Cboe Global Markets Inc. (Nasdaq: CBOE) on Thursday announced that its EDGX Depth market data product has now been made available for distribution across dxFeed Bookmap, a financial data visualization and analysis software.
Cboe’s EDGX Depth is a market data product that provides real-time market data feed, cost-effective, high-quality quote and trade information for the US equities market. The agreement will enable both the parties to provide deeper insights of the U.S. equities market for both professional and retail clients. Combined with dxFeed’s coloured heatmap technology, investors will able to gain insights of market dynamics to see order book, transaction, price movement, hidden patterns and liquidity at every price levels which will help in better decision making process.
EDGX serves as a major trading venue for US Cash and equities trading and preferred exchange destination for retail order flow from the largest discount brokerages. The partnership is a result of high-demand from different classes of investors those are looking to gain deeper market insights into the US equities market within a single platform.
Kevin Carrai, VP and Global Head of Market Data and Access Services at Cboe, said:
We’ve worked hard to make Cboe equities data adaptable for every sort of investor, and dxFeed Bookmap is an innovative, and exciting development for those looking to really dig into market dynamics.
Oleg Solodukhin, CEO of dxFeed, added:
“We are excited to connect more detailed data for analysis of market microstructure via dxFeed Bookmap. Accurate full order depth data sources from Cboe will enhance the dxFeed Bookmap application analytics, running with our next generation smart backend technology to provide market insight, pattern recognition, and actionable analysis.”
Tsachi Galanos, CEO of Bookmap, also noted:
“EDGX is considered one of the leading US exchanges offering full depth data and we are excited to offer it for the Bookmap trading platform. This valuable depth of market information, earlier used mostly by institutionals, is now available for individual traders. The сombination of Bookmap’s superior market visualization, along with the high quality data of EDGX provided by dxFeed creates a powerful tool for any US equities trader.”