Vhayu to launch feed handler for Alpha alternative trading system

Alpha feed handler enables Velocity customers to connect with Canada’s new equities trading platform

Vhayu, the leading provider of enterprise tick data solutions, today announced the availability of a data feed handler allowing Vhayu Velocity™ customers to receive direct exchange feeds from Alpha Trading Systems Limited Partnership (Alpha Systems). Alpha Systems is responsible for the distribution of market data on behalf of Alpha ATS L.P. (Alpha ATS), an alternative trading system (ATS) being established by a consortium of Canada’s leading investment dealers.

Vhayu’s Alpha feed handler interoperates with other feed handlers in Vhayu Velocity, normalizes data from the exchanges, and gives trading organizations a faster and broader look at the market to uncover new opportunities. The Vhayu Velocity Orderbook Analyzer can now consolidate the market data from many liquidity providers to give users a complete, consolidated view of the markets.

“The Alpha Group, including Alpha System and Alpha ATS, was established to provide organizations trading Canadian equities with efficient, low latency trading services and market data,” said Jos Schmitt, President of Alpha Systems.

The Vhayu Alpha feed handler will deliver access to the tick data required for deeper visibility into the Canadian stock market and liquidity discovery. It will also support the creation of a blended order book with a single view of multiple sources of liquidity / venues for the same instrument. Vhayu Velocity customers will have the ability to capture and analyze real-time data from Alpha, and use it in conjunction with stored historical data to make better informed trading decisions.

“Vhayu’s Alpha feed handler will let our Velocity customers in Canada take immediate advantage of the opportunities presented by a newly competitive stock-trading market,” stated Jeff Hudson, CEO at Vhayu. “The new Vhayu feed handler for the Alpha Systems demonstrates once again our commitment to adding data sources into Velocity to help our customers better manage all real-time and historical tick data within a single platform. It will provide them with enhanced liquidity discovery capabilities and access to trading opportunities in both new and existing markets.”