Nanex is a
Chicago
Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...
-based firm that offers streaming market data services, and real-time analysis and visualization tools. They offer data on all market transactions to their clients who are typically traders and other financial analysis firms. "The company can analyse millions of trades per second."
Nanex is the creator and developer of NxCore, a
ticker plant that delivers streaming whole market data from Telvent DTN and provides an
application programming interface
An application programming interface (API) is a connection between computers or between computer programs. It is a type of software Interface (computing), interface, offering a service to other pieces of software. A document or standard that des ...
. The company was founded in 2000 and is located in
Winnetka, Illinois
Winnetka () is a village in Cook County, Illinois, United States, north of downtown Chicago. The population was 12,475 as of the 2020 census. The village is one of the wealthiest places in the United States in terms of household income. It was ...
.
The founder and CEO of Nanex,
Eric Scott Hunsader, is a vocal critic of some aspects of
high-frequency trading
High-frequency trading (HFT) is a type of algorithmic trading in finance characterized by high speeds, high turnover rates, and high order-to-trade ratios that leverages high-frequency financial data and electronic trading tools.Lin, Tom C. W. " ...
and has clashed on
Twitter
Twitter, officially known as X since 2023, is an American microblogging and social networking service. It is one of the world's largest social media platforms and one of the most-visited websites. Users can share short text messages, image ...
with defenders of the system. Hunsader's firm is known for having coined the term
quote stuffing
In finance, quote stuffing refers to a form of market manipulation employed by high-frequency traders (HFT) that involves quickly entering and withdrawing a large number of orders in an attempt to flood the market. This can create confusion in th ...
.
Bloomberg called Nanex the "nemesis" of high-frequency traders.
[
Hunsader's views, as well as the record of market transactions released by Nanex, have been cited in many financial analyses done in news articles about strange financial events, such as the 2010 Flash Crash,]
References
External links
* {{official website
Financial services companies of the United States
Financial data vendors
Software companies based in Illinois
Technology companies established in 2000
Software companies of the United States