NEW YORK, N.Y., October 18, 2005 - Sector, Inc.Â®, a leading managed services, communications, and data distribution provider for the financial services industry, and its parent company the Securities Industry Automation Corporation (SIACÂ®), the company that developed the Secure Financial Transaction Infrastructure, SFTIÂ®, today announced that clients can utilize SFTI B2BSM for communications services, including order flow, to the Philadelphia Stock Exchange (PHLX). The SFTI B2B service from Sector enables firms to employ existing connectivity to SFTI to communicate with exchanges, market centers and content service providers not hosted by SIAC.
"The Philadelphia Stock Exchange is pleased to be able to offer our customers the ability to access our products via the Secure Financial Transaction Infrastructure," stated William H. Morgan, Executive Vice President and Chief Information Officer, Philadelphia Stock Exchange. "In addition to SFTI's nationally recognized resiliency and redundancy, the business-to-business service allows customers to access multiple Financial Centers from a centralized, highly redundant connection thus reducing existing dual connection charges to multiple market centers."
"We are very pleased to welcome the Philadelphia Stock Exchange to the growing list of exchanges on the SFTI B2B network," stated Allan Graham, Senior Vice President at Sector. "We will be working closely with PHLX to help clients determine bandwidth needs based on their architecture, system and market needs." Powered by SFTI, SFTI B2B allows clients to connect to PHLX for order flow applications such as PACE and AUTOM.
SFTI is nationally recognized for its resiliency and redundancy. Based on proven state-of-the-art technology, SFTI B2B provides clients with a communications platform of unparalleled diversity and reliability that will carry their order flow and other critical data communications through a closed, high bandwidth, optical and highly available network. SFTI has garnered industry-wide acceptance and endorsements from numerous government agencies and industry organizations including, the Presidentâs National Security Telecommunications Advisory Committee (NSTAC), The U.S. Treasury Department, the Government Accountability Office (GAO), the Securities Industry Association, and the Bond Market Association.
In addition to connectivity to SFTI B2B, Sector offers multiple WAN technologies and architects customers "first mile" service with vendor and route diversity.