Leading Provider of Managed High Frequency Trading Enablement Services Leverages FBX to Expand its CFN (FAST) Financial Application Services Trading Platform
New York, NY (April 14, 2011) – Telx®, a leading interconnection and colocation provider in strategic North American markets, today announced that CFN Services, a leading provider of managed high frequency trading (HFT) enablement services, has joined its Financial Business Exchange (FBX), a facility-based infrastructure platform that provides the capital markets community with unmatched proximity, latency and choice. As part of the FBX community in Telx’s world-class data centers in Chicago and New York City, CFN Services can expand the geographic reach of its global services by offering financial markets customers secure, low latency access to its Global Managed Financial Exchange Platform.
“CFN is pleased to be part of the Telx Financial Business Exchange, as it complements our Global Managed Financial Exchange Platform,” said Sebastian Yoon, Vice President of Financial Services Solutions for CFN Services. “CFN Services’ Financial Ecosystem seamlessly provides best in class, integrated, single source infrastructure solutions customized for each of our client’s needs, an approach that Telx shares. Partnering with a provider such as Telx FBX augments our ability to offer unique service level agreements, as well as optimized delivery and cost efficiencies for market data and low latency trading infrastructure.
CFN Services’ Global Managed Financial Exchange Platform is comprised of over 100 data centers connecting to thousands of market participants, including clients, brokers, exchanges, clearing houses, CSDs and market data providers in global futures, options, equities and FX exchanges. This platform allows trading firms to receive single vendor support of geographical and asset class diversity trading strategies. CFN Financial Exchange Platform is a vendor neutral infrastructure providing managed solutions for managed hosting, connectivity, hardware, network device monitoring, management and reporting, ensuring that each CFN client has the ability to receive the best solution to meet individual trading strategy; no two firms have the same exact needs.
“By participating in the Telx FBX, CFN Services has the competitive edge to offer key market participants direct access to its Global Managed Financial Exchange Platform through low latency network connectivity in a secure, strategic location,” said Michael Cattell, Vice President of Financial Markets for Telx. “Telx continues to add high value members to our FBX community, who leverage the many benefits of the direct connections available in our recently expanded New York and Chicago facilities.”
About Telx Financial Business Exchange (FBX)
Telx Financial Business Exchange (FBX) is a high value community of financial exchanges, market data providers, order management vendors, independent software vendors, buy-side and sell side firms - all colocated in secure, Telx-managed data centers and interconnection facilities. FBX offers ultra low-latency connectivity, proximity hosting and direct market access to a growing list of the most important financial exchanges. Telx’s financial markets colocation facilities, strategically located at 111 8th Avenue in New York City, 100 Delawanna Avenue in Clifton, N.J., 350 East Cermak Road in downtown Chicago, and 300 Blvd East in Weehawken, NJ, provide customers an ideal environment to grow and manage their businesses by placing their networks in proximity to their key suppliers, partners, and customers, along with hundreds of leading telecom and data service providers. For more on the advantages of the Telx FBX, download this free financial markets case study.
About CFN Services
CFN Specializes in delivery of high performance networks, specifically for low latency global financial exchange connectivity, as well as delivering on the promise of 4G networks for mobile operators, by leveraging the first massively optimized, distributed virtual global data center infrastructure, developed by CFN. This infrastructure platform was designed to avoid undue latency and optimize efficiency and reliability; constructed using knowledge from CFN FiberSource®, a proprietary transport database planning platform. CFN enables carrier, enterprise, and government network operators to optimize their IT Infrastructure across the key network variables of latency, diversity, bandwidth, and cost. For more information: http://www.cfnservices.com.
Telx is a leading provider of interconnection, colocation and business exchange services in strategic, high demand North American markets. With 15 premier facilities, Telx increases speed to market and reduces connectivity costs by providing direct connections to the industry’s highest performance networks and access to more than 880+ customers, including leading telecommunications carriers, ISPs, content providers and enterprises. Telx is a privately held company headquartered in New York City with four facilities in the New York Metro area, two facilities in Chicago, two facilities in Dallas, three facilities in California, (Los Angeles, San Francisco, and Santa Clara) and facilities in Atlanta, Miami, Phoenix and Charlotte, N.C. For more information about Telx, visit www.telx.com.