Interactive Data 7ticks

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Interactive Data 7Ticks
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Founded 2010

Chicago-based Interactive Data 7ticks is a technology firm that specializes in managed IT services for the financial trading marketplace.

On Dec. 14, 2009, Interactive Data Corporation announced it would purchase the firm 7ticks LLC. The acquisition was completed on Jan. 19, 2010.[1][2]

Interactive Data widened the footprint of the 7ticks network with data centers in the metropolitan New York area, followed by London and Tokyo, which enabled the company to support electronic trading businesses in those areas.[3][4]

Interactive Data 7ticks now operates a global network of high-bandwidth telecommunications circuits that connect major global financial data centers. This private network is designed to allow the company to distribute raw multicast data among sites which can enable ultra low-latency arbitrage and cross-market trading. The firm now offers clients access to over 50 markets worldwide.

Products and Services

Direct Financial Exchange Access

Direct market access enables low latency trading connectivity and allows financial firms to access exchange matching engines directly without unessential layers of hardware or software getting in the way of performance. Currently available low latency exchange connections.

Co-location and Proximity Hosting

Physically locating near financial exchanges means reductions in latency between client servers and the exchanges. Through proximity POP’s (points-of-presence) built at many leading exchanges and, whenever possible, co-locations in the same building as the exchange presence, direct cross-connects into the network infrastructure ensure optimal network performance. Locations:

  • Chicago
  • New York
  • Secaucus, NJ
  • Rochelle Park, NJ
  • Weehawken, NJ
  • Carteret, NJ
  • Nutley, NJ;
  • Toronto
  • Slough, UK
  • Basildon, UK
  • London
  • Frankfurt

Cross-Market Trading

Interactive Data 7ticks operates a global network of high-bandwidth telecommunications circuits that connect major financial datacenters around the world. This private network is designed to allow the company to distribute raw multicast data among sites.

Key People

  • Mason Slaine, Chairman, President and CEO, Interactive Data Corporation
  • Jay Nadler, Chief Operating Officer, Interactive Data Corporation
  • Emmanuel Doe, President, Trading Solutions Group, Interactive Data Corporation
  • Scott Caudell, VP of IT Infrastructure, Interactive Data Corporation
  • Joe Bigane, Managing Director, Interactive Data 7ticks
  • John Heflin, SVP Global Operations, Interactive Data 7ticks


References

  1. Interactive Data buys 7ticks for up to $51.2M. MHT.
  2. Press Release. Interactive Data.
  3. Press Release. Interactive Data.
  4. Press Release. Interactive Data.