MDX Technology releases MDXT Connect Version 3
The MDXT Connect platform is: a “universal” Excel add-in for accessing real-time market data helping financial institutions optimise their subscription and publication, rationalise legacy add-ins and save costs; a multi-source abstraction layer and common API for accessing real-time market data helping application developers accelerate their delivery and; a lightweight internal data sharing solution helping users share their key data more efficiently driving more profitable trading activity in the Commodities, Energy and Financial markets.
Richard Gissing, CTO of MDXT, commented “The most significant new feature in version 3 of Connect is support for realtime replication of shared-data caches between any number of servers. This allows customers of our data sharing solution to implement a fully resilient deployment that can mirror data across multiple servers. Additionally, customers with multisite deployments can reduce network traffic between sites by having the users at each site connect to their own local instance of a cache and replicating the changes between the servers at each site.”
MDXT’s lightweight internal data sharing solution is in use by a number of global investment banks and brokers where sharing of real-time price information is critical. One bank has implemented MDXT Connect to extract live pricing data from its trading platform, build rich pricing and analytics and disseminate this data to its sales force around the globe vastly improving the communication between the sales and trading teams and better serving its customers. At an inter-dealer broker, MDXT Connect is used to share price indications between globally dispersed teams leading to a more efficient service for its dealer clients.
“Connect version 3 marks a significant step forward for MDXT, driven by customer demand for server-side components for internal data sharing that are independent of traditional market data platforms, and will pave the way to developing other server-based solutions” said Paul Watmough, CEO of MDXT.