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Jefferies Group Selects Activ Financial To Enhance Performance, Capacity

Jefferies Group, a US-based securities and investment banking firm, has deployed Activ Financial's Market Data Processing Unit (MPU) to reduce its hardware footprint, enhance performance and lower its cost of ownership for market data services.

Activ claimed that its MPU combine market data content and technology in a single FPGA-driven service offering, leveraging hardware acceleration to deliver significant performance benefits.

Jefferies Equity Derivatives Group has deployed Activ’s MPU in one data center as a critical component of their low latency hosted environment to enhance its data performance capabilities and capacity limits.

Marty DeMonte, chief information officer at Jefferies, said: “We began our relationship with Activ in 2006 and now look forward to deploying their hardware accelerated solution to provide us with access to ultra low latency market data. By expanding our relationship and installing Activ MPU, we can create a faster, more cost-effective trading experience for our equity business.”

Frank Piasecki, president and co-founder of Activ Financial, said: “The adoption of Activ MPU by leading financial services firms such as Jefferies is a testament to the unmatched speed and flexibility of our solution. We’re confident that Activ MPU will further enable Jefferies to seamlessly manage explosive market data volumes and drive their global trading strategies.”