Forefront Communications

The TRADE News: MayStreet Expands Platform with MEMX and MIAX Data Feeds

MayStreet

Alexandra Hamer

Alexandra Hamer

MayStreet has expanded its platform to include US equities data feeds from upcoming exchange groups MEMX and MIAX as they prepare to officially launch later this month.

The market data provider is now offering top-of-book and full-depth-of-book data feeds for each exchange including MEMOIR Depth, TOP, and NLS for MEMX, and MIAX PEARL Equities DoM and ToM for MIAX.

It is directly collocated with each exchange in their primary data centre, NY4, as well as in their respective backup data centres for redundancy and error correction.

“MayStreet has long been committed to providing the highest-quality data feeds possible across a wide range of asset classes globally,” said MayStreet CTO and co-founder, Michael Lehr. “With the launch next week of two new high-profile US equity exchanges, we’re pleased to be ready for Day One at each and help our clients ensure that they are meeting their Best Execution obligations.”

New exchange groups MEMX and MIAX are due to launch on 21 September and 25 September respectively. Both trading venues are backed by major financial institutions and are set to challenge incumbent US exchange operators, Nasdaq, Cboe, and NYSE.

In July, MayStreet expanded its US cash treasury data portfolio with the addition of Fenics US treasuries data feed. The expansion added BGC-owned Fenics USTreasuries (Fenics UST) electronic US government securities trading platform to the already existing list of feeds that includes CME’s BrokerTec and Nasdaq fixed income platforms.

Just prior to that, the market data specialist raised $21 million in a recent funding round, which was led by Credit Suisse Asset Management’s NEXT Investors. MayStreet was founded in 2012 as a platform to help firms manage increasingly complex data requirements.

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