NYSE Technologies, the commercial technology unit of NYSE Euronext (NYX), and MDX Technology Ltd. announced to provide "MDXT ConnectExcel," a new data analysis tool that allows traders to stream and analyze real-time normalized market data directly in Microsoft Excel 2010 using an array of industry-leading data products offered by NYSE Technologies.
"MDXT ConnectExcel allows for subscription and publication of data via the NYSE Technologies Middleware Agnostic Messaging API (MAMA) platform, enabling traders and analysts to consume and publish real-time market data directly on Microsoft Excel," Microsoft stated.
"MDXT ConnectExcel is a valuable tool further enhancing the NYSE Technologies product suite, allowing enterprises to further utilize the high-performance NYSE Technologies Feed Handlers and Data Fabric middleware. Normalized market data can be brought directly to Excel where native features such as large spreadsheet support and multi-threaded recalculation facilitate decision-making for traders and analysts," the Redmond company explained.
"MDXT ConnectExcel caters for highly efficient data management through the use of intelligent caching and takes advantage of the latest enhancements in Excel. In addition to MAMA, multiple data sources are supported by MDXT ConnectExcel including Reuters, Bloomberg and TIBCO."
"Users can also benefit from the Windows High Performance Computing Server to burst into Excel and offload parallel calculations to on-premises and cloud-based server resources," the software company added.
This gives financial professionals the ability to seamlessly execute complex algorithms on large datasets, combining the best of desktop and distributed computing.