As a part of a strategic venue expansion effort, NetXpress now offers connectivity to the NFX matching engine in the 350 E. Cermak datacenter. The low latency connectivity may also be accessed in any of the NetXpress datacenter locations.
Craig Spital, partner at NetXpress, states, “We are excited to expand our collaboration with Nasdaq by adding another venue for our energy focused trading customers. NFX provides our trading customers with access to additional liquidity so that they can manage their trading and hedging needs more efficiently.”
The NetXpress core mission continues to be known as the premier service provider for the electronic trading community. The firm’s top priority is to skillfully service the critical needs of client trading environments.
NetXpress was founded by industry veterans, Moshe Siegel and Scott Feagans. NetXpress is a managed service provider for trading participants, dedicated to facilitating nanosecond latency, transparency and resiliency.
NetXpress is an innovator in the managed services space, providing financial firms with a latency edge for exchange connectivity. By deploying a unique layer1 distribution, NetXpress has minimized the burden of excessive switch hops with an entirely flattened network within its co-location data centers. This strategic network design is tied together by the NetXpress global backbone.
NetXpress has fully managed service locations in: Aurora, 350 E. Cermak, Secaucus NY2/4, Carteret, Basildon, Slough LD4, Frankfurt FR2 and TMX Markham.
About Nasdaq NFX
Nasdaq Futures, Inc. (NFX or Exchange) is a Designated Contract Market regulated by the U.S. Commodity Futures Trading Commission (CFTC). NFX is a wholly owned subsidiary of Nasdaq, Inc. (Nasdaq: NDAQ), a leading provider of trading, exchange technology, information and public company services across six continents.
NFX is an all-electronic exchange utilizing Nasdaq’s high-performance and proven technology, which provides market participants with advanced functionality for central limit Order Book (“CLOB”) trading as well as real-time Off-Order Book trade reporting on the same Trading System (trading platform). The Exchange offers the opportunity to trade a competitive mix of new Futures and Options products on a 23 x 5 hours/days basis.