Firefly Capital joins Radianz network


Firefly Capital Inc. has agreed to use Radianz's shared market infrastructure for connectivity to its trading partners and customers.

In a joint announcement, the companies said Firefly recognized Radianz's approach as different and superior to alternatives available from telephone carriers and other managed connectivity providers.

"Radianz is unique because its established connectivity to more than 10,000 financial services sites worldwide will provide us with instant access to customers for our trading software," said Muhammed Saeed, president of Firefly Capital. "Radianz also provides the interface required to directly link our software with exchanges and electronic communications networks (ECNs), which is a key component of our offerings."

"The financial industry is moving away from the traditional point-to-point model for connectivity and embracing shared infrastructure," said Bill Betz, vice president and head of U.S. sales for Radianz. "By using Radianz's infrastructure, Firefly will be able to focus on its core business, gain faster access to customers and revenue opportunities, and reduce its overall I.T. costs."

As part of the agreement, Radianz also will provide hosting services to Firefly.

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