Yipes FinancialConnect! is the first-ever Ethernet-based extranet for electronic trading capable of directly delivering financial market and exchange data to banks, brokers, hedge funds, and institutional investors.
The announcement makes NYSE the most recent addition to a blue-chip list of exchanges, Electronic Communication Networks, and trading platforms currently using Yipes FinancialConnect! and further validates Ethernet as the next-generation network of choice. The dramatic rise in electronic trading volume continues to be a major issue for exchanges at all levels, making trading technology and connectivity innovation increasingly important. The rapid growth of Yipes FinancialConnnect! suite of services underscores Yipesâ ongoing evolution from simply delivering high-speed broadband, to enabling high-value content within the financial community.
Yipes currently links hundreds of financial services firms to member exchanges and trading platforms. These organizations use Yipes to secure fast, cost-effective, and ultra-low-latency access to critical market information and services at instantly scalable speeds. The result is faster trade execution and increased order fulfillment.
The Yipes network is uniquely equipped to address the changing needs of todayâs financial community. Yipes FinancialConnect! uses Yipesâ secure, global, fiber-based network and guarantees connectivity with industry-leading service level agreements (SLAs).
âThe addition of the Yipes FinancialConnect! platform will provide NYSEâs member firms the increased speed, scalability, and simplicity unique to the Yipes Ethernet-based financial extranet. The NYSE is taking an active role in shaping the future of electronic trading, from its SuperDotÂ® order routing system to its NYSE Hybrid Market(SM) model and NYSE Arca systems,â said John Panzica, Yipes general manager for financial services.