MarketPrizm™ is a technology suite designed to address the unique challenges facing algorithmic trading in post-MiFID Europe:

• Liquidity fragmentation - Where once there were limited options for trading a particular instrument, post MiFID algorithms are forced to search across multiple venues for the best execution opportunities. The task of aggregating data across venues, instruments and currencies to present a consolidated view of the market, whilst taking into account time and cost of execution, requires a new level of sophistication.
  
• Latency and the race to execute - Today, successful traders have the ability to acquire and process data, make trading decisions and execute them quickly. Latency is a factor in all stages of the trading process, so it is critical to minimize it wherever possible in order to achieve fastest execution.

MarketPrizm directly addresses these challenges. Its component services work together to form an end-to-end trading solution.

• MarketPrizm’s multi-venue market data functionality acquires, normalizes, filters and enhances market data from European trading venues you need for trading.
  
  
• TradingPrizm MarketPrizm can be deployed with options for Smart Order Routing in conjunction with our best-of-breed partners, as well as gateway connectivity.
  
  
• PrizmNet is MarketPrizm’s European trading venue connectivity network. This high-speed, ultra low-latency network connects MarketPrizm clients to the venues they need in order to fulfil their trading strategies. PrizmNet is the fastest, most reliable connectivity network available, with the full multi-carrier redundancy you expect in a mission-critical system.

All aspects of data management in the algo trading cycle are addressed by the MarketPrizm technology suite, freeing the algo trader to concentrate on developing the strategies to optimize execution opportunities. Click the image below to see how MarketPrizm fits into the algo trading cycle.