Verizon, a unit of Verizon Communications, has expanded its financial services network into Europe, thus allowing European based financial services firms to access its dedicated trading-business infrastructure to share market data and execute timely trades.
The Verizon financial services network, previously available only to companies in the US, is a low-latency solution that is designed to facilitate trading and information exchange in global capital markets.
The solution offers financial services firms such as brokers, hedge funds, exchanges, asset managers, and pre and post-trade services providers a fully managed, available, scalable interface to the financial ecosystem. With this solution users can collaborate with customers and partners, consolidate their market access, distribute services and information, and execute pre-trade, trade and post-trade transactions within a secure environment.
The network solution brings together Verizon business’ professional expertise in the development and delivery of communications, IT, information security and network solutions, and its experience in servicing the global financial firms. Verizon Business also provides hosting and co-location solutions around the globe, designed specifically to meet the low-latency needs of the financial markets.
Chandan Sharma, global managing director of financial services practice at Verizon Business, said: “The Verizon financial services network solution helps financial institutions capitalize on market movements by enabling them to respond with speed and agility. Essentially, we bring the capital markets closer to our customers through a low-latency, highly available and scalable business infrastructure that helps them better manage the challenges of market fragmentation, globalization, high-frequency trading, asset class proliferation and fierce competition.”