Virtu launches data-as-a-service platform

Virtu Financial, the global market maker and provider of financial services and trading technology, has launched a new data-as-a-service platform based on Open Technology.

Open Technology hosts a growing catalogue of services and data endpoints enabled by a unified, high-performance application programming interface (API) architecture. The APIs allow subscribers to access normalised market-data calculations as well as enriched transaction cost data across equity, FX, fixed income and futures.

Open Technology provides access to Virtu’s calculated transaction cost analytics (TCA) results as well as Virtu’s curated and cleansed market-data APIs for clients to perform in-house analysis directly as well as API access to Virtu’s full suite of multi-asset market impact models.

“Our new product, Open Technology, is just one of the many new offerings that have come out of our multi-year infrastructure rebuild,” said Kevin O’Connor, head of Virtu’s broker-neutral Analytics and Workflow Technology division.

“At launch, the initial set of APIs address client demand for direct access to the data underlying their transaction cost analysis and our Open Technology platform makes this accessible, even for non-programmers.”