Market data provider dxFeed has partnered with US-based brokerage Options AI to support its ETFs, spread trading-focused platform with new functionality.
, which include depth of market data along with bid/ask and traded volume information, will strengthen the Options AI platform. Its interface offers insights into the behavior of other market participants, which influence the price movement, and allows users to analyze the historical order book evolution, track DOM liquidity, and HFT algorithms.
“When launching a radically new trading platform, where option chains have been removed and the complexities of options spread trading made simple through a powerful visual interface, we required a data partner that could support our very specific needs,” said John Foley, CEO of Options AI.
dxFeed is specialising in providing data on equity options, equities, futures, indices, mutual funds and FX from multiple exchanges worldwide. The company is a daughter company of .
It has recently announced a partnership with Cboe Global Markets to make its EDGX Depth market data product is now available for distribution across dxFeed Bookmap, a financial data visualization and trading platform with heatmap technology.
Both firms said the partnership is the result of high demand from retail and institutional investors looking to gain deeper insights into the U.S. equities market on a single platform.
The combined offering also allows users to detect hidden patterns, understand the situation and liquidity at every price level, arming them with a more robust offering that greatly increases the visibility and adoption of market data.
Oleg Solodukhin, CEO of dxFeed added: “We are always looking for non-standard solutions to common problems as a way to express our ingenuity and to expand our portfolio of services with innovative products. Options AI is a great partner in sharing these ideals and we hope that this collaboration will prosper in the future.”
dxFeed Teams Up with Options AI Trading Platform on Market Data
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