DirectPlus is now entering production, providing data from the New York Stock Exchange and NYSE-Arca, Nasdaq and the Direct Edge ECN, according to Real-Time Services president Mark Hepsworth, who says that its first client—trading software vendor TradingScreen—is currently in the migration process.
To date, TradingScreen is the only client to sign up for the service, though Hepsworth says DirectPlus is still in its "early days." He expects demand to increase over time from smaller hedge funds
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails