Low Latency NewsOptimizing the Power of Your Network
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What 7.99ms how is that possible?? By utilizing optimal spans from available carriers CFN Services is able to create the lowest latency solution from 350 Cermak to 1400 Federal. Not only does this low latency exist, it is guaranteed. Limited Availability so inquire immediately. www.cfnservices.com/electronic_trading.asp
Herndon, VA (PRWeb) June 25, 2009, 2009 No longer can a trader meet their low latency requirements by just collocating in the same facility as the exchanges. The exchanges are spread out now, and so is the market data essential to successful execution of trading strategies. Traders need to find the optimal combination of space and network configuration that is central to the market data feeds and the exchanges they are trading on. That is why CFN Services is extending FiberSource Advisor® to include a Financial Services specific practice. Working with CFN Services FiberSource Advisor® to help meet low latency requirements allows Trading Firms the ability to focus resources on the trading environment, platform, messaging, algorithms and other essential key areas. FiberSource Advisor® provides the trading firm a roadmap to optimize their network; helping plan and configure the optimal collocation sites, lowest latency networking solutions, and peace of mind achieved with full disclosure of all options available.
CFN Services is a leading ultra low latency and custom fiber optic network integrator in the financial industry; offering specific Ultra Low Latency solutions for the trading areas in a growing number of financial centers globally including Toronto, Chicago, New York/New Jersey Metro, Washington, DC, London, and Frankfurt. CFN Services sets themselves apart from other transport vendors by offering: carrier neutrality, FiberSource Advisor® professional services, fully managed services, and the ability to design custom fiber networks.
CFN Services specializes in designing, implementing and managing high performance, low latency fiber networks. CFN is a custom fiber network provider, not simply a supplier of circuits. This is a unique advantage to a trading firm, because CFN and their FiberSource Advisor® professional services, can assist in the overall plan and development of the financial network to ensure optimization based on each firm’s unique priorities for market data delivery, trade execution, clearing data, and internal IT operations. CFN Service’s FiberSource Advisor® offering provides sophisticated financial trading firms with multiple network configuration options that fully leverage their existing network investments while providing a growth path and simultaneously lowering latency.
As a spin off of CSX Corporation, CFN Services carries on a 20-year legacy in fiber network deployment and management. CFN Services’ proprietary FiberSource® knowledge-based platform delivers access to over 500 carrier networks globally including more than 100 submarine systems; providing direct visibility into all available dark and lit fiber options, collocation facilities, and metro fiber rings for optimal deployment to any global financial center worldwide. Through FiberSource Advisor® CFN Services’ combines its vast telecom knowledge base with extensive experience in lit and dark fiber network design and implementation to provide trading firms with an edge on all aspects of MAN and WAN network deployment. CFN’s engineers articulate and provide recommendations on optimal transport architectures across technologies including WDM, SONET, Ethernet, IP, and MPLS. FiberSource Advisor® will help traders lower latency on their existing routes, while optimizing the overall transport network inclusive of future growth plans.
As David Conrad, VP of Sales at CFN Services has observed, “ Partnering with CFN Services and utilizing FiberSource Advisor® provides trading firms the confidence and assurance that they are getting the best network solutions to meet their unique needs. With a view to all available fiber, including that of Utilities, Carriers and Dark Fiber providers; we enable our clients to rapidly sift through a typically daunting array of network options and providers to get to the optimal solution based on their specific requirements. Working with CFN as an integrator ensures carrier neutrality and eliminates the typical network operator’s bias for their own, often sub-optimal, end-to-end solutions.”
For more information about CFN Services and FiberSource Advisor® www.cfnservices.com
About CFN Services
CFN Services is a managed telecom infrastructure services company providing network services for the Enterprise, Public Sector and Carrier Markets. Specializing in network planning, deployment, and managed services, including local access transport, low latency networking, and mobile backhaul optimization, CFN Services leverages the company’s flagship FiberSource® network planning and optimization platform. CFN Services has provided network planning and deployment services to some of the leading wireless and wireline network operators including Verizon, AT&T, Level 3 and Sprint. For more information please see http://www.cfnservices.com.
Contact: Judy May – 703-788-6633; Judy.May@cfnservices.com
LONDON & KANSAS CITY, Mo.–(BUSINESS WIRE)–BATS Europe, an innovative and technology-leading European Multilateral Trading Facility (MTF), plans to continue inverted pricing for the NYSE Euronext indices — CAC 40, AEX and BEL20 — and select exchange traded funds (ETFs) through July, and will also reduce the liquidity removal fee for those securities to 0.25 bps as of the 1st of July.
In addition, following the successful launch of three pilot ETFs, BATS Europe is further expanding its stock universe by adding 20 actively traded ETFs. All ETF instruments will be included in the inverted pricing schedule for July.
In June, BATS Europe has set one-day market share records in the CAC 40 (7.55%), AEX (5.37%) and BEL20 (4.60%) as well as in major indices in London (6.40% in the FTSE 100) and Germany (5.65% in the DAX).
“We thank our participants for their tremendous response to our inverted pricing in June and are pleased to extend the special into July whilst offering further incentive for participants to trade their CAC 40, AEX, BEL20 and ETF order flow on our efficient and reliable trading platform,” said Mark Hemsley, CEO of BATS Europe.
BATS Europe recently recorded one-day notional value and overall market share highs in June of €1.24 billion traded with a 4.02% share of the European market.
BATS Exchange, BATS Europe’s sister company in the U.S. and the world’s third-largest securities exchange operator in terms of notional value traded, ran similar inverted pricing schedules in January 2007 and September 2007 and gained significant market share on both occasions, growth which continued after BATS Exchange returned to its normal pricing plan.
For more information, participants can contact the BATS Europe Trade Desk (+44-207-012-8901, TradeDeskEurope@batstrading.com) or their account manager.
About BATS
BATS Global Markets (BATS) is an innovative global financial markets technology company headquartered in the Kansas City, Mo., area with additional offices in New York and London. The BATS platform was launched in January 2006 and, operating as BATS Exchange, Inc. is one of the fastest growing, top tier equity markets in the United States. BATS serves the European market through its London based, FSA-authorised subsidiary, BATS Europe, which operates a Multilateral Trading Facility for European securities. The BATS platform is internally developed by a dedicated core team of market and technology professionals, catering to the needs of the broker-dealer and trading community. BATS … Making Markets Better.
CFN Services has launched a low latency network service from Chicago to New York. The new service offers customers secure low latency connectivity between data centres at 350 East Cermak Road in Chicago and 60 Hudson Street, NYC; 275 Hartz Way, Secaucus, NJ; and 300 Boulevard East, Weehawken, NJ; establishing direct connections to increasingly fragmented sources of liquidity and market data.
“Latency in the network is becoming a key variable for traders to differentiate themselves. Securing an Ultra Low Latency connection between Chicago and New York is providing many traders an opportunity to lower their existing latency on this route” states Wil Tirado, VP Engineering at CFN Services. “Working with an integrator such as CFN Services, trading firms have the option to customize their network design to provide competitive advantages. CFN Services also provides our clients with the option of an individualised lower latency migration plan ensuring they are continually decreasing their latency. No Service Provider offers such a guarantee.”
CFN Services has built a low latency fibre network by identifying and utilising optimal spans from all available carriers. With its FiberSource design platform, it is able to access over 500 carrier networks globally.
