Saxo Bank and Konkyl Take on 7ticks Ultra-Low Latency Connectivity
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 Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term 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.”
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 24x7 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 Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term 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.
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 Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term 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.”
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 24x7 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 Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term 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.