CFN Services, a provider of IT services to the financial industry, is using third-party data centers as a network switch for their product, TradingHUB, which connects buy-side and sell-side firms to liquidity on their cloud-based Alpha Platform Direct Connect. By using the partner's data centers, CFN is able to provide a more secure, faster and cheaper connection to clients, according to the company.
[For more on Electronic Trading news, see Trading Technologies Launchers Multi-Broker Derivatives Trading Platform]
Since multiple carriers can connect to the architecture, through super nodes, there is more competition which allows the prices to drop, comments Paul Edelmann, SVP of CFN Services.
“The network we run for algorithmic trading customers and now for trading customers is built using super nodes instead of the 50 to 60 year old technology of carrier PoPs,” says Edelmann. “So we get very competitive pricing between those super nodes because there’s competition.”
CFN Services offers pricing at $200 monthly, plus $2 per Mbps, regardless of distance. Other services include 24/7 customer support and choices between monthly or annual contracts.
CFN Services connects 50 data centers in North and South America, Europe and Asia. Zarna Patel is a staff writer for InformationWeek's Financial Services brands, which include Bank Systems & Technology, Insurance & Technology and Wall Street & Technology. She received her B.A. in English and journalism from Rutgers University College of Arts and Sciences in ... View Full Bio