Source: 29West
29West, the leading provider of low latency messaging, today announced its partnership with Skyler Technology, an innovator in ultra low latency trading solutions, to deliver joint best of breed offerings to their mutual market base, which include leading banks, asset managers, hedge funds and exchanges.
The combination of industry leading, financial market messaging from 29West, together with Skyler's flexible liquidity discovery, data analytics and order routing capabilities, delivers an efficient and complementary offering to their customers. The partnership follows the recent announcement of version 2.0 of 29West's UME product, designed to deliver guaranteed message delivery with under 70 micro-seconds latency.
Steve Cooper, CEO of Skyler, said: "We are pleased to be collaborating with 29West in this way which we believe will provide our clients with an industry edge over their competitors. Both Skyler and 29West's customers recognize the value of this partnership and share our vision of delivering greater speed and efficiency to financial institutions."
Mark Mahowald, president and founder of 29West, said: "29West is well suited to be the messaging infrastructure under every high performance industry solution. Skyler is one of the key players in this space and as with all our partnerships we are looking forward to working with Skyler to support those firms who want to be in front of the low latency movement."