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203 - Hero Blog

05.20.2024

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Market Data

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3 Min Read

The Power of NxCore Compression Technology Fueled by Financial Data from QUODD

Expand and Accelerate Your Access to Market Data

Imagine a data feed so fast it’s almost as if you’re located next door to the exchange—except in this low latency world you can be located anywhere. And it’s not just one exchange, it’s more than 20 North American exchanges all compressed into a single feed. The cherry on top: this accelerated speed and expansive access is affordable, giving you a trading edge while preserving your margins.

This trading dream world is real with QUODD’s partnership with Nanex’s NxCore market data. Whether you’re a quant firm, an online trading platform, or a solo trader, your ability to take advantage of real-time data for trading more efficiently or designing investment strategies increases exponentially thanks to the power of Nanex’s NxCore compression technology fueled by financial data from QUODD.

Read on and take a closer look at how this partnership elevates your capabilities or contact us to get access.

 

One part QUODD: Affordable, comprehensive market data

Opportunity can appear at any time on any exchange. If you’re crunching the numbers, feeding them into your algorithms and machine learning programs, you’re consuming terabytes of tick-by-tick real-time data points.

Today, successfully trading equities, options, futures, and indexes from NASDAQ to NYSE,, CME to ICE-US requires an unimaginable amount of data. Because this data load is so enormous, most data vendors make you choose a limited number of symbols. But what happens when opportunity happens outside your selection? These opportunities never appear on your radar.

That’s why QUODD developed a partnership with Nanex as an efficient way for market participants to receive real-time data. We’ve leveled access so you can get financial market data wherever you want, whenever you want, without taking a big bite from your profits. Through Nanex, you can also get historical data going back to 2004—access an extensive data inventory for developing and fine-tuning models and algorithms. Total visibility plus convenient access means you’re positioned to recognize and act on the opportunity the instant it arrives. 

 

One part Nanex: NxCore data compression

With our flexible data feed model, QUODD eliminates every barrier to comprehensive market data. But for some, how much is enough? If you could call every symbol in each exchange, it would quickly exceed your bandwidth and hardware limitations. That’s where Nanex’s NxCore data compression comes in. With blazing-fast compression technology, NxCore pushes all of the symbols in each exchange to you. Our partnership enables you to have as much as you want.

 

The power of compression fueled by comprehensive data

With the combination of QUODD and NxCore, data is broken out at the exchange level, not the symbol level, like some of the major players. With no symbol limits, you get every symbol in every exchange you subscribe to. NxCore is the only internet-based market data solution that delivers this deep coverage. When milliseconds count, this ultra-high speed data flow is the closest thing to having a direct connection to the exchanges without having to deal with the hassles of licensing, IT or infrastructure issues of being co-located to exchanges. The QUODD-Nanex partnership delivers the trading advantage right to your terminal—at a fraction of the cost.

 

One-stop for fast data feeds

By working together, QUODD and Nanex make it easy to get all the data and service you need. You get exponentially more power, but just one consolidated invoice—along with a unified customer service team.

The QUODD-Nanex partnership makes customer service simple. There’s only one QUODD customer service number you need to call for service questions. (Should you need technical assistance, the experts at Nanex are always ready to supply support).

QUODD’s customer service also makes sure that you have the exchange licenses you need and collects the exchange fees—eliminating the risk of back billing. Too many firms have found themselves knee-deep in a bureaucratic quagmire trying to sort through each exchange’s specific rules and pricing structures. We alleviate that paperwork.

Worse, some firms suddenly find themselves burdened with an unanticipated large user charge. When your team should be working on trading strategies and using funds to generate returns, you don’t want to divert time and financial resources to dealing with exchange administration. We make sure you are billed accurately.

The QUODD-Nanex relationship revolutionizes how financial market data is consumed, strategies developed, margins protected, and opportunities realized. Contact us to learn more about how you can take advantage of the power of Nanex’s NxCore compression technology fueled by financial data from QUODD.

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Other Question Frequently Asked

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05.31.2024

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Exchange Fees

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Why do I have to pay QUODD and the exchange to use data?

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05.31.2024

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What are exchange fees?

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05.31.2024

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Exchange Fees

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Can I buy real-time data without a license from the exchange?