Nasdaq announced the launch of Express Connect, a low latency, point-to-point network solution offering connectivity from the NASDAQ OMX Data Center in Carteret, N.J., to financial trading and co-location venues in New York, New Jersey, Chicago and Canada.
Nasdaq will initially team up on Express Connect with CFN Services, a provider of automated trading enablement services and Sidera Networks, a provider of fiber optic-based network solutions.
Express Connect will leverage Sidera’s Xtreme Ultra-low Latency Network and will help market participants reduce network infrastructure and take advantage of a turnkey solution. In a release, Nasdaq claims that not only does the network facilitate connectivity to other data centers, but it also helps market participants connect to their own backup systems or other firms.
“By partnering with CFN and Sidera to launch Express Connect, we are able to provide our customers high quality, low latency routes to integral liquidity centers at attractive prices,” said Stacie Swanstrom, VP of transaction services at NASDAQ OMX.
“Express Connect enhances our ecosystem at the NASDAQ OMX Data Center as it provides the easiest and most efficient way to reach U.S. and international trading destinations,” she added.
[For more on new liquidity centers, Liquidity Shift, see related story.]
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio