SCIENCE

NYSE Technologies and MDX Technology announced a strategic alliance to provide MDXT ConnectExcel, a new data analysis tool that allows traders to stream and analyze real-time normalized market data directly in Microsoft Excel 2010 using an array of industry-leading data products offered by NYSE Technologies.

MDXT ConnectExcel allows for subscription and publication of data via the NYSE Technologies Middleware Agnostic Messaging API (MAMA) platform, enabling traders and analysts to consume and publish real-time market data directly on Microsoft Excel. MDXT ConnectExcel is a valuable tool further enhancing the NYSE Technologies product suite, allowing enterprises to further utilize the high-performance NYSE Technologies Feed Handlers and Data Fabric middleware. Normalized market data can be brought directly to Excel where native features such as large spreadsheet support and multi-threaded recalculation facilitate decision-making for traders and analysts. MDXT ConnectExcel caters for highly efficient data management through the use of intelligent caching and takes advantage of the latest enhancements in Excel. In addition to MAMA, multiple data sources are supported by MDXT ConnectExcel including Reuters, Bloomberg and TIBCO.

Users can also benefit from the Windows High Performance Computing Server to burst into Excel and offload parallel calculations to on-premises and cloud-based server resources. This gives financial professionals the ability to seamlessly execute complex algorithms on large datasets, combining the best of desktop and distributed computing.

“Traders rely on their ability to make fast, strategic decisions with information grounded in a diverse, reliable analysis of the market,” said Stanley Young, CEO, NYSE Technologies. “NYSE Technologies is committed to providing our customers with the market data and technology necessary to make those decisions more effectively. MDXT ConnectExcel will give them a powerful tool to better utilize the software they already use with data delivered by our industry-leading products.”

“Our pricing and risk platform is constantly evolving, and providing the traders and financial engineers with the ability to incubate new risk models is absolutely critical to our business,” said Harish Rao, group head of pricing and risk, CMC Markets (a user of NYSE Technologies MAMA, MDXT ConnectExcel and Excel). “We are faced with the daunting challenge of managing subscriptions to tens of thousands of instruments across a diverse set of asset classes, ranging from FX to commodities, indices and equities. MDXT worked very closely with us to understand our specific requirements, and its expertise in handling extremely large volumes of data on the desktop has been invaluable in implementing the technology in CMC Markets.”

“Our alliance with NYSE Technologies is very important, giving us true global reach including distribution and support,” said Paul Watmough, chief executive officer, MDX Technology.

“In today’s constantly changing market environment, financial services firms need to be able to access, share and analyze market data in real time. One of the keys to meeting this need is giving traders and analysts the tools to unlock this information,” said Joe Pagano, managing director, Banking and Capital Markets, Worldwide Financial Services, Microsoft Corp. “This solution delivers that power within the familiarity of Excel that users know and love, and we’re pleased to be working with NYSE to help our customers become more competitive.”

This solution stems from the broader relationship between Microsoft and NYSE Technologies, which combines the expertise of the two companies to deliver data, services and applications to capital markets firms.