers to get back to focusing on acquiring their end customer. Clients that take both Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and market data from our group very often remove these costs entirely.”