Invast Global, a provider of Prime Brokerage Services globally, announced this Thursday that it has partnered with Cboe, the largest options exchange in the United States, for global market data.
At the same time as announcing its partnership with Cboe, the multi-asset brokerage also revealed today that it has recently launched a fully integrated API solution for brokers.
Under the partnership, Cboe market data for United States and European equities have been incorporated in Invast Global’s newly-launched solution. This solution incorporates both market data and exchange execution for Single Stock contracts for differences (CFDs).
Invast Global API to provide DMA to CFD markets
It also provides live exchange pricing and long/short execution capability through Direct Market Access (DMA) to CFD markets, the statement released today said. Furthermore, the Sydney and Hong-based firm has also streamlined market data reporting, as Invast will act as the vendor of record to its broker clients.
Commenting on the partnership, James Alexander, Invast Chief Commercial Officer said: “The Cboe equities data packages offer outstanding value not just for us as data vendor and the point of execution, but also for our broker clients.”
“The fact that non-professional consumers of the data can access US and pan-European exchange data with no monthly access fees means that our Broker clients are able to disseminate this product to their customers in a much more cost-efficient way than has previously been possible. Ultimately this allows for brokers to distribute a more diversified range of products to more clients – which is a great result.”
Invast Global gives brokers, asset managers, and hedge funds access to execution, clearing and custody services across a range of global markets. These are foreign exchange (forex), equities, exchange-traded funds (ETFs), futures, and precious metals.
“We feel that providing a streamlined offering including data distribution, DMA execution, ongoing corporate action support, infrastructure set-up and market data reporting is a huge step forward in bringing genuine multi-asset trading capabilities to our broker clients. This diversification should allow them to grow their businesses, even in the face of an evolving regulatory landscape,” Alexander added.