Article from Judy Misbin-May
August 1, 2011

BM&FBOVESPA is a Brazilian company, created in 2008, through the combination of the SãoPaulo Stock Exchange (Bolsa de Valores de São Paulo) and the Brazilian Mercantile & Futures Exchange (Bolsa de Mercadorias e Futuros). It is the most important Brazilian institution for intermediate equity market transactions and the only securities, commodities and futures exchange in Brazil. BM&FBOVESPA further acts as a driver for the Brazilian capital markets. The BM&FBOVESPA volumes have more than quintupled in just six years  anddaily trading volumes are expected to hit 6.5 billion per day by end of 2011.

Access

Types of Direct Market Access (DMA) available for BM&FBOVESPA

• DMA 1- Customer trades on the Mega Bolsa System via brokerage house
• DMA-2 – Customer connects directly to the technology structure partnering with an authorized access provider or broker, such as CFN Services, GL-Net or Marco Polo to access the exchange, allowing them to trade through multiple brokers such as Link Investimentos
• DMA-3 – Client connects to the technology structure via a direct connection
• DMA-4- Client proximity hosts their infrastructure within the exchanges data center and connects to the exchange via a cross connect

The Brazilian regulatory landscape does not provide for naked access but instead there are regulatory requirements that all clients have to go through pre-trade credit controls. For the DMA 1 and DMA 2 models, the broker is responsible for checking orders against pre-defined limits, whereas with DMA 3 and DMA 4, the exchange provides the pre-trade credit control tool for the brokers to configure and control their customers’ limits

Tax Issues

In October 2009 a 2% tax to foreigners was introduced and the subsequent 1.5% tax added to American Depository Receipts (ADRs).  BM&F BOVESPA believes that the government is not mulling further tax measures to kill the golden goose of capital markets. After all, it wants investors to pay for the country’s huge infrastructure needs. They include the stadiums, airports, local transportion and housing associated with the 2014 World Cup and 2016 Olympics as well as the $225 billion in pre-salt capitalization for Petrobras. In spite of tax implications of trading in Sao Paulo, BM&FBOVESPA has been seeing unprecedented increase in trading volumes from International firms.

Competition

According to John Rumsey, who states “Investors expect to see alternative trading platforms emerge to challenge BM&FBOVESPA and expect that their introduction will have a substantial impact on pricing. The regulator, the Comissão de Valores Mobiliários, is seen as keen to encourage the proliferation of new platforms and Brazilian legislation allows them.”

Brazil is a ripe market for investors looking to find new liquidity. With protections already in place that meet the standards of the Frank-Dodd Act, active lobbying to address tax issues for international traders, and the upcoming World Cup and Olympics, Brazil is not a market to avoid.

Summary

Take advantage of fully managed solutions from CFN Services’ Alpha Platform™, to receive the lowest latency connectivity from any global trading venue. Take away concerns about customs clearing, managing foreign country contracts, finding a broker or authorized access provider by letting the Alpha Alliance™ take care of as much or as little of those services that you require.  Get in early to take advantage of the technology refresh program, which will provide existing Alpha Platform™ clients, the ability to shave microseconds off the already lowest latency available.

Link Investimentos Joins CFN Services’ Alpha Alliance ™ to provide lowest latency market access to BM&FBovespa Exchange

Alpha Alliance™ Enables Trading Services Firms to Collaborate and Deliver Industry-Leading Solutions for the Global Financial Markets

Herndon, VA (PRWeb).  July 27, 2011 — CFN Services, Inc., the leading provider of managed high-frequency trading enablement services, today announced the Alpha Alliance™, an innovative network of trading services firms delivering fully integrated and customizable solutions for the global electronic trading market.  The Alpha Alliance brings together best-of-breed trading technologies, applications, and services across the full trading life cycle, from analysis and decision-making, to risk management, execution, and settlement of the trade.

Alliance partners deploy their solutions on CFN ’s Alpha Platform™, a low latency trading infrastructure offering the highest performance for market data delivery and trade execution worldwide.  Technology partners rapidly deploy their applications and services on a proximity hosted platform as part of a comprehensive solution, improving application delivery performance while lowering costs and expanding access to new markets.

Alpha Alliance partners collaborate to develop full service enhanced, customized solutions that best advance the unique trading strategies of their clients. With access to the technical capabilities and market-specific expertise within the Alpha Alliance network, clients and business partners interact in completely new ways.  Trading firms ultimately benefit from having access to the market-leading solutions necessary to remain competitive in today’s rapidly evolving financial markets.

