McKay Brothers, a market leader in low latency networks, has closed an investment from affiliates of Tower Research Capital LLC for five percent of McKay equity.
Together, with the previously announced investment from IMC affiliates for twenty percent of equity, McKay has concluded its initial round of outside equity funding. The investments allow McKay to accelerate its ongoing effort to drive down network latency between financial exchanges.
Stéphane Tyč, McKay co-founder: “Our strengthened financial foundation allows us to invest more capital to reduce latency to the physical limit. Maintaining our independence secures McKay’s core business principle of offering to all subscribers equal access to lowest latency services.”
Bob Meade, McKay co-founder: “We are pleased that several industry leaders have demonstrated their interest in both preserving McKay’s autonomy and promoting our mission to provide subscribers with equal access to lowest latency services. We focus on delivering the best possible infrastructure to the industry and will continue to work hard to improve it.”