Alpha Platform™ helps streamline the process of providing time-sensitive, actionable news and information at an affordable cost.
Herndon, VA (PRWEB) June 27, 2011
CFN Services, the leading provider of managed high-frequency trading enablement services, today announced that RTTNews, a global financial news services firm, has selected CFN Services’ Alpha Platform™ to enable a machine-readable, low-latency news service for automated trading. With the launch of the new service powered by the Alpha Platform™, RTTNews builds on its 13-year history of providing timely solutions to financial markets.
“CFN’s Alpha Platform™ helps streamline the process of providing time-sensitive, actionable news and information at an affordable cost,” said Andrew Mariathasan, President of RTTNews. “RTTNews is well-positioned to meet the needs of institutional clients and all types of traders that would like to utilize news and information as part of automated trading, including event-driven trading.”
RTTNews provides real-time corporate, economic, political, and general news to the online traders and investors through Direct Market Access (DMA) platforms and market data providers. Many widely recognized foreign exchange trading platforms (FOREX) also offer RTTNews’ in-depth economic, geo-political, and all other news and information that impact the currencies, commodities and futures markets.
CFN Services’ Alpha Platform™ is a global high-performance private cloud for automated trading. It is a flexible and customizable platform that seamlessly integrates delivery of low-latency market and event data with best-of-breed trading applications—all proximity-hosted within liquidity venues to accelerate trading performance.
“CFN Services’ premier platform lowers the cost barrier for global product develployment, offering plug-and-play integration of news data with high-performance trading applications,” said Sebastian Yoon, CFN Services’ Vice President of Financial Services. “We’re excited that RTTNews will utilize the Alpha Platform™ for its low-latency content offerings.”