Global financial data solutions and index management company, dxFeed, has unveiled a significant project involving Infrastructure as a Service (IaaS) for Tradu, a multi-asset trading platform catering to active traders and investors.
In a strategic partnership, dxFeed assumes responsibility for managing vital infrastructure and delivering data services to Tradu, allowing the trading platform to focus on its core business objectives.
DxFeed brings its robust IaaS capabilities to address the technical complexities of delivering market data to end-users.
The primary goal of this collaboration is to simplify global data access for Tradu users worldwide.
It achieves this by granting authorization tokens for seamless access to market data from major exchanges in the EU, US, Hong Kong, and Australia, thus enhancing Tradu’s global reach.
Brendan Callan, CEO of Tradu, emphasized the necessity of expanding their multi-asset trading platform, stating, “When we were thinking of our new sophisticated multi-asset trading platform for active traders and investors, we realized we needed a highly competent, professional team to deploy the infrastructure, taking into account the peculiarities of our processes and services.”
DxFeed’s scalable low-latency infrastructure guarantees the delivery of consolidated market data from various sources to clients across Asia, the Americas, and Europe.
It is designed to swiftly adapt to evolving performance requirements, ensuring a seamless experience for Tradu’s users.
A noteworthy aspect of this partnership is the introduction of exclusive data feed services designed specifically for Tradu’s Stocks platform.
In addition to infrastructure support, Tradu benefits from dxFeed’s Stocks Radar, a comprehensive market analysis solution seamlessly integrated into the platform.
This Software as a Service (SaaS) offering simplifies complex analytical tasks, delivering added value to traders and investors.
Oleg Solodukhin, CEO of dxFeed, noted the expanding appeal of the Market Data IaaS model among various businesses.
This approach is gaining traction, catering to both agile startups seeking rapid development and established, prominent brands recognizing the strategic benefits of entrusting market data infrastructure to specialized firms.
In summary, dxFeed’s IaaS project with Tradu signifies a strategic collaboration aimed at enhancing market data access and infrastructure management for the multi-asset trading platform.
This partnership ensures a seamless user experience while enabling Tradu to concentrate on its core business functions.
Additionally, the introduction of exclusive data feed services and analytical tools further enhances the platform’s capabilities, delivering value to traders and investors worldwide.