Activ Financial, Megaport Partner on Market Data
ACTIV Financial, a leading vendor of financial market data sourcing for more than 220 exchanges globally, joined the Megaport reseller network to make its content more widely and reliably available on a global scale, most notably into public and private clouds.
ACTIV offers a variety of solutions making them the only truly end-to-end, independent market data utility in the industry. Their offerings include feeds covering equities, derivatives, forex, financial newswires, reference, company fundamental and historical data, all of which are accessible through a modern set of APIs that can satisfy all use cases from algorithmic trading and risk management to financial websites. Today’s announcement makes it clear that ACTIV’s commitment to promoting innovation in financial technology and services will only continue to mature.
Megaport is a global leading Network as a Service (NaaS) provider The Megaport Software Defined Network (SDN) enables customers with the ability to connect with on-demand, dedicated capacity to any endpoint on the Megaport network including to leading cloud service providers like AWS, Azure, IBM Cloud, Google Cloud Platform, Oracle Cloud, Alibaba Cloud, and Salesforce. Customers right-size their connections to ensure they can scale services while optimizing costs – all of which is enabled via Megaport’s intuitive web-based portal or direct API integration. Megaport Cloud Router (MCR) enables virtual routing capabilities to unlock greater traffic control and enables use cases like cloud-to-cloud and virtual points of presence.
Key points / highlights
- On-demand, pay-as-you-go connectivity provisioned in 59 seconds or less
- Connectivity to over 230 data centres globally, including major financial markets like New York, Chicago, Frankfurt, London, Sydney, and Hong Kong to support hybrid cloud and IT backbone
- Multi-cloud connectivity through one platform
- Global ecosystem of over 300 service providers including top global CSPs
- Near real-time connection management from anywhere, anytime via API or Web-based Portal
- Cloud-to-Cloud connectivity with Megaport Cloud Router
- Direct cloud connectivity enables consistent performance and improved security
“ACTIV Financial is excited to expand its support of the FinTech community through this new partnership with Megaport. Our institutional-quality market data, accessed through a wide range of APIs servicing every facet of financial services, will enable creative entrepreneurs to build cutting-edge cloud-based applications that will shape the future,” said Mike Misiaszek, Global Head of Sales at ACTIV. “ACTIV will serve as the leading market data provider behind the next generation FinTech ecosystem by offering the content, development tools, and support for accelerated access and easy integration.”
“We are delighted to partner with ACTIV Financial to make it easier for the FinTech community to get access to critical market data services,” said Vincent English, CEO of Megaport. “Our ability to enable rapid provisioning of secure, elastic connections, is perfectly suited for the high-demand, rapid-paced FinTech ecosystem. Mission critical data must flow as efficiently as possible as constraints only inhibit growth and performance. Reducing the time to acquire services and reducing connectivity complexity frees business stakeholders to focus on innovation and growing their core business.”
STA's Jim Toes says without both, the industry will go downhill.
Customers demand more complex and highly scalable cryptocurrency data solutions.
Does a de facto exchange subsidization for Wall Street giants disadvantage smaller brokers?
Industry litigation and public war of words make SROs wary of negotiating.
Is it time for the SEC to take a page from MiFID?