LONDON and NAPLES, Florida, September 28, 2018 /PRNewswire/ --
Liberating Commodities & Energy trading firms & Financial Institutions from the restrictions of the market data vendor monopoly
'On demand' commercial model like the entertainment industry's approach to content provision
MDX Technology, the leading provider of real-time data distribution solutions for the global trading community announces the launch of Project IOWA. Project IOWA is game changing for both data content creators and data content consumers. Underpinned by the proven MDX Technology which is already in use by major trading firms across the globe. Project IOWA is a modern data driven ecosystem designed to redefine the way content owners and content subscribers can meet and transact business using flexible, multi-channel subscriptions to data. It will liberate both content owners and subscribers from the restrictions imposed by the current market data vendor monopoly by providing easy access to a much-needed alternative venue at significantly lower cost.
Market data remains one of the most expensive items for every trading firm. Reducing costs, together with establishing content ownership are two major factors in the drive to change long established and restrictive working practices. In many cases Project IOWA could help to reduce the continuing dependency on proprietary market data terminals with a more open approach which will provide significant benefits to the user. Not only will they be able to achieve much needed cost savings, but it will also put the content creators back in the driving seat by enabling them to provide faster, easier and cheaper access to premium or hard to find data sources, such as marine and nuclear fuels, to a wider audience on a venue of their choice.
The first public showing of Project IOWA will be at the 94th Annual IECA Conference which is taking place at the Naples Grande Beach Resort in Florida between 30th September and 3rd October 2018.
Read more here.
MDX Technology is the leading provider of a highly flexible, bi-directional data connectivity, collaboration and distribution platform ensuring all our users get the data they need, where and when they need it - on time, every time. The company is headquartered in London, with sales and customer support representation in all the major financial centres. For more information, go to http://www.mdxtechnology.com.
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SOURCE MDX Technology