Topic: Connectivity

FlexTrade Systems, a global leader in broker-neutral, multi-asset execution and order management systems, today announced it has become an approved Independent Software Vendor (ISV) with SIX Swiss Exchange.

Equinix, Inc., a provider of global data center services, today announced that IRESS, a leading financial services technology provider headquartered in Australia, has leveraged Platform Equinix™ to extend availability of its market data, access, trading and wealth solutions services throughout and beyond the Asia Pacific region.

Lightower Fiber Networks, the premier metro fiber and bandwidth provider in the Northeast, announced a new network expansion and an expansion of their existing collocation facility, both in Providence, Rhode Island. The network expansion increases Lightower's footprint in and around East Providence with 21-miles of new fiber. Additionally, Lightower has doubled the size of its collocation facility at 235 Promenade (The Foundry), also in Providence.

Lightower Fiber Networks, the premier metro fiber and bandwidth provider in the Northeast, announced today several major expansions of its industry-leading all-fiber network in Central and Northern New Jersey. In total, Lightower is adding over 100 route miles of new fiber network throughout the counties of Bergen, Hudson, Essex, Morris, Middlesex, and Mercer.

Deutsche Börse – Market Data & Analytics has made available its algorithmic news feed “AlphaFlash” in the CME Co-Location facility located in Chicago’s suburbs via its subsidiary Need to Know News. This is the second data center in the Chicago area that offers clients direct access to AlphaFlash. Two more access points in the U.S. are located in Secaucus (New Jersey) and Washington D.C.

Dealing Object Technology (DOT), a 20-year devotee of real-time trading technology, is rebranding to Tick42. Known largely for its real-time toolkit and its rapid development services ability, the company’s rebranding reflects its progression in line with advances in the market data industry and its evolution into new areas outside of the dealing room, including general performance management products. The rebrand also sees DOT’s nearshore development team, previously Pirinsoft, unite under the same umbrella company name.

Perseus Telecom, a global provider of connectivity, along with Reliance Globalcom, the Global telecommunications services arm of India's largest integrated telecom operator Reliance Communications, today announced the launch of the world's fastest available trans-Atlantic network connection, QuanTA, between major global financial exchanges. The launch of QuanTA represents a landmark development in the latency race to zero and creates new opportunities for trading firms on both sides of the Atlantic.

SIX Swiss Exchange has successfully completed the upgrade of its trading platform. The upgrade was developed in collaboration with NASDAQ OMX. At the same time, SIX Swiss Exchange is launching a co-location service for the new platform in association with Equinix. Starting today, SIX Swiss Exchange offers participants the most modern trading technology in the world. 

According to new research from TABB Group, a battle is brewing within today’s institutional investment market data marketplace. The “need for speed” is in direct conflict with the “need to save” as cost versus performance becomes an issue for many of today’s largest market data users.

Sidera Networks, the premier provider of fiber optic-based network solutions, announces that it has enhanced its Transcom Route, which runs from New York to Washington, DC, to include a diverse path to its Ashburn, VA data center fiber ring via Frederick, MD, bypassing downtown Washington, DC. The result is a unique and completely diverse path from traditional fiber routes along the I-95 corridor.

Over the course of the next thirty-six months, Hong Kong Exchanges & Clearing Ltd. will invest HK$3 billion ($386 million) upgrading its technology, a reaction to mounting competition from fellow exchanges, the bourse operator announced this week.

Pragma Securities, an independent electronic trading boutique, today announced a new routing methodology designed to significantly improve execution quality. The methodology is based on recent research demonstrating that the conventional cost-sensitive method of exchange order routing delivers inferior all-in performance results as calculated by the sum of implicit shortfall costs and explicit fees and rebates.