Looking around, it is evident that our competitors have adopted a more traditional network architecture which relies on a series of network layers for exchange access and multi-client distribution architecture. With larger deployments, the distribution network becomes even more complex, adding significant latency to your trading network. This model typically has several switch hops (we’ve seen 4-5 in some cases…ouch!) As a result, even if a competitor has deployed low latency switches for each of these hops, such as Arista 7150s, the latency of your trading stack is increased by 760ns -1400ns.
As we advance nearer to January of 2018, the topic of MIFID II compliance has become very prevalent in my meetings with trading firm executives. Specifically, the RTS 25 (time stamping requirements) is a frequent point of discussion. Although it has recently been defined as a technical standard, precise time stamping is not a new requirement.
CHICAGO – Oct. 10, 2017 – NetXpress, LLC has announced the expansion of its strategic relationship with Nasdaq.
As a part of this expansion effort, NetXpress now offers colocation at the Nasdaq Carteret datacenter in New Jersey. This datacenter location serves as an extension to the NetXpress global backbone, and provides NetXpress trading clients low latency network provisioning for the Nasdaq markets. In addition to this new point of presence (PoP), NetXpress onboarded eSpeed connectivity services.
There are several elements in building a financial trading network that are heavily debated within the financial community. Should a trading participant build out a dedicated trading environment and “go direct” with the data centers, exchanges, hardware and telco procurement and the respective in-house personnel supporting the environment on a 24x7 basis? Or should the firm consider outsourcing some or all of these functions to a Managed Service Provider (MSP)?
Chicago, London – May 24th, 2017 – NetXpress, a specialist managed services provider for market data, has selected BSO’s global low-latency connectivity network to deliver U.S clients seamless access to emerging markets.
CHICAGO – April 11, 2017 – NetXpress announced today it has officially become an extranet provider of the Nasdaq Nordic Markets.
This strategic advancement provides NetXpress with the capability to provide direct exchange connectivity to the Nasdaq Nordic Markets for financial clients who require it. NetXpress continues to expand its global network through the provisioning of Nasdaq connectivity and colocation services in London, Slough, as well as, the global NetXpress network.