Victory Networks, Chicago-based network solutions provider for boutique trading firms announced the acquisition of New York based SailFish Systems today.
The strategic integration is timely as algorithmic traders migrate out of bigger firms and demand the most cost-effective efficient technology models. Victory Networks has been delivering technology hosting and connectivity solutions to a long-time sophisticated derivatives trading community. Integrating SailFish Systems, a New York based financial technology firm running parallel in offerings enhances the capabilities of Victory with regard to resources, price scalability and overall coverage of markets. Both companies are born out of proprietary trading firms, as technology is the most important factor in achieving positive results. In-house technology and management is astronomical in cost thus the choice and growth in an efficient outsourced model allowing for strict focus on trading.
Fred Ling, CTO of Victory Networks says "We are very excited about this merger; it will greatly enhance our team's ability to bring cutting edge information technology solutions to an even broader spectrum of customers and across significantly expanded geographical regions. This partnership, more than ever, makes Victory Networks the go-to-place for financial institutions and business customers who demand the best in quality of service."
Victory Networks has been working with Equinix, the global interconnection and data center company, to develop its data center strategy. "Victory Networks has been aggressively growing its business in Equinix IBX data centers and with the acquisition of SailFish, it will have access to new customers via Platform Equinix," said John Knuff, General Manager, Global Financial Services for Equinix. "By leveraging our ecosystem of more than 75 exchanges and trading platforms, 450 buy- and sell-side firms, and over 100 financial service technology providers Victory can further accelerate its business and service offering by directly connecting with customers in order to lower latency and increase the speed of financial transactions."&nbbsp;