June 15, 2010

ACTIV Financial said today that global securities firm Jeffries is now using its market data processing unit with an eye on lower latency and better management of soaring data volumes.

Jeffries, which has been an ACTIV client since 2006, is also deploying ACTIV’s MPU to reduce trading costs within its equities segment while driving its global trading strategies. The company had already been using the platform to gain access to low latency market data.

“By expanding our relationship and installing ACTIV MPU, we can create a faster, more cost-effective trading experience for our equity business,” Marty DeMonte, Jeffries’ chief information officer said in a statement.

ABOUT THE AUTHOR
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced ...