SOURCE: telx

Telx

October 20, 2009 08:55 ET

Managed Services Provider 7ticks Expands Relationship With Telx

New Chicago Data Center Space Offers Telx Customers Direct Market Access and Ultra Low Latency Connections via 7ticks Network

NEW YORK, NY and CHICAGO, IL--(Marketwire - October 20, 2009) - Key Highlights:

--  Brokers and hedge funds customers of 7ticks now have direct market
    access to approximately 7,000 member firms through the Telx Financial
    Business eXchange, FBX.
--  7ticks offers existing Telx hosting customers the lowest latency and
    best possible routing to available exchanges.
--  Prime location accommodates 7ticks business expansion in Chicago.
    

Telx, one of the largest domestic interconnection and colocation data center operators, announced today electronic trading networks and managed services leader 7ticks will expand its presence in Telx's facility at 350 East Cermak Road in downtown Chicago. The expansion is part of an ongoing effort by Telx and 7ticks to connect the capital markets communities to offer greater opportunities for proprietary trading groups, brokers, and hedge fund managers to gain direct exchange access through proximity hosting. The companies also strive to provide capital market customers a competitive advantage through the lowest latency network connectivity and best possible routing available on the market today. The expansion gives 7ticks additional colocation space and expands the reach of 7ticks' direct exchange access to such exchanges as the CME Group and the IntercontinentalExchange (ICE). Existing Telx customers at the Chicago location will now be able to easily and directly connect into 7ticks' growing worldwide network.

"Telx has impressed us with their ability to offer a cost effective blend of datacenter space and power with readily available interconnectivity," said Joe Bigane, Managing Director for 7ticks. "We're also excited by their commitment to the global marketplace. With access to some of the world's key exchange markets covering all major asset classes, Telx houses the scope of applications required throughout trading communities. We now are able to offer this access to our clients through Telx, and we are confident Telx will provide our clients with the resources they need to grow."

The technology used by today's financial markets must offer the data volume and speed needed to effectively access data and execute trades for maximum returns. Understanding this, Telx offers capital market customers direct connections to 7ticks and a variety of other exchanges, data providers, order management vendors, and other companies to offer a single solution for managing market data and trading orders while minimizing capital expense for technology.

"Low latency and proximity hosting used to be competitive differentiators, but they are increasingly becoming necessary to be successful in the financial marketplace," said Bill Kolman, Executive Vice President of Sales for Telx. "Telx specializes in providing the secure, reliable market access via some of the lowest latency connections available in the industry today, as well as offering the best hardened facilities and support services to meet every customer need. And, the Telx data center gives our tenants access to the services of the other tenants in the Telx financial ecosystem. It's an exciting win-win for our customers and their communities."

Telx recently launched its Financial Business eXchange, FBX, a business unit devoted to global partnerships with capital markets customers and their communities, to create some of the industry's fastest and most direct market connections between market data vendors, order management vendors, sell-side/broker dealers, and buy-side/hedge funds.

About Telx

Telx is a world-class leader in providing interconnectivity solutions through their network-neutral and network rich, colocation facilities. With 15 facilities in North America, Telx offers cost effective networking solutions for customers to seamlessly access diverse global networks and exchange information in a secure and reliable environment. More than 700 leading telecommunications carriers, ISPs, 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 headquartered in New York City with four facilities in the New York Metro area, two facilities in Chicago, two facilities in Dallas, three facilities in California, (Los Angeles, San Francisco, Santa Clara) and facilities in Atlanta, Miami, Phoenix and Charlotte, N.C. For more information about Telx, visit http://www.telx.com.

About 7ticks

7ticks is the driving force in high performance trading networks and managed services for direct access to the financial markets. The 7ticks team provides electronic trading infrastructure design, procurement, installation, and hosting services that are enhanced by ongoing management, support, and monitoring solutions.

Proprietary trading groups, clearing firms, global investment banks, brokers, market makers, hedge funds, and independent software vendors (ISVs) choose 7ticks for industry leading network performance, reliability, monitoring insight, and cost savings. 7ticks is headquartered in Chicago, IL and has an active worldwide presence, providing direct market access to leading exchanges and proximity/support services in Chicago, New York, New Jersey, Frankfurt and London. For more information about 7ticks, visit http://www.7ticks.com.

Contact Information

  • Contact:
    Karyn Price
    Bailiwick Company for Telx
    +1 609 397 4880 ext. 204
    Email Contact

    Karen Bertoli
    7ticks
    Director - Communications Strategy
    +1 312 498 5366
    Email Contact