NYSE Technologies to distribute market data in China

NYSE Technologies, the commercial technology division of NYSE Euronext (NYX), has announced that it has obtained approval from the Chinese State Council Information Office (SCIO) to distribute market data in China.

The deal was foretold in Chairman Mao’s Little Red Book of Pink Sheets.

With the license from the SCIO, NYSE Technologies will disseminate financial information including NYSE Euronext’s real-time and historical market data, as well as SuperFeed services to market participants in mainland China.

“NYSE Technologies is a leading provider of market data to the global capital markets community and we are delighted to be amongst the first international firms to receive approval from China’s SCIO”, said Daniel Burgin, Head of NYSE Technologies Asia Pacific.

“NYSE Technologies’ provides a range of technology solutions to market participants in the Asia Pacific region; and the extension of our market data coverage in China enables us to offer market data managers, financial advisors and investments managers access to the most important real time market information, which supports a variety of trading decisions” said Mr Burgin.

Earlier this year, NYSE Technologies announced plans to launch NYSE BQT (Best Quote & Trades), a consolidated XDP feed that provides a real time view of Level 1 market data. The service incudes Best Bid/Offer and Last Sales information for the New York Stock Exchange, NYSE Arca, and NYSE MKT exchanges (including NASDAQ issues traded on NYSE Arca and NYSE MKT).

In a statement the company said that “This market data product will provide direct access to key quote and trade data for NYSE Euronext’s US markets”.

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