Telx, a provider of co-location and interconnection to the financial industry, and Activ Financial, a provider of market data content and technologies, have partnered to offer secure, low-latency market data and co-location services to the financial industry.
According to Telx, Activ has capitalized on its connectivity to streamline the distance market data travels and deliver customers speed for a trading system.
In addition, by keeping its network connections in New York City, Activ reduces latency and potential points of network failure and helps to ensure maximum network up-time and minimum delays in traffic.
Telx has said that it offers financial customers a direct connection to Activ and other financial exchanges and companies to provide a single system for managing financial firms’ critical market data while limiting support costs.
Frank Piasecki, co-founder and president of Activ Financial, said: Working with Telx enables Activ to provide a simple and cost-effective solution for provisioning low-latency market data into our customer’s electronic trading systems. With Telx’s expertise managing co-location facilities and connections, Activ’s customers can focus on executing trades that drive profits, rather than managing their market data or hosting environment.