Virtu launches data-as-a-service platform Open Technology

Maria Nikolova

Open Technology provides subscribers with access to APIs through Virtu’s Portal covering equity, FX, fixed income and futures.

Virtu Financial, Inc. (NASDAQ:VIRT) today announced the launch of Open Technology, a new data-as-a-service platform.

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

Virtu’s TCA products are offered through Virtu’s broker-neutral Workflow Technology and Analytics division which is used by many buy-side and sell-side firms across the globe to help monitor, analyze and improve their quality of execution. Future APIs built on the Open Technology platform will enable access to data and services from other Virtu businesses including Workflow Technology and Execution Services.

Kevin O’Connor, head of Virtu’s broker-neutral Analytics and Workflow Technology division, explains:

“Our new product, Open Technology, is just one of the many new offerings that have come out of our multi-year infrastructure rebuild. 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.”

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