“For many years, market makers of cross-listed securities had only one service provider competing with private trading firms’ wireless networks. We’re pleased to introduce the lowest latency wireless network on a level playing field to all subscribers.”
McKay Brothers claims it has deployed the lowest known latency private bandwidth between key New Jersey equity exchanges and TMX Group exchanges in Markham, Ontario.
The firm’s newest network connects equities markets at the NYSE in Mahwah and TMX Group’s exchanges in Markham in less than 1.754 milliseconds one-way (measured between the Mahwah carrier room and the TMX colo hall in Markham), McKay announced.
Market makers of cross-listed securities offered more choice
Bob Meade, co-founder at McKay Brothers, said: “For many years, market makers of cross-listed securities had only one service provider competing with private trading firms’ wireless networks. We’re pleased to introduce the lowest latency wireless network on a level playing field to all subscribers.”
McKay Brothers stated the newest wireless network is part of a growing commitment to serve Canadian markets, which effectively started in 2022 when McKay’s sister company, Quincy Data, began providing what it claims to be the lowest latency market data service from CME to TMX.
Last year, McKay said it launched the lowest latency private bandwidth service from the CME in Aurora, Illinois to TMX in Markham. McKay’s wireless networks have been live in North America since 2012, Europe since 2014, and Asia since 2016.
The company’s transpacific network went live last year, connecting the CME with trading hubs in Tokyo, Shanghai, Hong Kong, and Singapore.
Quincy Data is recognized as the leading distributor of extremely low latency market data via its global QED platform. McKay and Quincy have leveled the playing field for access to the fastest connectivity between financial markets and the most up-to-date market data.
McKay distributes Cboe UK cash equities raw data at LSE
In July 2023, McKay Brothers International launched its low latency market data service, distributing Cboe UK cash equities raw data at the London Stock Exchange via its wireless QRD service.
Cboe UK equities data is sourced at Slough-LD4 and distributed at the LSE’s Telehouse North 2 data center. The QRD service distributes the full Cboe UK CXE and BXE feeds in their native exchange format.
McKay Brothers International distributes both raw and normalized market data to key exchange-trading European hubs in London, Frankfurt, Bergamo/Milan, Zurich, and Madrid. The company sources data from the world’s most important financial exchanges, including Eurex, ICE-Liffe, the London Metal Exchange, Cboe, and the CME Group. MBI’s extensive ultra-low latency European private bandwidth services connect the UK, Frankfurt, Zurich, Milan/Bergamo and Madrid.
Also in 2023, McKay Brothers International’s Josada team extended its lowest latency market data service into Shanghai, by connecting to local exchanges such as the Shanghai Futures Exchange (SHFE) and Shanghai Gold Exchange (SGE).
The firm’s QED service provides low latency connectivity for select CME and ICE Futures market data, including energy, metals, FX, agricultural/softs, and equities.
McKay’s Quincy Extreme Data (QED) platform is a normalized market data feed of select instruments from leading financial exchanges around the world. QED services are tailored to meet the needs of both: firms seeking the lowest latencies as well as firms whose value equation focuses on latency improvements over even the fastest fiber.
