Ticker provider Burstream joins Telx FBX

Telx®, the interconnection and data center services provider in strategic North American markets, has announced that Burstream^SM (formerly Fast Normalized Data), a provider of ultra-low latency feed handlers and direct market data technology, has joined its Financial Business Exchange (FBX). As a colocation customer in Telx's Chicago data centre, Burstream can now offer Telx's financial markets customers low latency access to its fully-managed ticker plant solution designed for direct market connectivity for processing high-frequency data.

"By participating in the Telx FBX in Chicago, we give trading firms a competitive advantage by delivering direct access to the fastest market data available," said Paul Barringer, CEO of Burstream. "Telx's data centers are strategically located near the major financial and global business exchanges in Chicago and New York City, giving us the ability to deliver the lowest latency and fastest market data experience to our customers."

Trading firms can now connect to Burstream market data in Telx data centers. Instead of licensing the data, establishing connectivity with exchanges, and performing the integration themselves, traders can now place their algo servers in Burstream's racks or deploy a single cross-connect from Burstream to their own rack within Telx's FBX platform.

"Burstream can leverage our FBX ecosystem of leading financial services customers to explore new business opportunities for their ticker plant solution. Burstream also sees a competitive advantage to Telx's colocation services as a secure, efficient way to access the vital market exchange information they need to do business," said Michael Cattell, VP of Financial Markets for Telx. "Many financial technology firms like Burstream find significant value in our financial markets ecosystem, especially in our recently expanded New Jersey and Chicago facilities."