“Our pre-deployed technology stack and tick data combined with Magtia’s advanced symbology expertise will offer clients an industry first for interoperability and the most efficient and reliable cross-referencing data platform for multi-asset class content.”
Options Technology has announced a partnership with Magtia, a financial symbology platform provider specializing in data mapping for front, middle, and back-office trading systems.
Customers will gain access to bespoke API connectivity combined with enhanced symbology and cross-referencing capabilities, fully integrated with Options’ pre-deployed technology stack which consumes, translates, and broadcasts normalized and historical tick data to clients worldwide, delivering comprehensive access to multi-asset class market data.
Magtia is used by the finance industry to resolve instrument identification issues, streamline processes, and open their businesses to any client regardless of the financial market identifiers they use. The firm’s XMAP solution provides a mapping of all exchange-traded instruments globally and is refreshed daily before each market opens.
Options provides connectivity to hundreds of venues worldwide and fully managed infrastructure for firms looking for private financial cloud services, combining hosting with direct market access, TCO reduction, and best-in-class resiliency and security.
Cross-referencing data platform for multi-asset class content
Danny Moore, President and CEO of Options, said: “We are delighted to announce our partnership with Magtia to deliver next-level market data solution architecture to our customers across the capital markets. Our pre-deployed technology stack and tick data combined with Magtia’s advanced symbology expertise will offer clients an industry first for interoperability and the most efficient and reliable cross-referencing data platform for multi-asset class content. We are very excited to partner our services and enable our clients to capitalize on reduced deployment time and bespoke symbology tools, alongside Options’ state-of-the-art enterprise market data feed.”
Phil Straszynski, CEO of Magtia, added: “We have worked with Activ Financial for many years and we are delighted to continue that valued partnership with Options Technology. Together with Options’ advanced capital markets infrastructure and enterprise market data feed, Magtia’s symbol mapping platform provides a comprehensive cross-referencing service for the financial markets, enabling clients to extend their services to organizations using different data feeds and symbologies.”
The partnership with Magtia follows recent moves by Options Technology, including its team-up with TraderEvolution, a new Microsoft Cloud Security specialization, and its partnership with Dukascopy.
The firm serves clients globally with offices in New York, London, Belfast, Cambridge, Chicago, Hong Kong, Tokyo, Singapore, Paris, and Auckland.
