MayStreet, a market data infrastructure provider, has added Fenics USTreasuries (Fenics UST) to its US cash treasury data portfolio. Owned and operated by BGC Financial, Fenics UST is a low-latency, fully electronic US Government securities trading venue that delivers displayed liquidity calibrated to the industry’s tightest tick increments.
The addition of Fenics UST data rounds out MayStreet’s cash treasury offering, which also includes data feeds for CME’s BrokerTec and Nasdaq Fixed Income (formerly eSpeed). Over the coming months, MayStreet will be adding dozens of new datasets as it works to further enhance – from both an asset class and geographic perspective – its platform following its recent funding round.
“Electronic fixed income trading platforms have been crucial in helping the industry manage risk throughout the extreme volatility we’ve seen these past five months,” says Patrick Flannery, MayStreet CEO and co-founder. “Fenics, with its ultra-tight spreads, provides market participants with a valuable source of cash treasury liquidity, so we’re excited to expand our fixed income offering with the addition of data from one of the market segment’s leaders.”
“MayStreet has quietly developed a reputation as one of the leading marketing data infrastructure platform providers, providing extremely high-quality data across a range of asset classes,” says Rich Winter, senior managing director and global head of Fenics Market Data and Information Analytics. “MayStreet’s clients include some of the industry’s most sophisticated banks, asset managers, trading platforms and regulators, and we look forward to them gaining access to a low-latency feed of our deep pool of streamed treasury liquidity.”
