Quincy Data, backed by McKay Brothers, has incorporated MEMX market data into its New Jersey Metro Quincy Raw Data (QRD) service.
QRD is used to deliver MEMX data with minimal latency to major US stock trading hubs in Mahwah and Carteret, New Jersey.
QRD services were first launched in 2019 and have since been adopted by banks, hedge funds, and market markets, leveling the playing field especially for ultra-low latency stock market data.
“MEMX has gained significant trading volume in a very short period of time,” said Jim Considine, chief operating officer at Quincy Data.
“We are excited to add MEMX data to our QRD service and are pleased to be able to offer it with the lowest latency in Mahwah and Carteret.”
Market data feeds for the 10 major U.S. stock exchanges are provided by Quincy Data’s NJ Metro raw data service. In addition, stock and ETF market data in native trading format is provided by QRD.
Earlier this month, MEMX introduced fees for real-time stock market data. Subject to U.S. Securities and Exchange Commission (SEC) approval, we offer a comprehensive fee of $0.01 for both professional and non-professional users, offering an inexpensive service compared to other stock exchange operators It is intended to.
