RadianzNet will give CHX-member firms, globally, an IP option for accessing CHX's MAX automated trading system and other CHX services. RadianzNet also will provide floor traders stationed at the Exchange with electronic access to their firm's intranet and the multitude of other service providers connected to RadianzNet.
Radianz's ability to establish connectivity rapidly between the CHX and its members is the primary reason CHX selected Radianz. Additionally, numerous Radianz customers have been requesting that Radianz add CHX to the list of more than 70 financial institutions and their electronic applications that can be accessed via RadianzNet.
"Radianz will appreciably shorten our time to market because its infrastructure already is connected to the firms that want to use our services," said John Kerin, senior vice president and chief technology officer for CHX. With RadianzNet, we will not have to wait weeks or months for network connectivity to our current and future members."
For Radianz, the multiyear contract will enable it to provide connectivity to another strategic electronic execution venue for trading equity products and offer access to an even stronger suite of services in the equities sector of the financial industry.
"Radianz is delighted to add CHX to the other major exchanges and significant ECN stock trading networks already integrated on RadianzNet," said Chris Church, executive vice president and head of Global Sales and Marketing for Radianz. "Radianz is quickly establishing itself as the connectivity architecture of choice because it enables the financial community to quickly deliver applications to customers and expand market reach, all in a reliable and secure environment."
Beyond its traditional strength in serving market data vendors, Radianz is attracting participants from all key asset classes including equities, foreign exchange, fixed income, precious metals, soft and agricultural commodities, and other business across the entire straight-through processing chain.
