MayStreet Adds DaaS for US Equities, Futures & Options
The firm plans to extend the service to Europe and Asia in the coming months.
The data-as-a-service (DaaS) offering combines GPS packet-capture data (.pcap) collected at each liquidity site and cloud-based computing resources, and is aimed at prop-trading shops and latency-sensitive hedge funds and investment banks.
Patrick Flannery, co-founder and CEO of MayStreet, tells WatersTechnology that clients were asking for more accurate timestamps and the ability to access all data fields on their networks
"What led us to do this was being able to offer a lot more value and
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