Accessing data and executing trades can become bottlenecked by legacy market data systems and disparate solutions. In todayâs volatile markets, these solutions simply cannot handle the data volumes and speed needed to trade effectively for maximum returns. Understanding this, Telx offers financial customers a direct connection to ACTIV and other financial exchanges and companies to provide a single solution for managing financial firmsâ critical market data while limiting support costs.
âLow-latency market data used to be a competitive differentiator, but now itâs a necessity,â says Frank Piasecki, cofounder and president of ACTIV Financial. âWorking with Telx enables ACTIV to provide a simple and cost-effective solution for provisioning low-latency market data into our customerâs electronic trading systems. With Telxâs expertise managing colocation facilities and connections, ACTIVâs customers can focus on executing trades that drive profits, rather than managing their market data or hosting environment.â
Customers can locate their corporate trading platforms right next to ACTIVâs ticker plant, accessing low-latency global consolidated market data from a single connection. In addition, Telxâs direct connections to other trading systems, clearing houses, settlement systems, market data distributors and other core industry systems produce even more value to joint customers; enabling ACTIV customers to gain increased speed and a competitive advantage with market-moving data delivered in milliseconds.
âNetwork up-time and no-delay trading continue to be key requirements in the financial services industry,â said Gary Rashed, Operations Manager at Gargoyle Strategic Investments LLC. âThis partnership provides us with the right mix of high-quality infrastructure and market-leading data that meets our needs in a simple, cost-effective way.â