In the financial services industry, where time is literally money, the ability to receive instantaneous financial market information is critical to maintaining competitive advantage.
Customers of the Verizon Financial Network (VFN), a dedicated infrastructure designed to share market data and conduct trading in a scalable, secure, low-latency environment, can now access on-demand financial trading and data from Fixnetix, under a new sales and interconnect agreement between the trading and data services company and Verizon Business.
Fixnetix currently offers some of the fastest, most resilient trading and data across all asset classes to leading investment banks, hedge funds and proprietary trading firms in Europe and America. Under the terms of the agreement with Fixnetix, Verizon Business customers will be able to leverage their existing infrastructure investments into the VFN to access Fixnetix services, comprising more than 55 financial markets worldwide.
Hugh Hughes, chief executive at Fixnetix said: “We are pleased to introduce VFN clients to our 55 plus markets worldwide. “Fixnetix has chosen Verizon Business to assist in supplying leading investment banks, hedge funds and proprietary trading groups with the fastest trading solutions for flexibility within the high-frequency trading arena.”
Chandan Sharma, global managing director of Verizon Business’ Financial Services practice, said: “Our Verizon Financial Network solution helps financial institutions capitalise on market movements, enabling them to respond with speed and agility. By aligning with leading providers such as Fixnetix, we increase the breadth and depth of solutions we can offer our customers. And, of course, by giving our customers direct, on-demand access to best-in-class financial services information and solutions through VFN, we are giving them the tools they need to maintain a leadership position in a highly competitive marketplace.”
The Verizon Financial Network is designed to facilitate trading and information exchange in global capital markets where trade execution speeds are becoming ever more important. The solution offers financial services firms such as brokers, hedge funds, exchanges, asset managers, and pre and post-trade services providers a fully managed, highly available, scalable interface to the financial ecosystem. Users can simply and seamlessly collaborate with customers and partners, consolidate their market access, distribute services and information, and execute pre- post-trade transactions within a secure, resilient environment.
Verizon Financial Network is available to customers in Europe and across North America.
