Nyse Euronext's (NYX) commercial technology unit, Nyse Technologies, today announced that its Secure Financial Transaction Infrastructure (SFTI) network has completed connectivity to the Direct Edge, the fourth largest U.S. equities marketplace.
SFTI continues to be the leader in low-latency connectivity for U.S. markets and increasingly in Europe where the SFTI network is being expanded aggressively.
"Our customers have found the SFTI network to be such a fast and secure network that they've requested that we help them connect to every market they participate in. By making Direct Edge's three highly active trading platforms - EDGA, EDGX, and the ISE Stock Exchange - accessible over the SFTI network we further demonstrate our commitment to doing just that and gives us 100% coverage of the displayed U.S. equity markets," said Ken Barnes, Vice President, Global Connectivity at NYSE Technologies. "NYSE Technologies has a bold vision for aggressively expanding SFTI to create the premier network linking all markets and market participants throughout the world and we're executing on that goal."
"Our connection to the SFTI network is an important step in our continuing evolution as a major market center," said Steve Bonanno, CTO of Direct Edge. "We need to offer clients the best connectivity options available. We are happy to be part of the SFTI network."
NYSE Technologies' SFTI network is the highly resilient, ultra low-latency communications backbone created for the financial industry in 2002. It offers connectivity to multiple exchanges, market centers and content services providers including all of the National Market System markets in the U.S and also connects to over 1,300 market participants. The SFTI FIX protocol provides open, standards-based access for data and trading. The OMS neutral FIX router enables customers to get to any destination connected to the SFTI network through a single FIX connection.