Herndon, VA (PRWEB) October 10, 2011
CFN Services, Inc., the leading provider of managed high-frequency trading enablement services, announced today that Selerity, a provider of real-time event data solutions for the financial services industry has selected CFN Services’ Alpha Platform™ to extend low-latency access to its event data worldwide. Electronic traders can now access Selerity’s low-latency event data locally without the use of long-distance telecommunications infrastructure in all major global financial centers.
CFN’s Alpha Platform significantly decreases the time and costs associated with prospective clients evaluating Selerity’s event data in real-time that do not have infrastructure in Selerity’s current datacenters located in Chicago, New Jersey, or Frankfurt. The combination of CFN’s global market data solutions and co-located access to Selerity’s market-moving event data creates an industry-leading, integrated event-based trading solution.
Real-time event data is a critical component in many of today’s multi-factor trading and risk-management strategies. The ability to gain access to various market-moving events in real-time to incorporate into their global investment strategies can offer trading firms a distinct competitive advantage. Because many of Selerity’s event data sets are locally produced and distributed, trading firms can benefit from obtaining Selerity data close to specific trading venues with the lowest latencies possible.
“With Selerity’s existing physical presence in Chicago, New Jersey and Frankfurt, the Alpha Platform will expand our reach to a broader global audience,” said Ryan Terpstra, founder and CEO of Selerity. “Integration with CFN’s Alpha Platform provides optimized low-latency connectivity to all the major financial datacenters around the globe including Toronto, London, Tokyo, Brazil and additional NY/NJ metro area trading venues.”
CFN’s Alpha Alliance™ consists of leading-edge technology and trading ecosystem providers such as Selerity that have set a standard of excellence through the seamless integration of third-party and proprietary trading technologies, applications and services worldwide. CFN Services’ Alpha Platform is a global, high-performance trading platform for automated trading. With a flexible and customizable platform, it seamlessly integrates the delivery of low-latency market data with best-of-breed trading applications – all proximity-hosted within liquidity venues, to accelerate trading performance.
“Selerity customers can now take advantage of CFN Services’ global footprint, high-performance infrastructure and our commitment to delivering market-leading trading applications with best-of-breed providers,” said Mark Casey, President CFN Services. “We’re pleased to partner with Selerity to bring the capabilities of this platform to a broader segment and deliver enhanced solutions that better serve today’s competitive financial markets.”
Selerity is a real-time financial information and media company that focuses on capturing and delivering breaking events using innovative technology. Using proprietary real-time search and in-house capital market experts, Selerity monitors authoritative, primary sources for events that impact the financial markets such as corporate earnings, economic reports, energy statistics, and credit rating changes. Selerity's information products deliver clients both machine-readable event data and actionable news in
real-time. Customers use Selerity's platform to make accelerated decisions by incorporating event data and news into their investment strategies.
About CFN Services in the Global Financial Markets
CFN Services is a leading provider of managed high-frequency trading enablement services, providing solutions that accelerate market data delivery and trade execution for some of the most sophisticated financial markets participants worldwide. CFN Services operates the low-latency Alpha Platform™, a high performance global cloud that accelerates trading performance for automated traders across key liquidity venues in the equities, options, futures, derivatives, and FX markets. For more information, please go to: http://www.cfnservices.com
About CFN Services
CFN Services provides high performance network and application delivery solutions for real-time, mission critical applications. Leveraging FiberSource®, a global network optimization platform, CFN Services builds low-latency private cloud solutions to solve the performance challenges of latency and jitter in distributed IT environments. Whether the application and data are dispersed across town or around the globe, CFN Services deploys turnkey solutions within and between public and private data centers in North and South America, Europe, and Asia.
Jennifer Handshew, CFN Services