"Liquidity in a pipe" launched by Exponential-e
Exponential-e, the UK’s most advanced Next-Generation-Ethernet service provider, today announced the launch of its new financial data feed service. The new service forms part of a wider launch, also being announced today, of the company’s specialist new unit dedicated to servicing the needs of the financial equity industry.
Exponential-e’s financial data feed service, dubbed “Power-X” provides feeds from London’s new multilateral trading facilities down a single high-speed connection. Customers can receive 100mbps or more of high-speed secure Ethernet connectivity pre-loaded with trading data from four new London stock exchanges. Other financial and network applications can also be offered as part of this converged service.
The “one pipe” trading data solution removes the need for complex and costly networks which have traditionally prevailed. Each financial data feed is separated within highly-secure VLANs and presented to the customer on physically separate ports. Bandwidth management and quality of service parameters are applied as distinct classes of services per VLAN.
Power-X will be attractive to financial services companies wanting to take advantage of the newly-liberalised post-MiFID market and needing access to the full range of alternative execution venues and their services.
Lee Wade, CEO, Exponential-e said “Our bundled service offers fast, low-latency and secure access to Chi-X; Turquoise; BATS Trading and NASDAQ OMX and another 31 global financial exchanges will become live later this year”.
Power-X is one solution being offered from Exponential-e’s new Financial Markets Community, a specialist multi-service connectivity and applications model for the finance world. A networked community of buy-side and sell-side financial organisations are hosted on a high-speed resilient Ethernet platform. Customers sitting within the community are able to easily and cost-effectively connect to each other, trade and share rich financial content and applications.
Wade added, “We’ve simplified, consolidated and lowered the cost of data distribution and trade-execution with our Next-Generation-Network. The Financial Markets platform is a high-speed, resilient, Ethernet network providing uninterrupted uptime and trading capabilities and backed up with tight service levels and end-to-end fault management”.
Designed for latency-sensitive trading applications, Exponential-e’s next-generation network supports the industry’s move to algorithmic trading, direct market access and best execution policies.
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About Exponential-e’s Financial Markets Community
Exponential-e’s finance unit is dedicated to serving the needs of the finance industry. Designed for latency-sensitive trading applications, Exponential-e’s next-generation network supports the finance industry’s move to algorithmic trading, direct market access and best-execution policies. Low-latency connectivity, financial data feeds and associated applications and services are available to the finance community. The company’s Financial Markets Service Creation Platform (FM-SCP) is a networked community of buy-side and sell-side financial organisations. Hosted as a single community from Exponential-e’s high-speed, secure and scalable Ethernet network, members get all the advantages of peer-to-peer connectivity and a simple, secure and private environment from which to connect with each other and share financial data and applications.
Exponential-e Finance is the equity markets and financial services arm of Exponential-e Ltd the UK’s most established provider of MPLS-based VPLS services and next-generation Ethernet applications to enterprise.
Exponential-e currently has more than 150 financial institutions within its FX-SCP connecting, trading and sharing rich content.
For more information visit www.finance.exponential-e.com or contact:
+ 44 (0) 20 7096 4098
helen.simpson@exponential-e.com