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CFN Services expands network with Telx

First Published 10th July 2009

CFN to offer Telx customers In New York and Chicago complete, low-latency financial networking solution

Telx, the domestic interconnection and colocation data center operator, has announced that custom network provider CFN Services has added network nodes for its ultra low latency financial network in Telx facilities at 60 Hudson Street and 111 8th Avenue in New York City as well as in 600 South Federal Street in Chicago. These new nodes allow Telx Financial Exchange customers colocated in New York, New Jersey, and Chicago - including Telx customers colocated in the company's facility at 350 East Cermak Street - access to CFN's ultra low latency network, which is stated to guarantee speeds of 16.6 milliseconds or better.

The addition of CFN into Telx facilities is intended to help Telx customers gain an optimized network configuration to ensure the ultra low latency for all pieces of the trading process from market data feeds, ticker plants, exchanges and other key trading platforms. These services can provide the competitive advantage that financial companies need to gain an edge in today's market. CFN Services will also work to implement a customized plan to ensure that the network configurations are optimal based on each customer's individual criteria.

"In the current market, financial services companies need every advantage available to thrive," says Eric Shepcaro, CEO of Telx. "The suite of financial service providers and ultra low latency networks, such as those offered by CFN, are critical to our customers' success. Telx remains committed to seeking out service providers who can help our customers realize their full business potential."

"In addition to ultra low latency networking, CFN offers unique, performance-level SLAs that guarantee a specific latency today and network improvements that guarantee latency improvements over time," said Wil Tirado Vice President of Engineering for CFN. "When obtained from within a Telx colocation facility, customers are assured a long-range business plan for growth that accommodates both current and future needs for decreased latency and increase space, power, and cooling over time."