ICF uses Atrium to access NYSE Liffe
29 May 2010 London
Image: Shutterstock
Atrium Network, provider of smarter connectivity for the financial community, today announced that ICF Systems AG, the full service systems integrator located in Frankfurt and Amsterdam, will extend its use of Atrium Network to access the NYSE Liffe UTP Derivatives platform when the service goes‐live in July 2010.
In 2009, ICF Systems connected to Atrium Network to access the NYSE Euronext Universal Trading Platform (UTP) and benefited from simple low latency connectivity to the Cash Equity platform. Using Atrium Network's secure resilient high‐speed network, ICF Systems can now access the UTP Derivatives (Liffe) test environment ahead of the go‐live production date. This will give ICF Systems and its customers the ability to test their systems ahead of trading on the new NYSE Euronext UTP Derivatives platform. Access will be provided using the same infrastructure as the Cash Equities platform, which simplifies deployment and controls costs.
Both NYSE Euronext's Cash Equity and Derivatives markets can be accessed via a simple connection to the Atrium Network and in turn participants on Atrium Network are able to benefit from access to an increased range of asset classes. Commenting on ICF Systems connectivity to Atrium Network, Emmanuel Pelle, Executive Director at Atrium Network said, "We are delighted that ICF Systems has decided to increase its use of Atrium Network. Our platform allows participants to use the same infrastructure for UTP Cash Equities and UTP Derivatives so ICF Systems can offer greater choice to their end clients whilst keeping connectivity costs to a minimum. Offering our clients simple, low
latency access to exchanges, clearing houses, CSDs and market data providers will help customers realise the trading opportunities on offer."
Marcus Bingel CEO of ICF Systems added, "We are delighted to offer our users access to the ever growing Atrium Network community offering ICF Systems as part of our low latency trading connectivity solution. To have the opportunity to connect to the test environment now, gives us and our clients the opportunity to test trading systems connectivity and puts us ahead of those firms who connect once the service is live."
In 2009, ICF Systems connected to Atrium Network to access the NYSE Euronext Universal Trading Platform (UTP) and benefited from simple low latency connectivity to the Cash Equity platform. Using Atrium Network's secure resilient high‐speed network, ICF Systems can now access the UTP Derivatives (Liffe) test environment ahead of the go‐live production date. This will give ICF Systems and its customers the ability to test their systems ahead of trading on the new NYSE Euronext UTP Derivatives platform. Access will be provided using the same infrastructure as the Cash Equities platform, which simplifies deployment and controls costs.
Both NYSE Euronext's Cash Equity and Derivatives markets can be accessed via a simple connection to the Atrium Network and in turn participants on Atrium Network are able to benefit from access to an increased range of asset classes. Commenting on ICF Systems connectivity to Atrium Network, Emmanuel Pelle, Executive Director at Atrium Network said, "We are delighted that ICF Systems has decided to increase its use of Atrium Network. Our platform allows participants to use the same infrastructure for UTP Cash Equities and UTP Derivatives so ICF Systems can offer greater choice to their end clients whilst keeping connectivity costs to a minimum. Offering our clients simple, low
latency access to exchanges, clearing houses, CSDs and market data providers will help customers realise the trading opportunities on offer."
Marcus Bingel CEO of ICF Systems added, "We are delighted to offer our users access to the ever growing Atrium Network community offering ICF Systems as part of our low latency trading connectivity solution. To have the opportunity to connect to the test environment now, gives us and our clients the opportunity to test trading systems connectivity and puts us ahead of those firms who connect once the service is live."
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