MarketPrizm is a technology and connectivity infrastructure which provides access to the entire European trading ecosystem and addresses the unique challenges facing algo traders in post-MiFID Europe, including:

• Liquidity fragmentation - Today algorithms must search across multiple venues for best execution opportunities. The task of aggregating market data and order books across venues, instruments and currencies to present a consolidated view of the market, whilst taking into account time and cost of execution, requires a sophisticated infrastructure.
  
  
• Latency and the race to execute - Traders need fast access to data to make trading decisions, and the connectivity and venue access to execute them quickly. Latency can be a factor in all stages of the trading process, so it is critical to minimise it wherever possible.
  
  
• Network connectivity - The continuing emergence of new trading venues and marketplaces increases the complexity and cost of connecting to home and away markets.

MarketPrizm has been purposely designed to alleviate the cost and operational overhead involved in trading in this complex, dynamic environment.

How does it work?

MarketPrizm is unique in that it provides a full-featured algo trading and technology infrastructure solution - delivered as a service. This means that we take care of all installation, monitoring and maintenance of the entire trading infrastructure. As MarketPrizm is delivered to you as a service, you are free of the cost and resource-drain of maintaining the required hardware, software, data feeds and network connectivity.

• MarketPrizm’s multi-venue market data facility acquires, aggregates and filters market data into an optimised stream, which is transferred to the algo trading stack. This service includes a suite of feed handlers for a range of European market data source feeds.
  


• Order routing and execution. MarketPrizm can be deployed with options for Smart Order Routing in conjunction with our best-of-breed partners, as well as gateway connectivity.
  


• PrizmNet™ is MarketPrizm's European trading venue connectivity network. This high-speed, ultra low-latency network connects MarketPrizm clients to the venues they need in order to fulfil their trading strategies. PrizmNet is the fastest, most reliable connectivity network available, with the full multi-carrier redundancy you expect in a mission-critical system.
  
  Each venue is part of the MarketPrizm mesh network, providing greater flexibility and faster performance than central single hub designs. MarketPrizm’s wide network and flexible infrastructure allows you to select the precise solution you require for your specific business.
  

MarketPrizm facilities cover each stage of the algo trading cycle, from acquiring the data you need, to minimizing latency, to connecting to "host" and "away" markets, to improving algorithm execution and order routing through our flexible deployment options. Click the image below to see how MarketPrizm fits into the algo trading cycle.