Selerity, a provider of real-time event data solutions for the financial services industry, today announced that it has co-located in the Equinix Frankfurt (FR2) datacenter to provide low-latency local access to its event data.
This marks Selerity's third low-latency distribution and aggregation point of presence (PoP) on Platform Equinix™, with co-location already in Chicago, IL (CH1), and Secaucus, NJ (NY2).
As programmatic and high-frequency traders using event data seek to diversify their trading strategies, they are increasingly looking to overseas markets. Through the new location, Selerity clients will gain access to various market-moving events in real-time to incorporate into trading strategies that use financial products listed on European exchanges. Several of Selerity's event data sets can now be locally produced and distributed in all three PoPs, cutting out as much as 40 to 60 milliseconds in travel time from the U.S. and other origination points. The Frankfurt location will also serve as an event data aggregation point for the European market, collecting regional corporate and economic events.
"Breaking events from one region, such as the U.S., can have a profound impact on other regional markets. Our clients trading on European exchanges were looking for a way to locally access Selerity's event data for their European trading and risk strategies," said Ryan Terpstra, founder and CEO of Selerity. "With the move into the FR2 datacenter, we are able to offer clients low-latency access to our event data without having to back-haul from its origination points in the U.S. We are pleased to expand our successful relationship with Equinix to gain global access and distribution."
"Equinix's global platform of high-performance data centers and its extensive financial ecosystem enable financial companies to grow their businesses and expand into new markets," said John Knuff, general manager, global financial services at Equinix. "With news and event data increasingly becoming a crucial aspect of high-frequency trading, Selerity is a valued addition to our ecosystem of exchanges, sell-side and buy-side firms, as well as market data and service providers."