Options expands low latency offering
Private financial cloud provider Options is to offer Quincy Data’s Quincy Extreme Data (QED) service, enabling it to offer data at the lowest known latencies to customers trading across markets in Equinix NY4 and the CME.
Quincy Data is a provider of extremely low latency market data services, powered by the McKay Brothers microwave network.
The QED service sources data from multiple financial exchanges and delivers a normalised feed to colocation centres around the world. To minimise latency, the service provides only key data items for the most liquid instruments.
Options customers can now access market data at roughly 4.1 milliseconds rack-to-rack, about 50 per cent faster than fibre based direct feeds.
The upgrade will ensure the availability of the lowest known latency for customers leveraging Options’ PIPE Velocity, one of the three service offerings delivered via the IaaS provider’s Options Private Financial Cloud platform.
PIPE Velocity is a complete electronic trading infrastructure solution, providing ultra-low latency market data, high throughput market connectivity and vendor neutral application hosting as a single, fully managed service for all major markets across North America, Europe and Asia.
Ken Barnes, senior vice president of Options, says: “Electronic trading firms are looking for their service providers to focus on what they excel at, and embrace the best from the rest. Options provides a world class managed infrastructure experience that enables rapid access to services such as Quincy, who themselves are singularly focused on a best in class suite of latency arbitrage enabling data services. We’re pleased to continue making these partner innovations available to our customers.”
Jim Considine, Quincy’s director of business development, says: “Quincy is dedicated to making the fastest market data available to all trading participants. This offering by Options will broaden such access by simplifying adoption for its customers, both large and small.”
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