Options, the leading private financial cloud provider for the global capital markets industry, today announced the availability of Quincy Data LLC's Quincy Extreme Data ("QED") service, enabling the managed service provider to offer data at the lowest known latencies to customers trading across markets in Equinix NY4 and the CME.
Quincy Data is a provider of extremely low latency market data services, powered by the McKay Brothers microwave network. The Quincy Extreme Data (QED) service sources data from multiple financial exchanges and delivers a normalized feed to colocation centers around the world. To minimize latency, the service provides only key data items for the most liquid instruments. Options customers can now access market data at roughly 4.1 microseconds rack-to-rack, about 50% faster than fibre based direct feeds.
This upgrade will ensure the availability of the lowest known latency for customers leveraging Options' PIPE Velocity, one of the three service offerings delivered via the IaaS provider's Options Private Financial Cloud platform. PIPE Velocity is a complete electronic trading infrastructure solution, providing ultra-low latency market data, high throughput market connectivity and vendor neutral application hosting as a single, fully managed service for all major markets across North America, Europe and Asia.
Ken Barnes, SVP of Options, commented, "Electronic trading firms are looking for their service providers to focus on what they excel at, and embrace the best from the rest. Options provides a world class managed infrastructure experience that enables rapid access to services such as Quincy, who themselves are singularly focused on a best in class suite of latency arbitrage enabling data services. We're pleased to continue making these partner innovations available to our customers."
Jim Considine, Quincy's Director of Business Development notes, "Quincy is dedicated to making the fastest market data available to all trading participants. This offering by Options will broaden such access by simplifying adoption for its customers, both large and small."