SIX Financial Information today announced that it has reached an agreement to become a Content Service Provider (CSP) on NYSE' Secure Financial Transaction Infrastructure (SFTI) network.
The global SFTI network provides the reach and scalability to dramatically extend global distribution capabilities to SIX clients.
Upon relocation of its data center to NYSE's proximity hosting location in Weehawken, SIX Financial Information joins over 1,300 US members of the SFTI® community. As a leading global supplier of market and reference data, SIX Financial Information is continually seeking ways to enhance services, improve client experience and deliver added value to its clients.
Moving one of its redundant US data centers and co-locating alongside the SFTI access centre in Weehawken is a service improvement that offers immediate benefits as well as the promise of additional dividends in the future.
"With a Tier 3+ rating, the NYSE access center is one of the most reliable and available facilities in the country", said Wally Beddoe, vice president of operations for SIX Financial Information in the Americas. "Outsourcing our data center to a full service provider of this caliber means our existing clients benefit immediately from NYSE's operational expertise, but also that SIX and our clients together can enjoy the future benefits of NYSE's ability to support future growth through scalability - all in a data center that meets the SIX Group's rigorous corporate security and quality standards."
"Adding SIX Financial Information to our growing list of Content Service Providers further strengthens the value and diversity of the SFTI network," said Ian Jack, Global Head of SFTI for NYSE. "We now have the ability to offer existing SFTI customers quick and easy access to SIX services without requiring new infrastructure or minimum terms from telecommunication providers."
SFTI is the financial industry's secure and resilient network that provides over 1,300 financial market participants with a single point of connectivity to multiple exchanges, market centers and content service providers around the world. SFTI was built specifically for electronic trading and market data transmission with the goal of enabling firms to reduce their time-to-market, improve their performance and significantly lower the cost of their high-performance trading infrastructure.
"Now that we are on the SFTI network, we can cross-connect to our input sources within the same facility, saving money on long-haul communication lines and speeding time to market", said Barry Raskin, managing director of SIX Financial Information. "At the same time, our clients with a footprint in the NYSE facility can also realize substantial telecommunications savings when they cross-connect to our streaming data services."