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Deep Value Expands Connectivity Through Partnership With TelxLeading Algorithmic Trading Provider Selects Telx's Clifton New Jersey Facility and Telx Carrier Community to Collaborate With Financial Exchanges (June 18, 2012)
NEW YORK, NY -- (Marketwire) -- 06/18/12 -- Telx®, a leading provider of global interconnectivity, cloud computing enablement services and data center solutions, today announced an expanded strategic partnership with Deep Value, a global leader in algorithmic trading strategies. Deep Value, already leveraging Telx's data center at 111 8th Ave. in New York City for low-latency connectivity to the financial exchanges, will now begin to utilize Telx's data center at 100 Delawanna Avenue in Clifton, New Jersey as well as utilize the Telx Ethernet Exchange service.
"A key element of providing high-performance algorithmic trading strategies for our clients is sophisticated back-testing and simulation," explains Paul Haefele, Managing Director of Technology for Deep Value. "We routinely run tick-by-tick computations on 300 machine clusters generating event-by-event data. Previously we had hosted these computations and storage in a public cloud, but found that setting up a private cloud inside of Telx's Clifton facility offered us a better ROI. Telx made it easy for us by offering us a single-vendor solution encompassing two data centers as well as interconnectivity between the two."
Deep Value leveraged Telx's 111 8th Avenue facility because of its high-performance connectivity to the financial exchanges, broad selection of telecommunication carriers, and proximity to Deep Value's clients. As a complement, the Telx Clifton facility offers high-density power configurations enabling firms such as Deep Value to cost effectively host their less latency sensitive applications.
"High-performance, cost-effective access to the financial ecosystem is vital for the continued success of Deep Value, and they have expanded that ability through Telx's Clifton New Jersey facility," said Shawn Kaplan, general manager of financial services for Telx. "We are pleased to extend our relationship with Deep Value which is a firm delivering superior service to their clients by utilizing innovative technology solutions."
Join Telx at the SIFMA EXPO Booth #1403 in New York, NY, on Tuesday, June 19th-Wednesday, June 20th. For more information on Telx's participation at SIFMA, please visit http://map.telx.com/SIFMA-2012.html.
About Deep Value
Deep Value is focused entirely on developing the world's best trading algorithms. Deep Value is one of only two providers of algorithms to Floor of The New York Stock Exchange. The company's world-class technology solution and platform is installed both on site at client locations as well as at their own datacenters. Clients include the New York Stock Exchange, prominent hedge funds and a number of other prestigious financial services powerhouses. The firm has notable analytical and computational research capabilities: running complex market and strategy simulations on hundreds of gigabytes of data using hundreds of machines is a routine part of its research process. It also has a strong technical capability: Deep Value has developed its own sophisticated trading platform on top of industry standard open source components. This system, which is a container-based system is fully distributed, fault-tolerant providing graceful degradation underload and has sophisticated work scheduling frameworks. For more information visit: www.deepvalue.net.
Telx is a leading provider of interconnection and data center services in strategic, high-demand North American markets. With 17 premier C3 Cloud Connection Centers by Telx, Telx increases speed to market and reduces connectivity costs by providing direct connections to a community of the industry's highest performance networks and access to 1,000+ customers, including leading telecommunications carriers, ISPs, cloud providers, content providers and enterprises. Telx is a privately held company headquartered in New York City with five facilities in the New York Metro area, two facilities in Chicago, two facilities in Dallas, four facilities in California, (Los Angeles, San Francisco, and two in Santa Clara) and facilities in Atlanta, Miami, Phoenix and Charlotte, N.C. For more information about Telx, visit http://www.telx.com. Become a fan of Telx on Facebook at http://www.facebook.com/telxgroup. Interconnection. Data Centers. Community.
David M. Baum
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