Nanex
| Company type | Private |
|---|---|
| Industry | Software engineering |
| Founded | 2000 |
| Founder | Eric Scott Hunsader |
| Headquarters | Winnetka, Illinois, Chicago metropolitan area |
Key people | Eric Scott Hunsader (CEO) |
| Products | Financial market data Stock Market |
| Services | streaming data |
Number of employees | 8[1] (2013) |
| Website | www |
Nanex is a company headquartered in Chicago that specializes in delivering streaming market data and providing tools for real-time market analysis. Its primary clientele consists of traders and financial research organizations who utilize detailed transaction information. The firm is capable of handling millions of trade events every second.[2]
The company created NxCore, a ticker plant system that streams comprehensive market data sourced from Telvent DTN via an application programming interface. Established in 2000, Nanex’s main office is located in Winnetka, Illinois.[3][1]
Eric Scott Hunsader, the founder and CEO, is known for his outspoken criticism of certain practices within high-frequency trading and frequently debates its proponents in public forums.[4] The term quote stuffing was introduced by Nanex.[5] Bloomberg has referred to Nanex as a "nemesis" to high-frequency trading firms.[1][6]
The analyses conducted by Hunsader and the transaction datasets from Nanex have been referenced in studies examining irregular market phenomena such as the 2010 Flash Crash,[7] the January 2014 Gold Flash Crash,[8] and other questionable trade behaviors.[9]
External links
- ↑ 1.0 1.1 1.2 Regan, Michael (November 26, 2013). "Speed Traders Meet Nightmare on Elm Street With Nanex". Bloomberg News. Retrieved January 26, 2014.
- ↑ Vaananen, Jay (2015). Dark Pools and High Frequency Trading For Dummies. John Wiley & Sons. p. 177. ISBN 9781118879191.
- ↑ "Welcome to Nanex.net". Nanex. Retrieved January 26, 2014.
- ↑ Patel, Sital (January 29, 2014). "It's economics 101, says DirectEdge CEO on 'maker-taker' trading debate". MarketWatch.
- ↑ Cite error: Invalid
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<ref>tag; no text was provided for refs namedbloombergbw - ↑ Bowley, Graham (August 22, 2010). "Stock Swing Still Baffles, With an Ominous Tone".
- ↑ Melin, Mark. "Gold Flash Crash Caused By HFT Algorithm, Not Fat Finger".
- ↑ "One Algorithm Made Up 4% Of All Trading Last Week, And No One Knows Where It Came From".