Algo Tech Readies VoR Feed Service

The vendor has already applied for vendor-of-record status with exchanges and MTFs, and is waiting for the first clients of its low-latency direct feed service to go live before assuming the vendor redistribution fees and reporting obligations associated with that status, Misra says.

A handful of exchanges and tier-one banks are now benchmarking the performance of Algo Technologies' feed service-which aims to offer better performance at a lower cost than incumbent low-latency feed vendors

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