Interactive Data, a provider of market data and analytics, has boosted its co-location offering by expanding its 7ticks low-latency trading network in the east coast of the US.
In addition to its existing presence in the New York metropolitan area, Interactive Data 7ticks will now provide connectivity to data centres in Carteret and Weehawken, New Jersey. This will allow customers to use one link to connect to exchanges in the area using co-location and proximity hosting services.
The market data company will also be able to provide monitored low-latency domestic telecommunications connectivity between its financial data centre located in Chicago and five locations in New York and New Jersey.
“The expansion of our ultra low-latency trading network infrastructure into the equities marketplace underscores our desire to continue to help meet the needs of traders that require one-stop connectivity to many of their key target exchanges for multi-asset trading strategies,” said Joe Bigane, managing director for Interactive Data 7ticks, in a statement.
“Traders requiring ultra low-latency access to several of the closest exchange connections can look to our firm as their single provider of this level of speed, availability and technical support.”
Interactive Data signed an agreement to acquire 7ticks, a provider of electronic trading networks and managed services, in December last year. 7ticks is now run as part of Interactive Data’s newly formed Real-Time Market Data and Trading Solutions Group, which provides electronic trading networks and managed services.