Driven by the continued demand for market data and increased transaction traffic, Intercontinental Exchange (NYSE:ICE), the company that owns the New York Stock Exchange (NYSE), has integrated its Secure Financial Transaction Infrastructure (SFTI®) and 7ticks network into a combined product called Connectivity.
The new offering will act as a financial transaction network and foundation infrastructure for ICE’s Data Services which the exchange operator invested in to increase the available capacity and performance of SFTI’s fiber network, and to introduce wireless network alternatives.
Intercontinental Exchange has recently announced several enhancements to its ICE Data Services, intended to strengthen its position as the industry’s third-largest data vendor, behind Bloomberg and Thomson Reuters.
ICE Data Services provides customers with connectivity and analytics solutions to global exchanges and content service providers via dedicated data circuits, with a range of proprietary data and tools for global markets across fixed income, equities, commodities, FX and options.
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ICE has also added Continuous Evaluated Pricing (CEP) to its SFTI network. Using SFTI, clients can connect to over 150 global markets and content service providers including the New York Stock Exchange and ICE global markets. In addition, it provides access to 450 normalized real-time data feeds through the ICE Data Consolidated Feed.
As part of the new offering launch is the roll-out of SFTI Wireless, provided by Anova Technologies, which offers customers additional capacity, performance and flexibility while reducing connectivity latency for market data and order flow between ICE’s Mahwah Data Center and the co-location facilities in Carteret and Secaucus, New Jersey.
Commenting in the press release, Lynn Martin, President and COO of ICE Data Services, said: “Our expanded connectivity services build on our secure, resilient and private SFTI network together with the 7ticks low-latency network to offer market participants flexible solutions to meet their needs.”
“We’re delivering an innovative and comprehensive service for our customers to connect to over 150 global markets and content service providers including the New York Stock Exchange, ICE’s global markets, alternative trading systems, clearing and settlement services, and market data vendors. Connectivity provides an all-in-one solution across networking, co-location, and market data and direct execution needs,” he added.