Mark Casey, President and CEO, CFN Services
"We are pleased to partner with NASDAQ OMX in offering their market participants the lowest latencies available for direct market access."
New York - The NASDAQ OMX Group has launched Express Connect, a low latency, point-to-point network solution offering connectivity from the NASDAQ OMX Data Center in the U.S. to venues in New York, New Jersey, Chicago and Canada.
CFN Services, the provider of automated trading enablement services and Sidera Networks, the provider of fiber optic-based network solutions, will be the initial suppliers helping NASDAQ OMX enable Express Connect. By partnering with CFN Services and Sidera Networks, NASDAQ OMX aims to provide lower communications latency through a secure and highly efficient network, which may be expanded across the globe.
Mark Casey, President and CEO of CFN Services, said, "We are pleased to partner with NASDAQ OMX in offering their market participants the lowest latencies available for direct market access to other leading North American trading venues and financial markets data centers. Leveraging our global Alpha Platform™, Express Connect enables NASDAQ OMX market participants to accelerate market data delivery and trade execution to trading venues worldwide."
Mike Sicoli, CEO of Sidera Networks, said, "Sidera Networks is honored to be selected by NASDAQ to help launch Express Connect. Express Connect will leverage Sidera's Xtreme Ultra-low Latency Network, a high capacity, high availability, low latency network, purpose built to support the needs of the trading community."
Stacie Swanstrom, Vice President of Transaction Services at NASDAQ OMX, said, "By partnering with CFN and Sidera to launch Express Connect, we are able to provide our customers high quality, low latency routes to integral liquidity centers at attractive prices. Express Connect enhances our ecosystem at the NASDAQ OMX Data Center as it provides the easiest and most efficient way to reach U.S. and international trading destinations."