CFN Services, a leading provider of managed automated trading enablement services, announced today that Deutsche Börse has selected CFN Services' Alpha Platform, the company's global, private cloud for ultra-low-latency market data delivery and trade execution, to deliver AlphaFlash, Deutsche Börse's low-latency, machine-readable macroeconomic and corporate news feed.
The collaboration between CFN and Deutsche Börse further extends the footprint of the AlphaFlash product range and provides low latency access to market moving macroeconomic data in CFN's markets in North and South America, Europe and Asia.
AlphaFlash delivers more than 300 machine-readable economic indicators from the U.S., Canada, Europe and Asia at millisecond speeds. Data content includes central bank interest rate decisions, employment numbers, housing statistics, gross domestic product figures, U.S. and international treasury auction results, German corporate news as well as Fitch sovereign rating announcements. Alpha Flash can be integrated directly into trading algorithms.
"By using CFN's Alpha Platform, we are adding connectivity options for our news feed AlphaFlash in 23 venues across the globe. We already offer direct connectivity to AlphaFlash in key financial centers, but with the help of CFN's platform we are adding important locations such as Moscow, Hong Kong, Seoul, and Paris," said Clint Rhea, COO, Need to Know News. Need to Know News is a wholly owned subsidiary of Deutsche Börse Market Data & Analytics that supports the AlphaFlash product range.
Inclusion of Deutsche Börse in the Alpha Alliance extends the low-latency global access of corporate and macroeconomic news for automated trading. CFN's Alpha Alliance brings together leading-edge technology and trading ecosystem providers that have set a standard of excellence by providing best-of-breed trading applications on CFN's Alpha Platform.
"Our goal is to continue expanding the availability of best-of-breed trading applications and market data on the Alpha Platform, while providing a clear latency advantage," said Mark Casey, President and CEO of CFN Services. "This partnership demonstrates Deutsche Börse's and CFN's strong commitment to delivering the lowest-latency market data providing market participants the ability to more cost-effectively expand the reach of their trading strategies around the globe."