“CFN is very excited to play a pivotal role in taking automated trading solutions to the next level,” said Mark Casey, President of CFN Services. “Bringing the best technology, product and service firms together on one platform enables next-generation trading solutions capable of fully leveraging the rapid growth in global electronic trading. Alpha Alliance members are setting the standard for high performance trading.”

To find out now how Alpha Alliance can bring your trading solutions to the next level

About CFN Services in the Global Financial Markets
CFN Services is a leading provider of managed high-frequency trading enablement services, providing solutions that accelerate market data delivery and trade execution for some of the most sophisticated financial markets participants worldwide. CFN Services operates the low-latency  Alpha Platform™, a high performance low latency global infrastructure that accelerates trading performance for automated traders across key liquidity venues in the equities, options, futures, derivatives, and FX markets. CFN is the sponsor of the Alpha Alliance which is setting the standard for next generation infrastructure and providing leading edge trading solutions. For more information visit CFN Services website

About CFN Services

CFN Services provides high performance network and application delivery solutions for real-time, mission critical applications. Leveraging FiberSource^®, a global network optimization platform, CFN Services builds low-latency private cloud solutions to solve the performance challenges of latency and jitter in distributed IT environments. Whether the application and data are dispersed across town or around the globe, CFN Services deploys turnkey solutions within and between public and private data centers in North and South America, Europe, and Asia. For more information: http://www.cfnservices.com

Press Contacts:

Judy Misbin-May, CFN Services

+1-703-788-6633

judy.misbin-may@cfnservices.com

Solution enables customized delivery of direct-exchange-access market data

New York (PRWeb). — June 14, 2011 — CFN Services, a leading provider of managed high-frequency trading enablement services, and SIX Telekurs USA, the American subsidiary of the Swiss-based leading financial information vendor, announced today that they are deploying ultra-low-latency, direct-exchange-access market data on the Alpha Platform.

SIX Telekurs USA adds direct-exchange-access market data to its existing portfolio of market and reference data solutions, including the real-time MDFstream consolidated feed, calculated and evaluated pricing, and historical reference and tick data. Delivery options include access to raw market data in native format, as well as high-performance normalized direct exchange feeds. Leveraging the reach of the Alpha Platform™ to liquidity venues worldwide and embedded low latency ticker-plant solutions, the feeds will be available locally or at remote venues in native formats, or in the MDFstream format normalized for a single exchange feed or multiple feeds within an asset class.

The infrastructure that forms the foundation of the Alpha Platform™ provides ultra-low-latency market data delivery and trade execution for some of the world’s most sophisticated high-frequency trading firms. Trading application and market data vendors can now leverage this same infrastructure to jumpstart low-latency global delivery of their solutions, while trading firms can rapidly deploy these solutions in a high performance environment to capture more Alpha and increased trading profits. Read More

High Performance Private Cloud Platform Accelerates Market Data Delivery and Trade Execution Across Major Asset Classes and Liquidity Venues Worldwide

Herndon, VA (PRWeb). — June 14, 2011 — CFN Services, a leading provider of managed high-frequency trading enablement services, today announced the Alpha Platform™, a global high performance private cloud for automated trading. This low-latency market data and application delivery platform improves automated trading performance across key liquidity venues in the equities, options, futures, derivatives, and FX markets. It is a flexible and customizable platform that seamlessly integrates delivery of low latency market and event data with best-of-breed trading applications, all proximity hosted within the liquidity venues to accelerate trading performance.

The infrastructure that forms the foundation of the Alpha Platform™ provides ultra-low-latency market data delivery and trade execution for some of the world’s most sophisticated high-frequency trading firms. Trading application vendors can now leverage this same infrastructure to jumpstart low-latency global delivery of their solutions, while trading firms can rapidly deploy these applications in a high performance environment to capture more Alpha and increased trading profits. Read More

Companies’ first deployment is designed to enable Canadian website tracking aggregated market-data messages across North American exchanges

Herndon, VA (PRWeb). — June 16, 2011 — CFN Services, the leading provider of managed high-frequency trading enablement services, today announced that Exegy, the market leader in high-performance ticker plants, has selected the Alpha Platform™ to deploy the ultra-low-latency, hardware-accelerated Exegy Ticker Plant.

