How will real-time data on mobile phones impact volume of trades?
Blue Systems, a provider of global financial information software, has made Chi-X Europe’s data available via blue mobile, offering a subscription service for Chi-X Europe participants in 2009.
Blue Systems has said that members will be able to receive real-time Chi-X Europe data on their mobile phone, with additional delayed feeds for London Stock Exchange, Eurex and NASDAQ data, real-time currency, oil and precious metals prices.
Blue Systems has also said that blue mobile provides professional and retail investors with a way to analyze global stock market information in their offices, at home, or on the move, 24/7. It provides low-latency market data to those who depend on the financial markets and want real-time content over interfaces.
Sulim Malook, CEO of Blue Systems, said: We recognize that the cost of viewing real-time data directly impacts the volume of trades made. Chi-X Europe provides its data free of charge and we are pleased it is partnering with Blue Systems to offer this bespoke subscription to its participants. We are delighted to bring the benefits of blue mobile to them.
Hirander Misra, Chief Operating Officer of Chi-X Europe, said: Since launch, Chi-X Europe has made its market data available free of charge and we are pleased to work with blue mobile to now offer our market data to our participants via mobile technology through a package tailored to them.