New Service Offers a Faster Alternative on Market Data from CME to All Major Points within the New Jersey Equity Triangle
CHICAGO — May 9, 2019 — Anova Financial Networks, an international carrier and market data provider, announces that it will be turning up the fastest commercially available delivery of normalized market data from the Chicago Mercantile Exchange (CME) to BATS, NASDAQ and the New York Stock Exchange (NYSE), commonly referred to as the New Jersey Equity Triangle. While celebrating a decade of service as a proven provider of financial market data and ultra-low latency networking, the company is planning to formally launch this service in June - enabling a true competitive edge for financial firms.
Initially, a highly liquid basket of CME symbols will be simulcast to all Equity Triangle endpoints over Anova’s high availability microwave network on a reliable FPGA platform. This platform maintains the integrity of the data, while also providing a short and easy development cycle for clients who haven’t previously written to Anova’s normalized feed API. Anova’s subsequent service sets on this line will include products from the options, cash and equity markets.
“Chicago to New Jersey connectivity has been an area of focus for Anova for some time now,” said Michael Persico, CEO and Founder of Anova Financial Networks. “Beginning with our wireless network acquisition last year, we’ve taken substantive steps to enhance our assets in the corridor, which correspondingly increased our products available to the financial community. And with this latest release, we truly feel we’ve opened up a service to an incredibly wide base of customers – we see this being valuable to wealth/money managers, hedge funds and institutional investment advisors, along with the classic client sets of banks, brokerages and proprietary traders. In essence, having an alternative, reliable option for the fastest CME market data from a well-known wireless provider like Anova should be of interest to every size and type of financial firm due to the inherent inter-market pricing relationship.”
This move continues to strengthen Anova’s financial trading network, which reaches key markets across North America, Europe and Asia and is expanding globally. Over the past months, the company rebranded from Anova Technologies and launched a major four-site network expansion in Asia offering the best-known latency between key financial hubs. That region’s first route, Singapore (SGX) to Tokyo (CC2), is now live.
About Anova Financial Networks
Anova Financial Networks is the only global carrier that offers wireless and fiber connectivity, as well as market data distribution across all asset classes. Anova’s innovative proprietary technologies and client-centric approach enable the company to deliver secure and reliable solutions for banks, trading firms and exchanges worldwide. To learn more, visit www.anovanetworks.com and follow Anova on LinkedIn and Twitter @AnovaNetworks.
Jaymie Scotto & Associates (JSA)
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