Interactive Data Corporation, a leading global provider of managed ultra-low latency IT and market data services to facilitate electronic trading, announced that new clients Saxo Bank and Konkyl are accessing its 7ticks® network.
As global financial markets become increasingly competitive, electronic trading strategies are only as good as their underlying data and infrastructure. Through Interactive Data’s 7ticks ultra-low latency trading infrastructure, clients can gain connectivity via a single service provider to global multi-asset markets, as well as to Interactive Data’s low latency, consolidated global data feed. They can also obtain direct access to more than 50 markets worldwide with global support.
Online trading and investment specialist, Saxo Bank is one of a number of new European clients using Interactive Data’s 7ticks network. It is complementing its existing data feeds with access to the 7ticks network to deliver ultra-low latency connectivity. Robert Smith, AVP – Vendor Manager, at Saxo Bank, said: “Leveraging the 7ticks network provides us with an efficient approach to connecting to a key exchange, with a rapid time to market.”
Why Ethereum Needs Layer 2 Solutions More Than EverGo to article >>
Danish proprietary trading firm, Konkyl is utilising Interactive Data’s 7ticks to provide enhanced connectivity for FX trading. Arni Westh Hansen, CEO and Partner at Konkyl, said: “The total cost of ownership was a major factor in our selection of the 7ticks offering. We gain the advantage of a managed network, the availability of local support and at a competitive price compared to directly accessing a trading venue.”
Emmanuel Doe, president, Trading Solutions Group at Interactive Data, commented: “These European firms can now benefit from ultra-low latency access through a managed network that offers 24×7 European support, while reducing both complexity and total cost of ownership compared to going direct. Interactive Data’s 7ticks offered a compelling case because of its fast execution times while allowing greater control over trading strategies and connectivity.”
The 7ticks network offers direct market access (DMA), advanced co-location and proximity hosting to global direct exchange data and consolidated data, as well as reference and corporate actions data. Direct connectivity is available to a wide range of global futures and options, equities and FX exchanges, and trading venues for multi-asset class and ultra-low latency trading.