Verizon Financial Network Offers Direct Access to Fixnetix Trading and Data Services

NEW YORK, June 24 /PRNewswire/ -- 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 capitalize 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 the 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- and post-trade transactions within a secure, resilient environment.

The Verizon Financial Network is available to customers in Europe and across North America.

About Fixnetix

Fixnetix has 20+ co-location and proximity hosting centers across Europe and the US to support trading across all the major asset classes including cash equities, futures, FX, commodities and bonds. The company offers both raw and ultra low latency normalized market data services, as well as low latency trading access for member firms and sponsored trading access to over 55 markets. Fixnetix's direct ultra low latency market data feed solutions are fast, reliable and flexible, featuring fully resilient, best-of-breed, high performance feed handler technology, with unparalleled high bandwidth provisions. Feeds are available in multiple formats for quick and seamless integration, offering full redundancy throughout the entire delivery mechanism, and are provided on-the-wire reducing support and implementation costs and timeframes. For more information go to www.fixnetix.com

About Verizon Business

Verizon Business, a unit of Verizon Communications (NYSE, Nasdaq: VZ), is a global leader in communications and IT solutions. We combine professional expertise with one of the world's most connected IP networks to deliver award-winning communications, IT, information security and network solutions.  We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees – enabling them to increase productivity and efficiency and help preserve the environment.  Many of the world's largest businesses and governments – including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions – rely on our professional and managed services and network technologies to accelerate their business. Find out more at www.verizonbusiness.com.

SOURCE Verizon Business