Vendors Begin Testing GMEX Feeds, Driven by Buy-Side Demand

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Four vendors are currently testing GMEX's feeds, and a further two have completed the process and are ready to go live, says chief executive Hirander Misra, though he declines to name participating vendors at this time, citing non-disclosure agreements. "At the moment, we have NDAs around the vendors, but one vendor is focused on order routing and market data, and the other covers market data and routing, but does data redistribution as well," he says.

The feeds will provide order book data from