Nanex is a
Chicago
(''City in a Garden''); I Will
, image_map =
, map_caption = Interactive Map of Chicago
, coordinates =
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, subdivision_type = Country
, subdivision_name ...
-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. The company was founded in 2000 and is located in
Winnetka, Illinois
Winnetka () is a village in Cook County, Illinois, United States, located north of downtown Chicago. The population was 12,316 as of 2019. The village is one of the wealthiest places in the nation in terms of household income. It was the second- ...
.
The founder and CEO of Nanex,
Eric Scott Hunsader, is a vocal critic of some aspects of
high-frequency trading and has clashed on
Twitter
Twitter is an online social media and social networking service owned and operated by American company Twitter, Inc., on which users post and interact with 280-character-long messages known as "tweets". Registered users can post, like, and ...
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
*
* {{Twitter, name=Eric Scott Hunsader
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