ACTIV Financial joins with Telx
First Published 9th July 2009
Telx and ACTIV partner to offer highly secure, low-latency market data and colocation services to the financial industry
Frank Piasecki, cofounder and president, ACTIV Financial: "Working with Telx enables ACTIV to provide a simple and cost-effective solution for provisioning low-latency market data into our customer's electronic trading systems."
Telx and ACTIV are partnering to offer highly secure, low-latency market data and Colocation services to the financial industry. Inside Telx's facility at 111 8th Avenue, ACTIV will house its ticker plant and aggregated market data feeds. Since exchange data is already routed through this facility, ACTIV has capitalized on Telx's connectivity to streamline the distance market data travels and deliver customers speed for a reliable, high-performance trading solution. In addition, by keeping its network connections in New York City, ACTIV reduces latency and potential points of network failure and helps to ensure maximum network up-time and minimum delays in traffic.
"Low-latency market data used to be a competitive differentiator, but now it's a necessity," says Frank Piasecki, cofounder and president of ACTIV Financial. "Working with Telx enables ACTIV to provide a simple and cost-effective solution for provisioning low-latency market data into our customer's electronic trading systems. With Telx's expertise managing Colocation facilities and connections, ACTIV's customers can focus on executing trades that drive profits, rather than managing their market data or hosting environment."
Customers can locate their corporate trading platforms right next to ACTIV's ticker plant, accessing low-latency global consolidated market data from a single connection. In addition, Telx's direct connections to other trading systems, clearing houses, settlement systems, market data distributors and other core industry systems produce even more value to joint customers; enabling ACTIV customers to gain increased speed and a competitive advantage with market-moving data delivered in milliseconds.
"Network up-time and no-delay trading continue to be key requirements in the financial services industry," said Gary Rashed, Operations Manager at Gargoyle Strategic Investments LLC. "This partnership provides us with the right mix of high-quality infrastructure and market-leading data that meets our needs in a simple, cost-effective way."