Market Systems Technology, Inc.

Market Systems Technology, Inc. (MST) is a privately held corporation based in Boston, Massachusetts. For over twenty years, Market Systems Technology has been a premier provider of high-performance, high reliability software solutions for the financial services industry. MST was formed in 1984 as a software development and consulting group focused on real-time, low latency data for financial market systems. MST developed the Market Access ticker plant, which supported interfaces to all North American exchange data services for customers such as CMQ Communications, the Pacific Exchange, the Boston Stock Exchange, and Barclays de Zoete Wedd in London.

MST was purchased by Telerate, Inc. and later—along with Telerate—by Dow Jones and Company, Inc. The MST division was responsible for developing and supporting a global network of Market Access systems, based in Toronto, Singapore, and London. These systems formed the backbone of the acquisition, distribution, and infrastructure for Telerate’s global exchange data. During this time, MST developed and supported interfaces to virtually all exchange data sources around the world.

In addition to developing and supporting Market Access, MST designed and developed data quality and administration systems to address Dow Jones’ stringent requirements for real-time verification, audit, and correction of reported market data prices. MST also developed systems that acquired off-market data, such as foreign exchange and fixed-income information, which was integrated with exchange-sourced data into a consolidated data stream that supported Dow Jones Telerate’s terminal-based and feed products.

Market Systems Technology, Inc. was re-established by its founders as an independent corporation in 1998. The company has since focused on developing a new generation of the Market Access product while supporting its customers. More recently, MST developed its Market Data Network (MDN) messaging middleware to provide enhanced data distribution between Market Access and subscribing systems. MDN entered production in Q1 of 2004. MST continues to specialize in real-time, low latency data for financial market systems. This focus enables us to deliver systems with low total cost of ownership, high performance, and high reliability.