Herndon, VA (PRWEB) September 24, 2012
CFN Services (http://www.cfnservices.com), a leading provider of managed automated trading enablement services, announced today that Deutsche Börse has selected CFN Services’ Alpha Platform™, the company’s global, private cloud for ultra-low-latency market data delivery and trade execution, to deliver AlphaFlash, Deutsche Börse’s low-latency, machine-readable macroeconomic and corporate news feed.
The collaboration between CFN and Deutsche Börse further extends the footprint of the AlphaFlash product range and provides low latency access to market moving macroeconomic data in CFN’s markets in North and South America, Europe and Asia.
AlphaFlash delivers more than 300 machine-readable economic indicators from the U.S., Canada, Europe and Asia at millisecond speeds. Data content includes central bank interest rate decisions, employment numbers, housing statistics, gross domestic product figures, U.S. and international treasury auction results, German corporate news as well as Fitch sovereign rating announcements. Alpha Flash can be integrated directly into trading algorithms.
“By using CFN’s Alpha Platform, we are adding connectivity options for our news feed AlphaFlash in 23 venues across the globe. We already offer direct connectivity to AlphaFlash in key financial centers, but with the help of CFN’s platform we are adding important locations such as Moscow, Hong Kong, Seoul, and Paris,” said Clint Rhea, COO, Need to Know News. Need to Know News is a wholly owned subsidiary of Deutsche Börse Market Data & Analytics that supports the AlphaFlash product range.
Inclusion of Deutsche Börse in the Alpha Alliance™ extends the low-latency global access of corporate and macroeconomic news for automated trading. CFN’s Alpha Alliance brings together leading-edge technology and trading ecosystem providers that have set a standard of excellence by providing best-of-breed trading applications on CFN’s Alpha Platform.
"Our goal is to continue expanding the availability of best-of-breed trading applications and market data on the Alpha Platform, while providing a clear latency advantage,” said Mark Casey, President and CEO of CFN Services. “This partnership demonstrates Deutsche Börse’s and CFN’s strong commitment to delivering the lowest-latency market data providing market participants the ability to more cost-effectively expand the reach of their trading strategies around the globe.”
About Deutsche Börse – Market Data & Analytics
Deutsche Börse is one of the world’s leading service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire value chain from trading, through clearing, to settlement and securities custody. Deutsche Börse Market Data & Analytics collects, refines and disseminates capital market-relevant data. The product range includes price data, trading statistics, analyses, master data, financial news and approximately 8.600 indices that document what is happening on the international financial markets and make it transparent.
About CFN Services in the Global Financial Markets
CFN Services is a leading provider of automated trading enablement services that improve trading performance for some of the world’s most sophisticated financial markets participants. CFN developed the Alpha Platform™, a high-performance, global cloud for ultra-low- latency, market data delivery and trade execution across key liquidity venues and major asset classes worldwide. Buy-side, sell-side and trading application providers leverage CFN’s global, low-latency networks and proximity-hosted infrastructure to seamlessly integrate proprietary and best-of-breed trading applications. For more information about CFN’s infrastructure services and managed trading solutions, please visit: http://www.cfnservices.com/alphaplatform.
About CFN Services
CFN Services provides high-performance network and application delivery solutions for real-time, mission-critical applications. Leveraging FiberSource®, CFN’s global network optimization platform, the company deploys and manages low-latency networks and private cloud solutions to cost-effectively improve application performance in distributed IT environments. CFN’s global cloud platform connects more than 70 leading data centers across North and South America, Europe and Asia. For more information, please visit: http://www.cfnservices.com.