ACTIV Financial Joins With Telx to Provide Low Latency, High Quality Access to Financial Information.Partnership Streamlines Market Data Delivery for Faster, More Reliable Trading Solution NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Telx, the premier provider of co-location and interconnection to the financial industry, and ACTIV Financial, a leading provider of market data content and technologies, 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, which acts as a hub for more than 80 percent of the exchange-directed fiber connections running in New York, 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 superior connectivity to streamline the distance market data travels and deliver customers best-in-class speed for a reliable, high-performance trading solution. In addition, by keeping its network connections in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , ACTIV reduces latency and potential points of network failure and helps to ensure maximum network up-time and minimum delays in traffic. Accessing data and executing trades can become bottlenecked by legacy market data systems and disparate solutions. In today's volatile markets, these solutions simply cannot handle the data volumes and speed needed to trade effectively for maximum returns. Understanding this, Telx offers financial customers a direct connection to ACTIV and other financial exchanges and companies to provide a single solution for managing financial firms' critical market data while limiting support costs. "Low-latency market data used to be a competitive differentiator, but now it's a necessity," says Frank Piasecki Frank Piąsecki was born in Philadelphia in 1919, the son of an immigrant Polish tailor. He earned degrees in aeronautical and mechanical engineering by the age of 20 and in 1940, he gained the support of a few friends and started a small aeronautical company. , cofounder co·found tr.v. co·found·ed, co·found·ing, co·founds To establish or found in concert with another or others. co·found 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  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. 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 See hosted 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry," said Gary Rashed, Operations Manager See datacenter manager. at Gargoyle gargoyle (gär`goil), waterspout used in medieval Europe to draw rainwater from church and cathedral roofs. Gargoyles were fashioned imaginatively in the form of human grotesques, beasts, and demonic spirits. Strategic Investments LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . "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." About ACTIV Financial ACTIV Financial Systems, Inc. is a leading provider of market data content and technologies to market makers, hedge funds, brokers and trading systems. The company provides managed low-latency and high-volume market data services to over 250 customers worldwide. As vendor of record, ACTIV also delivers consolidated, hosted and on-site ticker plant services for exchanges around the globe. ACTIV is privately-owned with offices in Chicago, New York, Tokyo, Singapore and London. www.activfinancial.com About Telx Telx is a world-class leader in providing interconnectivity solutions through their network-neutral and network rich, colocation facilities. With over a dozen facilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Telx offers cost effective networking solutions for customers to seamlessly access diverse global networks and exchange information in a secure and reliable environment. Over 600 leading telecommunications carriers, ISP's, content providers and enterprises rely on Telx's world-class team to support their mission-critical global infrastructure needs and to create a global connectivity marketplace to dramatically expand their business growth opportunities. Telx is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in New York City with facilities in New York, Atlanta, Chicago, Dallas, Los Angeles, San Francisco, Santa Clara, Miami, Phoenix, Charlotte, and Clifton and Weehawken, N.J. For more information about Telx, visit www.telx.com. |
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