Quincy Data Launches Low Latency PoP - 4.12 Milliseconds Between NJ2 & Aurora, IL
by
Andrew Saks McLeod
Quincy Data has today announced the establishment of a Point of Presence connection at the NJ2 data center in Weehawken, New Jersey, providing ultra low latency connectivity to Aurora, Il.
Extremely high Execution speed in electronic trading has been a priority of infrastructure and technology companies alike in North America this year.
Various methods of achieving low latency are now in operation, and today marks another example of a connectivity company responding to the demand for effective execution, a subject of great interest within the industry, which was discussed recently on the Forex Magnates Meet The Experts Forum.
Quincy Data, a company employing microwave technology rather than traditional cabling, has today announced that it has expanded its QED market data solution by unveiling a point of presence at the NJ2 Data Center in Weehawken, New Jersey, operated by the Savvis division of Century Link.
Race To Zero
According to Quincy Data, the result of this dedicated connection is that firms co-located in NJ2 can now receive select futures data from CME Group’s data center in Aurora, IL in 4.14 milliseconds.
The company considers its addition of NJ2 to be the latest milestone in the company’s strategy to level the playing field for all latency sensitive consumers of exchange data.
Quincy Data already offers a low latency market data connection between Aurora and 350 E. Cermak in Chicago at 185 microseconds, a further connection between Aurora and Carteret, New Jersey of 4.09 milliseconds and another between Aurora and Secaucus, New Jersey at a speed of 4.12 milliseconds.
Whilst market participants in many other regions are becoming the subject of regulatory rulings, which are intended to stem the ongoing technology arms race which is giving high frequency traders in close proximity to the important executing venues and state of the art infrastructure what they perceive as being an advantage over others.
This practice has found itself the basis for a probe in Europe, leading to a stringent set of guidelines and regulations set in place by Germany's financial markets regulator BaFin, and more recently the European Parliament itself, whereas North America continues to embrace such progress.
America Embraces Microwave
Microwave technology has many advantages, one being the lack of expensive cabling installations and resultant facilitation of connecting traders to venues, as pointed out by Exalt Technologies' HFT-orientated microwave project which commenced in June this year.
In the case of Quincy Data's solution, the microwave network itself is provided by MacKay Brothers, whose long-haul microwave service between colocation centers in Illinois and New Jersey went live in July last year.
Stephane Tyc, co-founder of Quincy Data made a corporate statement today regarding the launch: “We are delighted to offer in the Weehawken colocation facility, select futures market data from CME Group exchanges including, Equity, Treasury, Energy, FX and Metals futures at the lowest known latencies."
“Traders and risk managers recognize that best execution requires the timeliest data, and the timeliest data come from Quincy," explained Mr. Tyc.
Mr. Tyc, who obtained his physics doctorate from Harvard University, has a background in trade execution and processing, having served on the DTCC Warehouse Trust Company Board of Directors for two years in an earlier part of his career, as well as having completed a 17 year tenure at BNP Paribas where he held the position of Managing Director, Equity Derivative Quantitative Research and Development, Global Business Management and Post Trade Services.
Extremely high Execution speed in electronic trading has been a priority of infrastructure and technology companies alike in North America this year.
Various methods of achieving low latency are now in operation, and today marks another example of a connectivity company responding to the demand for effective execution, a subject of great interest within the industry, which was discussed recently on the Forex Magnates Meet The Experts Forum.
Quincy Data, a company employing microwave technology rather than traditional cabling, has today announced that it has expanded its QED market data solution by unveiling a point of presence at the NJ2 Data Center in Weehawken, New Jersey, operated by the Savvis division of Century Link.
Race To Zero
According to Quincy Data, the result of this dedicated connection is that firms co-located in NJ2 can now receive select futures data from CME Group’s data center in Aurora, IL in 4.14 milliseconds.
The company considers its addition of NJ2 to be the latest milestone in the company’s strategy to level the playing field for all latency sensitive consumers of exchange data.
Quincy Data already offers a low latency market data connection between Aurora and 350 E. Cermak in Chicago at 185 microseconds, a further connection between Aurora and Carteret, New Jersey of 4.09 milliseconds and another between Aurora and Secaucus, New Jersey at a speed of 4.12 milliseconds.
Whilst market participants in many other regions are becoming the subject of regulatory rulings, which are intended to stem the ongoing technology arms race which is giving high frequency traders in close proximity to the important executing venues and state of the art infrastructure what they perceive as being an advantage over others.
This practice has found itself the basis for a probe in Europe, leading to a stringent set of guidelines and regulations set in place by Germany's financial markets regulator BaFin, and more recently the European Parliament itself, whereas North America continues to embrace such progress.
America Embraces Microwave
Microwave technology has many advantages, one being the lack of expensive cabling installations and resultant facilitation of connecting traders to venues, as pointed out by Exalt Technologies' HFT-orientated microwave project which commenced in June this year.
In the case of Quincy Data's solution, the microwave network itself is provided by MacKay Brothers, whose long-haul microwave service between colocation centers in Illinois and New Jersey went live in July last year.
Stephane Tyc, co-founder of Quincy Data made a corporate statement today regarding the launch: “We are delighted to offer in the Weehawken colocation facility, select futures market data from CME Group exchanges including, Equity, Treasury, Energy, FX and Metals futures at the lowest known latencies."
“Traders and risk managers recognize that best execution requires the timeliest data, and the timeliest data come from Quincy," explained Mr. Tyc.
Mr. Tyc, who obtained his physics doctorate from Harvard University, has a background in trade execution and processing, having served on the DTCC Warehouse Trust Company Board of Directors for two years in an earlier part of his career, as well as having completed a 17 year tenure at BNP Paribas where he held the position of Managing Director, Equity Derivative Quantitative Research and Development, Global Business Management and Post Trade Services.
EU Parliament Imposes €10,000 Cash Payment Limit in New Anti-money Laundering Legislation
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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