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,

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.

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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.”

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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.

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