CUSTOMER: FlexTrade, an industry pioneer and global leader in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives.
CHALLENGE: Required a latency-sensitive, dedicated high bandwidth connectivity solution that rapidly serves the FlexTRADEREXP and FlexOMS applications to its customers.
SOLUTION: IPC’s Direct Connect
- IPC’s trading ecosystem for FlexTrade comprises a variety of market participants
- IPC’s managed network enables FlexTrade to deliver market data to key market participants, to facilitate algorithmic trading, alpha generation and best execution
- IPC’s high bandwidth, latency-sensitive electronic connectivity has built-in capacity for future expansion
IPC’s® managed network addresses our demanding connectivity requirements. IPC’s exclusive focus on the financial services industry, deep knowledge of trading routes and ability to address various sources of latency enables us to rapidly deliver market data to our customers and quickly execute trades.”
– Christopher Wade, Head of Operations, FlexTrade
CHALLENGE: A latency-sensitive, dedicated high bandwidth connectivity solution that created a trading ecosystem comprising market participants such as liquidity venues, buy-side firms and sell-side firms
FlexTrade was looking for a latency-sensitive, dedicated high bandwidth connectivity solution that created a trading ecosystem comprising market participants such as liquidity venues, buy-side firms and sell-side firms. FlexTrade required a connectivity provider that facilitates generation of alpha, participation in fragmented markets and capture of liquidity at the best available prices. FlexTrade also wanted to partner with a managed network provider that had a strategic global footprint and deep knowledge and expertise on the connectivity requirements of OMS and EMS vendors. The solution needed to be built with diverse carriers and no single point of failure.
SOLUTION: Direct Connect
IPC’s experience of providing managed network services to the capital markets with points of presence (POPs) in the world’s top financial markets and FlexTrade’s relationship with IPC played a vital role in FlexTrade’s meticulous process of selecting IPC as its connectivity provider. IPC deployed its fully redundant, cost efficient Direct Connect solution that delivers a dedicated high bandwidth, ubiquitously available 10MB connection from FlexTrade to an equity trading and research firm allowing this firm to receive market data and execute trades. IPC also rapidly activated two latency-sensitive 1.5MB connections from FlexTrade to a large pension fund to rapidly deliver market data and enable algorithmic trading. With the flexibility and
reliability resulting from relationships with over 80 carriers and a unified global network topology, IPC implemented a solution that meets FlexTrade’s business and connectivity requirements.
RESULTS: Optimize the delivery of market data and allow customers to capture liquidity at the best available prices
IPC has been providing mission-critical global trading communications solutions for more than four decades and has managed a financial markets network for the last 15 years. IPC was successfully able to leverage this experience and the long-standing relationship with FlexTrade to deliver a powerful and compelling Direct Connect solution. The dedicated high bandwidth, latency-sensitive Direct Connect solution enabled FlexTrade to optimize the delivery of market data and allow its customers to capture liquidity at the best available prices. The trading ecosystem IPC provides enables best execution and allows participants to capitalize on opportunities before competitors. The Direct Connect solution also provides FlexTrade with a flexible and scalable solution for the expansion of its operations.
Founded in 1996, FlexTrade Systems Inc. is the industry pioneer and global leader in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives. FlexTRADER, the award-winning flagship platform for algorithmic trading, is widely viewed as unique in the industry for its high performance and multi-asset capability. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 120 buy- and sell-side firms. For more information, visit www.flextrade.com