NYSE EURONEXT PARTNERS WITH JUNIPER ON LOW-LATENCY NETWORK; ADDS MARKETCETERA TO SFTI
Posted June 25, 2009
The new network, expected to launch in 2010, will
be instrumental in NYSE Euronext’s effort to consolidate its data
centers from ten to four worldwide. The network will use Juniper’s
“Juniper’s simplified data center approach will allow us to deploy a complete 10 Gigabit Ethernet network with ultra-low latency at a substantial cost savings,” says Steve Rubinow, Executive Vice President and co-global CIO of NYSE Euronext. “Juniper has developed truly unique and innovative technologies that help us to deploy a very high capacity, low latency network that meets the stringent demands of the new data center. With Juniper, we are able to dramatically cut the cost and complexity of managing our data center network today, while continuing to enhance our competitive position with a next-generation data center fabric. With such an elastic and efficient infrastructure, we can provide enhanced functionality to our customers at unmatched scale while minimizing total cost of ownership.”
Leveraging the high-performance switching and
routing technologies of the Juniper Networks EX Series Ethernet Switches
and MX Series Ethernet Services Routers, the NYSE Euronext trading
platform is being designed to enable the total network performance,
reliability, security and throughput essential to ensuring that NYSE
Euronext provides the technology to succeed in the low latency,
high-frequency trading market.
“Competitiveness in the global financial markets is measured in
microseconds and the NYSE Euronext trading platform is one of the
world’s premiere high-performance networks, supporting billions of
transactions each day,” says Kevin Johnson, Chief Executive Officer of
Juniper Networks. “The NYSE Euronext technology vision is in alignment
with Juniper’s next generation data center roadmap, which will lead to
the creation of a single data center fabric that will deliver a quantum
advance in scale, performance and simplicity, while lowering energy
consumption and reducing overall operating costs.”
In a separate development, Marketcetera has added its open source trading platform to NYSE Technologies’ Secure Financial Transaction Infrastructure (SFTI) network, providing a high-performance hosted infrastructure with the agility of an open source platform at a fraction of the cost of on-premise proprietary trading systems.
“Today’s traders are demanding best execution and the lowest latency possible while offloading IT management headaches and unnecessary costs so that they can focus on what they do best – trade,” says Graham Miller, CEO of Marketcetera. “By working with NYSE Technologies, we can offer this end-to-end solution through a managed hosting model. Clients can expect to receive reduced costs, flexibility and performance advantages that they require to compete in this era of high frequency trading.”
The new offering from Marketcetera offers firms of all sizes the agility traders need to pursue alpha at a cost model that only an open source business model can deliver. Traders start with the level of capacity that they need and grow seamlessly, paying based on what they use.
“The end-to-end solution available from Marketcetera and NYSE Technologies demonstrates our commitment to finding alternative ways to attract liquidity and meet the needs of current clients with flexible, open and cost-effective products,” says Murray White, Senior Vice President, Global Connectivity at NYSE Technologies. “By providing a robust solution in a hosted environment, together we address issues like bandwidth requirements, procurement, maintaining market data infrastructure and connectivity so traders can spend more time focused on their core competencies.”