Low-Latency.com

Pure Trading, the first alternative trading system in Canada to offer a fully electronic continuous auction market, has appointed Transaction Network Services to provide connectivity via its fully managed Secure Trading Extranet. Transaction Network Services is working with Pure Trading to facilitate high capacity, low latency and cost effective connections with new and existing customers. In addition to providing Pure Trading with connectivity, the link to TNS will allow access to TNS’ extensive financial community of interest.

TNS News Release

Technorati Tags: Pure Trading, Transaction Network Services, alternative trading system

GL Trade’s GL Connect ASP Liffe hosted service will soon be connected to the LIFFE Connect trading system via NYSE Euronext Liffe’s new 100Mbps High Speed Access. The GL Connect Liffe ASP service is now entirely run on Linux systems to provide clients with increased levels of performance and greatly reduced latency, it is claimed. With resilience for market data and ASP trading provided via multiple-site connectivity, GL Trade is now in process of migrating to Liffe’s new 100Mbps offering to offer its clients the best trading infrastructure, it says.

GL Trade News Release

Technorati Tags: GL Trade, GL Connect ASP Liffe, NYSE Euronext Liffe, Linux

Atrium Network, provider of connectivity for the global financial services community, has opened a new office in New York. Atrium Network offers low latency connections to all the US exchanges and ECNs, and offers US clients connectivity to the European exchanges and Chi-X Europe.

Atrium News Release

Technorati Tags: Atrium Network, ECNs, Chi-X Europe

The International Securities Exchange (ISE) has selected BT to provide its customers with low latency connectivity and hosting for trade execution and market data. BT is opening access to its New York area hosting facility to the ISE, which gives ISE customers the option to co-locate their trading engines with BT to achieve near-zero trading latencies. Through a combination of Radianz Proximity Solution and a customised implementation of Radianz Ultra Access, BT is enabling market participants outside the New York metro area to enhance their advanced trading strategies and use one of the fastest connections to the ISE, it says.

Technorati Tags: BT, International Stock Exchange, ISE, co-location, Radianz Proximity Solution, Radianz Ultra Access

Quant House, provider of end-to-end systematic trading solutions, has selected Atrium Network, provider of technology for global financial services firms, to deliver its ultra low latency market data solutions to hedge funds. Atrium Network’s clients can now access the main European and US equity and derivatives markets by leveraging Quant House’s end-to-end low latency solutions including direct market access, feed handler technology and a proprietary fibre optic network for transatlantic data transport.

tags]Quant House, Atrium Network, direct market access [/tags]

Fixnetix, provider of ultra low latency market data, has signed an agreement with Chi-X Europe to deliver market data and trading connectivity. Fixnetix has connected to the Chi-X matching engine with a round trip latency as low as 400 microseconds, it says. Fixnetix can deliver data in multiple formats with sub-millisecond data transformation if required, and deliver these services on the wire for ease of integration. Whether co-located using Fixnetix’s Source hosting partners or connecting via the company’s Ethernet and Fibre networks, Fixnetix reckons it ensures financial institutions can directly access both Chi-X and any competing European exchange gateway utilising Fixnetix ultra low latency point to point network connectivity.

Technorati Tags: Fixnetix, Chi-X Europe, roundtrip latency, co-location

As first reported by Low-Latency.com’s sister portal AsiaMarketsIT.com last year (www.AsiaMarketsIT.com, June 1 2007), BT will provide the new Australian ECN AXE with connectivity and hosting through Radianz Proximity Solution, for electronic trading access and low latency market data distribution. Firms that trade on AXE will have the option to host their trading engines at a BT hosting facility to achieve the lowest execution time and avoid the natural latency that occurs when trading over distance. AXE joins nearly 50 execution venues that are already connected to the Radianz Shared Market Infrastructure.

Technorati Tags: BT, Radianz Proximity Solution, AXE ECN, electronic trading, low latency market data distribution, proximity hosting

NYSE Euronext has signed a definitive agreement to acquire Wombat Financial Software, privately held provider of high performance financial market data management solutions. This acquisition broadens NYSE Euronext’s offering of market agnostic connectivity, transaction and data management solutions to customers globally, by integrating Wombat’s market data enterprise software and services with the NYSE TransactTools connectivity and messaging business, NYSE Euronext reckons.

Wombat News Release

Technorati Tags: NYSE Euronext, Wombat Financial Software, NYSE TransactTools, financial market data management

Equinix, provider of network-neutral data centres and internet exchange services, has extended its Financial eXchange community in Europe with the addition of Chi-X Europe. Launched to help institutional investors achieve ultra low latency execution, Chi-X Europe is an order-driven pan-European alternative trading system. It will take advantage of Equinix’s premium data centre services and Financial eXchange approach to ensure the optimum performance and ultra low latency response times for its solution, according to Equinix. Chi-X Europe will join more than 40 other European customers that have already relocated their systems within Equinix’s network of Financial eXchange hubs to take advantage of the company’s proximity capabilities, the vendor claims.

Equinix News Release

Technorati Tags: Equinix, Financial eXchange, Chi-X Europe, proximity hosting

Xasax Corporation has chosen technology from FalconStor Software, provider of disk-based data protection solutions, to enable it to offer ultra low latency financial market data to active trader and financial services organisations. The FalconStor Network Storage Server (NSS), powered by the FalconStor IPStor platform, provides storage virtualisation and provisioning services, via industry standard iSCSI protocol, over a 20 Gb/s InfiniBand storage area network, supplied by Voltaire. Xasax, whose clients include active traders, hedge funds, and other financial services organisations, provides market data, order routing, entitlement solutions and proximity hosting services. The blended FalconStor, Xasax and Voltaire technologies give traders access to high-speed order execution; large, high-performance data stores; and trade management capabilities that were previously unavailable to the middle market, the vendors claim.

Voltaire News Release

Technorati Tags: FalconStor, Xasax Corporation, Voltaire, InfiniBand, storage virtualisation