With unmatched throughput and ultra-low latency, the Exegy Ticker Plant processes and enriches data for the world’s leading collocated trading operations. A single Exegy Ticker Plant provides all the updates for www.MarketDataPeaks.com, the first public website that provides a minute-by-minute account of the aggregated volume of market-data messages across major North American exchanges.

“The Alpha Platform™ provides an ideal infrastructure for the Exegy Ticker Plant offering,” said Jeff Wells, Vice President of Product Marketing, Exegy. “Our first deployment with CFN Services will be at the Toronto data center where we plan to create a MarketDataPeaks website for Canada.”

The infrastructure that forms the foundation of the Alpha Platform™ provides ultra-low-latency market data delivery and trade execution for some of the world’s most sophisticated high-frequency trading firms. Trading application vendors can now leverage this same infrastructure to jumpstart low-latency global delivery of their solutions, while trading firms can rapidly deploy these applications in a high performance environment to capture more Alpha and increased trading profits.

“CFN Services has launched a premier platform for seamless integration of low-latency market and event data with high-performance trading applications,” said Sebastian Yoon, CFN Services’ Vice President of Financial Services. “We’re excited about bringing Exegy’s ticker plant technology to the Alpha Platform™, further expanding the market leading solutions it integrates across key liquidity venues worldwide.”

About Exegy Exegy provides ultra-high performance hardware-accelerated market data appliances (www.exegy.com/tickerplant) that efficiently process and enrich market data for the world’s leading financial organizations. Exegy’s unique market data products respond to financial organizations’ growing demands for low latency, reduced cost of ownership, and flexibility. Exegy’s products are compatible with leading operating systems and interconnects. For more information, please visit www.exegy.com.

About CFN Services in the Global Financial Markets CFN Services is a leading provider of managed high-frequency trading enablement services, providing solutions that accelerate market data delivery and trade execution for some of the most sophisticated financial markets participants worldwide. CFN Services operates the low-latency Alpha Platform™, a high performance global cloud that accelerates trading performance for automated traders across key liquidity venues in the equities, options, futures, derivatives, and FX markets.

About CFN Services CFN Services provides high performance network and application delivery solutions for real-time, mission critical applications. Leveraging FiberSource^®, a global network optimization platform, CFN Services builds low-latency private cloud solutions to solve the performance challenges of latency and jitter in distributed IT environments. Whether the application and data are dispersed across town or around the globe, CFN Services deploys turnkey solutions within and between public and private data centers in North and South America, Europe, and Asia.

Press Contacts:

CFN Services

Judy Misbin-May

+1-703-788-6633

judy.misbin-may@cfnservices.com

Exegy

Jeff Wells

+1-314-218-3626

jwells@exegy.com

Inside Market Data, an Incisive Media Publication, has named CFN Services, a finalist for the 2011 Inside Market Data – Best Data Networking and Infrastructure Provider. Inside Market Data and Inside Reference Data Awards recognize industry excellence with market data, reference data and enterprise data management. CFN Services is joined by 6 other firms in this category including; NYSE Technologies , Thomson Reuters, and Equinix.

“We are pleased to be included among the leading companies in this category,” said Mark Casey, President and CEO of CFN Services, “this recognition is validation of our commitment to our clients, and our optimized delivery of their market data and trading applications worldwide.”

Judges for this category include representatives from Morgan Stanley, JP Morgan Chase and HSBC among the 12-member panel. The awards are presented annually to recognize achievement in market and reference data, as well as enterprise data management. The winner of the 2011 award will be announced in New York on May 24, 2011.

Latency Improvements Today…Pay Tomorrow

Don’t let your existing carrier contract commitments keep you from picking up the phone today
Receive the Lowest Latency Solutions Available today

Contract flexibility available to accommodate your existing contract obligations.
CFN will delay billing of CFN Lowest Latency Services until your current contract expires.

Exclusive Guarantees from CFN Services

• Lowest Latency Available from Chicago to NY/NJ, Sao Paulo, Slough, London and Frankfurt
• Exclusive Provider for sub 1G bandwidth options (10Mbps, 50 Mbps, 100Mbps) with 1G also available.
• You dictate the bandwidth requirements for each location, flexibility to provision a single 1G to multiple locations
• Price and Latency Guarantees – you are assured to always have the lowest latency available and best pricing for the term of your agreement
• Portability Guarantees – CFN offers complete portability, as needs change, the infrastructure will respond accordingly to follow any trading strategy

Act early to ensure you receive the latency improvements expected on this route over the next 3 years.

Click here for more information

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

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

About the Author

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