Xasax Corporation announced today that the International Securities Exchange (ISE) has selected Xasax as its ultra low-latency solution service provider for cross-connect services at ISE's co-location facility.
Xasax manages a turn-key dark fiber infrastructure for high frequency trading customers and financial service providers and acts as a service bureau and vendor of record. The Xasax Financial Backbone (XFB) will provide ISE members who sign up for the service with direct access to ultra low-latency market data through connections to most equity and options trading venues in the New York and New Jersey area.
Noah Lieske, Xasax's Chief Executive Officer, stated, "We are very pleased to partner with ISE to provide their members with fully managed access to multiple sources of market data and the flexibility to route orders and execute trades at other trading venues connected to the XFB."
Jeff Soule, ISE's Head of Market Data, stated, "ISE's partnership with Xasax enables us to meet member demand for a cost-effective and comprehensive solution for market data and the added benefit of two-way connections to other liquidity centers that are vital to their market making and trading strategies."