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Archive for March, 2011

Spread Networks Signs Agreement with CFN Services

Tuesday, March 29th, 2011

For more information on this offer or to order now click here

Ridgeland, MS – March 29, 2011 – Spread Networks, LLC, a privately owned telecommunications provider, today announced a new agreement with CFN Services, a managed telecom infrastructure services company, which gives

CFN rights to resell Spread Networks’ Low Latency Wave Service, effective immediately.

Spread Networks recently announced that it had improved the latency of its Low Latency Wave Service to 14.6ms.  CFN can now offer its customers 1G and sub-1G bandwidth services on Spread Networks’ Low Latency Wave network.  CFN will be the exclusive provider of sub-1G bandwidth on the Spread network.

“Our agreement with CFN Services provides an opportunity to reach a broader customer base than ever before,” said David Barksdale, Chief Executive Officer of Spread Networks, “By offering an increased range of bandwidth options, CFN Services will address customers who need less bandwidth but still demand Spread Networks’ commitment to industry leading latency and excellent service.”

“CFN Services operates a premier delivery platform for market data and trading applications in top liquidity venues around the world. Our customer applications demand the highest performance networks with respect to latency and availability,” states Mark Casey, President and CEO of CFN Services. “Adding Spread Networks leading Low Latency Wave Service between New York and Chicago future proofs our platform, ensuring that we will continue to offer best in class latency between those direct markets and their extensions into critical international venues.”

CFN’s bandwidth services on the Spread network will be offered between Chicago, IL and Spread Networks New Jersey endpoints at Newark, Weehawken, Carteret and Secaucus.  With the shortest route between Chicago and New Jersey, the services will continue to provide the lowest latency of any available network service between these financial centers, with the exception of Spread Networks’ own dark fiber service.

In addition to electronic trading firms, this service is ideal for brokers, market data vendors, exchanges, ECN and alternative trading systems (ATS) that value low latency. The network is monitored by a dedicated customer service team and backed by a competitive service level agreement.

Spread Networks’ fiber network was built from the ground up with the financial community in mind. In addition to its wave service, Spread Networks offers its flagship private dark fiber service that is the benchmark for ultra low latency connecting New York and Chicago in under 13.33 milliseconds roundtrip. To build this network, Spread Networks literally trenched a long-haul route on the shortest possible path connecting these two financial centers.

About Spread Networks

Spread Networks, a privately own telecommunications provider, built a new fiber network from the ground up, connecting New York and Chicago to set a new standard for latency. Without the drag of traditional telecommunications offerings, Spread Networks provides its customers with a state-of-the-art diverse and secure fiber optic network to allow data to run as close as possible to the true speed of light through fiber.

www.spreadnetworks.com

About CFN Services

CFN Services is a provider of custom, high performance network and application solutions to sophisticated global financial markets participants and network operators worldwide, as well as delivering the on the promise of 3G and 4G networks for mobile operators. Leveraging its proprietary global transport planning platform FiberSource, CFN enables carrier, enterprise, and government network operators to optimize across the key network variables of latency, diversity, bandwidth, and cost. For more information, visit www.cfnservices.com.

Contact:

media@spreadnetworks.com  — judy.misbin.may@cfnservices.com

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Use Case Fully Managed Trading Infrastructure

Tuesday, March 29th, 2011

Use Case: Fully Managed Trading Infrastructure

Author: Judy Misbin-May

As lead traders in large corporate investment firms and banks begin look for more control over their future, many are taking the leap to start their own Proprietary Trading Firms.  One such newly formed High Frequency Trading firm, came to CFN Services with a challenge. Their goal was to be up and trading real-time within a 30 day window. They had been working with many vendors to integrate a comprehensive solution that would optimize the trading ecosystem from pre-to-post trade execution.  As they dealt with contracts, vendors and many headaches, they requested of CFN to make this process easier so they could focus on their goals and profitability for their multi-asset trading strategy

Solution:

CFN FAST Platform (Financial Application Services Trading Platform) provided the value to this firm that they required, yet the flexibility and control they insisted on. Through the module approach offered by CFN Services, the trading firm was able to pick and choose the areas they wanted to keep in house and areas they wanted to outsource. They did not need to question their buying decisions as CFN is host/carrier neutral picking the best solution for each specific client. CFN also gave them peace of mind by providing the firm a few solutions with the pros and cons of each clearly articulated. The trading firm also did not want to lock up cash in their trading platform, and with CFN Services was able to implement their full solution with little capital outlay.

Outcome:

Utilizing CFN expertise and suite of products, this firm was able to greatly reduce the volume of partners and vendors they needed to negotiate and sign contracts with.  This alone provided them the ability to free up to 25 hours a week of the pre-start up time to focus on the core area of the business.  The goal to be up and trading within 30 days was accomplished, without divulging proprietary information. The trading firm acknowledged that CFN helped accelerate the development cycle and allowed them to strengthen their place in the market.

To inquire about options for your firm click here

 

Article Source: http://www.articlesbase.com/currency-trading-articles/use-case-fully-managed-trading-infrastructure-4326531.html

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CFN Services Expands Managed Trading Infrastructure Platform

Monday, March 7th, 2011

Herndon, VA – March 6, 2011 – CFN Services, a leading provider of managed high frequency trading infrastructure services, today announced that it has added optimized delivery of North American exchange feeds on its global low latency trading infrastructure platform which dramatically reduce latency between, and within, US and Canadian trading venues. This eliminates the need for clients to invest in low latency circuits and instead utilize CFN Managed Trading Infrastructure Platform to deliver their market data cost effectively and with leading low latency. The CFN Managed Trading Infrastructure Platform seamlessly integrates the CFN Financial Ecosystem, which provides clients with a wide range of complimentary market data, news, service and application providers. The CFN Financial Ecosystem is consistent with CFN’s policy of being vendor neutral to provide the best of class solutions.

CFN Low Latency Market Data Delivery is designed to provide best of breed solutions for each client and insure reliability, performance, and a lower overall operating cost by employing:

• Optimized Infrastructure – CFN maintains an evergreen structured technology refresh program which can quickly and seamlessly react to market demands and changes
• Resiliency – CFN practice is to maintain redundant connectivity to all data sources

• Flexible configurations – as business needs and trading strategies evolve services can be quickly modified to meet current requirements

• Lower cost of ownership – Fully managed solutions to include the market data, connec-tivity and managed hosting

• Scalability – CFN can support requirements ranging from a single server in a single location to an interconnected global deployment
• Support – from a 24×7 operations center to on-demand access to a pool of interdisciplinary talent throughout a client’s entire systems life cycle, from needs determination, evaluation, implementation, deployment, enhancements, and maintenance

Sebastian Yoon, CFN Vice President of Financial Services, states, “CFN Managed Trading Infrastructure is designed to optimize the trading process while controlling expenses for our clients. For example we are able to reduce delivery latency of CME, NYSE, BATs, and ARCA market data between Chicago and New York to 14.6 milliseconds, while streamlining expenses for clients by eliminating the need to run redundant individual data circuits.”

About CFN Services
CFN Services is a managed telecom infrastructure services company providing network services for the Enterprise, Public Sector, Carrier and Wireless Markets, specializing in ultra-low latency networking, middle mile and last mile optimization and mobile back haul. CFN Services leverages FiberSource®, a global knowledge-based platform that identifies all available dark and lit fiber, collocation, towers, structures and lit buildings; providing network design, planning, deployment, and managed services offerings. For more information http://www.cfnservices.com

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