Bolsas y Mercados Argentinos (BYMA) is Argentina's leading stock exchange. BYMA operates a market infrastructure that provides access to the Argentine capital market for local and international participants.
Customer
Challenge
BYMA was looking to enhance its market data distribution capabilities and make market data more accessible to market participants.
The project required a high-performance and customizable platform capable of receiving live market data, storing it, and distributing it to FIX clients with low latency.
The solution needed to:
- Receive live MBO and MBP market data
- Store market data and instrument metadata
- Distribute market data to FIX clients
- Support multiple FIX Gateway instances
- Provide monitoring of the market data processing environment
Solution
B2BITS and Deltix implemented a market data distribution platform combining the B2BITS Millennium ITCH Feed Connector, Deltix TimeBase, and Deltix FIX Gateway. The solution provides low-latency market data processing and integration with BYMA's infrastructure.
The platform receives live MBO and MBP market data through dedicated MITCH connectors and sends the data to Deltix TimeBase, where market data and instrument metadata are stored.
The FIX Gateways rebroadcast MBO and MBP market data from TimeBase to FIX clients. Multiple FIX Gateway instances run within the Ember environment, with monitoring available through Ember Monitor and Grafana.
The resulting platform provides BYMA with a customizable market data distribution infrastructure designed for high-performance financial market environments.
Technologies and Tools
- B2BITS Millennium ITCH Feed Connector
- Deltix TimeBase
- Deltix FIX Gateway
- MBO / MBP market data
- Grafana
- Ember Monitor
Results
The new platform enhances BYMA's market data distribution capabilities by providing:
- Low-latency processing and distribution of market data
- Support for MBO and MBP market data
- Storage of market data and instrument metadata
- Distribution of market data to FIX clients
- A customizable architecture integrated with BYMA's infrastructure
The platform opens new opportunities for market data availability and supports the evolution of algorithmic trading in the Argentine market, making the market more accessible and visible to local and international participants.