SR Labs, the global leader in capital markets technology solutions, has successfully completed the migration of its consolidated market data feed product SuperFeed™, to brand new data centre environments in Europe and the US. The former environments located in the ex-NYSE Technologies facilities in Mahwah, Weehawken and Basildon, have been fully decommissioned, with SuperFeed’s primary sites now hosted in Equinix LD5, Slough, and Equinix NY2, Secaucus.
The migration project positions SuperFeed for growth and expansion in 2015. Equinix LD5 and NY2 are leading centres of liquidity and host many of SuperFeed’s existing and prospective London and New York based clients. Equinix provides endless connectivity options giving clients a wide range of choice for connecting to SuperFeed’s data. Since moving into Equinix, SuperFeed is already in use by clients who chose to connect via Atrium, BT Radianz, 7Ticks, Options and SFTI. In addition to these connectivity options, many clients have opted to cross connect directly to the SuperFeed ticker plants seeking the lowest latency path.
As part of the migration, brand new state of the art networking and infrastructure has been deployed, in combination with the latest versions of the Wombat technology owned by SR Labs. Ian McIntyre, COO Europe for SR Labs said “SuperFeed is essentially a hosted Wombat tickerplant, installed in a similar way to the many clients who continue to use Wombat technology in the market. Just like those clients, we have suffered from challenges around the size of footprint we need, scalability and TCO. For the new environments we have rolled out the latest reference architecture for Wombat software, using Data Fabric 6.5 with TCP offload and kernel bypass, to achieve the ultimate in high throughput messaging and deterministic latency. We have also started to integrate the SR Labs SMDS line handing capabilities, to further improve latency and footprint, starting with our US consolidated book offering. In the end we have a faster data feed product, which is using 68% less rack space than before”.
Stewart Orrell, Sr. Director, MD Global Financial, Enterprise Vertical, Equinix, said “We are delighted to welcome SR Labs and their SuperFeed product to the Equinix facilities in New York and London. The addition of SuperFeed to our LD5 London Slough and NY2 New York data centres is another fantastic example of the electronic trading eco-system Equinix is nurturing within our global facilities. Co-location alongside partners such as SuperFeed allows our customers to benefit from enhanced applications and services in a faster, more secure, lower cost environment.”
McIntyre also stated “This was a complex migration project lasting over 6 months, which we completed on time thanks to the dedication and support of our team and our vendors. I would like to thank Equinix, Interactive Data 7Ticks and Options, all of whose focus and urgency made this project a great success”.
About SR Labs
SR Labs is a global leader in enterprise grade market data and trading technology. They provide a wide range of solutions enabling the operation of scalable ultra-low latency systems, through to cost saving technology designed to shape the future of trading technology.
SuperFeed is SR Labs low latency, consolidated feed offering. SuperFeed offers the benefit of a direct feed without the associated costs, alongside the benefits of a consolidated feed without the associated latency and quality compromises. These advantages make SuperFeed a perfect solution for the consumption of the increasing volumes of market data arising from the ongoing move towards electronic trading. To find out more about the product visit www.srtechlabs.com.
About Interactive Data 7ticks
Interactive Data’s 7ticks is a global managed services offering from Interactive Data Real-Time Services for the electronic trading community. It can be utilized by financial firms to run electronic trading operations in any region. Through hosting, network connectivity services and 24x7 support, customers can achieve cutting-edge performance at a reasonable cost via a flexible shared platform that speeds time to market.
Options is the leading managed service and IT infrastructure products provider to the global financial services sector. Founded in 1993, the company began life as a hedge fund technology services provider. More than a decade ago, the company made a strategic decision to become the first provider to offer cloud services to the financial sector. Today over 200 firms globally leverage the Options platform, including the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses and exchanges.