Networking, consulting and technology solutions provider HFT Technologies LLC have announced a new method of subletting data center capacity at major financial exchanges around the world.
Carrying the “Co-Location Co-Operative” moniker, the primary intention is to provide trading firms with a single resource for adding or subletting available capacity.
HFT Technologies specializes in infrastructure and application development specific to algorithmic trading and market making. Additional services include global co-hosting, 24/7 server maintenance and monitoring as well as custom programming. The company was established 15 years ago and continues its focus on low latency high-speed trading technology mostly concentrating on exchange connectivity, LAN/WAN design, proximity co-location, and algorithmic trading application design and engineering.
Forex Magnates reported on HFT’s development of a low latency CME feed handler and order gateway in October last year, and it will be interesting to see how widespread the use of this will be now that the company can provide an easy method of accessibility.
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“We found that some of our clients were paying for extra capacity they did not need, while others wanted to add capacity at several exchanges,” said Tony Verga, CEO, HFT Technologies. “Our new service allows financial firms to add or sublet the amount of space they need, as they need it, from each exchange.”
Currently, the new HFT Co-Location Co-Operative has space available at CME Aurora DC3, Telx 350 Cermak, eSpeed Rochelle Park, Equinix NY4 Secaucus, Equinix NY2 Secaucus, Equinix FR2 Frankfurt, NASDAQ Carteret, NYSE LIFFE Basildon among certain other global trading centers.
Organizations which use the service will be able to gain the same access to real-time market data, network proximity and fully hosted solutions that are available directly from each exchange, without a commitment to a long-term contract or to a large capacity. By liquidating extra bandwidth through the new product, firms are able to free up assets for other needs.
In addition, this facility offers an affordable HFT Developers Lab at Telx 350 Cermak. With a co-located server, VPN access and development-only market data for CME, CBOT, NYMEX, COMEX, the CME-certified HFT Developers Lab is an ideal trading development platform.
Upgrade options for all HFT Technologies Co-Location Co-Operative tenants include the sub-4 microseconds Ultra Low Latency Price Feed Handler and FIX Gateway from HFT Technologies.