Yipes' FinancialConnect! Service Wins The Banker's Technology Award for Innovation.Award Recognizes the Importance of Innovative Telecommunications Solutions to Address the Need for Speed to Facilitate 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. SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Yipes Enterprise Services This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Inc., the leading global provider of Ethernet services, announced today that it has won The Banker's Technology Award for Connectivity Innovation for its FinancialConnect! service. Yipes FinancialConnect! is the first-ever Ethernet-based extranet for electronic trading and market data distribution. The end-to-end managed service delivers financial market and exchange data directly to banks, brokers, hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . Introduced to the industry in October 2006, more than 65 financial exchanges, Electronic Communications Networks (ECNs), and trading platforms and 300 member firms have connected to the service. Established in 1926, The Banker is the Financial Times Group's premier magazine for global investment, retail, and commercial banking. The Banker Technology Awards annually recognize global innovation and excellence in the banking technology market. This is the second industry award for FinancialConnect!, which was recently honored by Light Reading for Best New Service from a private company. The investment services industry is rapidly migrating away from floor trading to electronic trading. The growth of algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of , deployment of faster exchange trading systems, and regulatory changes have dramatically increased electronic trading volume, placing unprecedented demands on the older networks that have traditionally supported the financial industry. Yipes FinancialConnect! uses Ethernet networking technology to deliver services that are faster, simpler, and more scalable than conventional telecommunications services. Because 95 percent of networks originate from Ethernet-based local area networks, an Ethernet-based connectivity service requires fewer protocol transitions and processing, making it faster and more reliable. "We are honored to receive this innovation award from The Banker. The growth of electronic trading makes low latency Low latency allows human-unnoticeable delays between an input being processed and the corresponding output providing real time characteristics. This can be especially important for internet connections utilizing services such as online gaming and VOIP - VOIP is not as important as access to financial data imperative; a difference of milliseconds can mean the difference between profit and loss," said John Panzica, general manager, 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. sector, for Yipes. "With FinancialConnect!, our customers can be assured that data feeds are delivered in the fastest and most efficient manner possible. The Banker has recognized the sweeping changes going through the industry, and this award is validation of the success of the FinancialConnect! service in meeting a critical industry need." The Banker Technology Awards aim to recognize innovation in the way that solutions, service providers, and strategies enable financial institutions to address various business challenges. Awards were given on the basis of objective and results-oriented criteria by a panel of leading, highly respected industry commentators. About Yipes Enterprise Services, Inc. Yipes is the leading provider of managed Ethernet and application delivery services for the global enterprise. Yipes' custom data networking solutions empower businesses by delivering high performance, dynamic control, unmatched service quality, and rapid ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Enterprise customers worldwide take advantage of Yipes' managed Ethernet services because they are easier to implement and manage than other services. Yipes' specialized offerings and obsession with customer satisfaction ensure that the company delivers the best quality experience. More than 900 enterprise customers worldwide rely on Yipes high-performance managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality to improve their competitive advantage. For more information, visit www.yipes.com. |
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