Nanex
{{Short description|American software firm}}
{{infobox company
| name = Nanex, LLC
| type = Private
| founded = {{start date and age|2000}}
| founder = Eric Scott Hunsader
| location = Winnetka, Illinois, Chicago metropolitan area
| key_people = Eric Scott Hunsader (CEO)
| industry = Software engineering
| products = Financial market data Stock Market
| services = streaming data
| num_employees_year = 2013
| website = {{url|www.nanex.net}}
}}
Nanex is a Chicago-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."{{Cite book|last=Vaananen|first=Jay|url=https://books.google.com/books?id=vhbTBQAAQBAJ&q=nanex+llc&pg=PA177|title=Dark Pools and High Frequency Trading For Dummies|publisher=John Wiley & Sons|year=2015|isbn=9781118879191|pages=177}}
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.{{cite web|url=http://www.nanex.net/|title = Welcome to Nanex.net|publisher = Nanex|access-date = January 26, 2014}}{{cite web|url=https://www.bloomberg.com/news/2013-11-26/speed-traders-meet-nightmare-on-elm-street-with-nanex.html|title=Speed Traders Meet Nightmare on Elm Street With Nanex|last=Regan|first=Michael|date=November 26, 2013|publisher=Bloomberg News|access-date=January 26, 2014}}{{cite web|url=http://www.businessweek.com/articles/2013-11-27/high-speed-traders-nemesis-nanexs-eric-hunsader|archive-url=https://web.archive.org/web/20131128000036/http://www.businessweek.com/articles/2013-11-27/high-speed-traders-nemesis-nanexs-eric-hunsader|url-status=dead|archive-date=November 28, 2013|title=The Nemesis of High-Speed Traders|last=Regan|first=Michael|date=November 27, 2013|publisher=Bloomberg BusinessWeek|access-date=January 26, 2014}}
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 with defenders of the system.{{cite web|url=http://blogs.marketwatch.com/thetell/2014/01/29/its-economics-101-says-directedge-ceo-on-maker-taker-trading-debate/|title = It's economics 101, says DirectEdge CEO on 'maker-taker' trading debate|last = Patel|first = Sital|publisher = MarketWatch|date = January 29, 2014|access-date = February 5, 2014}}{{cite web|url=http://seekingalpha.com/article/1939011-why-we-are-not-ok-and-not-on-a-sustainable-trajectory|title = Why We Are Not OK And Not On A Sustainable Trajectory|publisher = Seeking Alpha|date = January 10, 2014|access-date = February 5, 2014|last = Stuber|first = Joseph}} Hunsader's firm is known for having coined the term quote stuffing. 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,{{cite news|url=https://www.nytimes.com/2010/08/23/business/23flash.html?_r=0|title = Stock Swing Still Baffles, With an Ominous Tone|last = Bowley|first = Graham|date = August 22, 2010|access-date = February 5, 2014|newspaper = New York Times}}{{cite web|url=https://blogs.wsj.com/marketbeat/2010/09/27/data-wonks-debut-dizzying-diagram-of-flash-crash/|title=Data Wonks Debut Dizzying Diagram of Flash Crash|last=Lauricella|first=Tom|date=September 27, 2010|publisher=MoneyBeat, blog of the Wall Street Journal|access-date=February 5, 2014}} the Gold Flash Crash in early January 2014,{{cite web|url=http://www.valuewalk.com/2014/01/gold-flash-crash-cause-labeled-hft-algorithm-fat-finger/|title = Gold Flash Crash Caused By HFT Algorithm, Not Fat Finger |last = Melin|first = Mark|date = January 9, 2014|access-date = February 5, 2014|publisher = ValueWalk}}{{cite web|url=http://www.fool.ca/2014/01/06/canadian-equities-lower-on-weak-economic-data-gold-flash-crash/|title = Canadian Equities Lower on Weak Economic Data, Gold Flash Crash|publisher = Motley Fool|last = Baillieul|first = Robert|date = January 6, 2014|access-date = February 5, 2014}}{{cite web|url=http://www.marketoracle.co.uk/Article43912.html|title = Why Gold Price Suppression Can NOT Continue|publisher = The Market Oracle|access-date = February 5, 2014}}{{cite web|url=http://seekingalpha.com/article/1942231-open-letter-to-gold-investors-will-the-real-manipulator-please-stand-up|title = Open Letter To Gold Investors: Will The Real Manipulator Please Stand Up?|last = Winter|first = Russ|date = January 13, 2014|access-date = February 5, 2014|publisher = Seeking Alpha}}{{cite news|url=https://online.wsj.com/news/articles/SB10001424052702303433304579304401940036802|title = Gold Ends Slightly Lower After Volatile Day Price Briefly Drops $30; CME Group Says No Errors Occurred|last = Shumsky|first = Tatyana|date = January 10, 2014|access-date = February 5, 2014|newspaper = Wall Street Journal}} and suspicious trading patterns.{{cite web|url=http://www.businessinsider.com/mystery-algorithm-4-of-trading-last-week-2012-10|title = One Algorithm Made Up 4% Of All Trading Last Week, And No One Knows Where It Came From|last = Lopez|first = Linette|date = October 8, 2012|access-date = January 26, 2014|website = Business Insider}}{{cite web|url=http://www.valuewalk.com/2014/01/wild-fat-finger-price-swings-in-london-stocks/|title = Wild "Fat Finger" Price Swings In London Stocks Questioned|last = Melin|first = Mark|date = January 30, 2014|access-date = February 5, 2014|publisher = ValueWalk}}{{cite magazine|url=https://www.forbes.com/sites/christophersteiner/2010/09/02/did-we-just-dodge-another-flash-crash-yesterday/|title = Did We Dodge Another Flash Crash on Sept. 1?|last = Steiner|first = Christopher|date = September 1, 2010|access-date = February 5, 2014|magazine = Forbes}}
References
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