Welcome!

News Feed Item

Lucera Launches On-demand Infrastructure for Global Electronic Trading

High-performance platform offers unparalleled flexibility to dramatically reduce infrastructure cost, speed time to market and unlock new revenue sources

NEW YORK, Feb. 20, 2014 /PRNewswire/ -- Lucera Financial Infrastructures today announced the availability of its high-performance infrastructure to power electronic trading by financial institutions and high-frequency trading (HFT) firms. The ground-breaking Lucera platform enables customers to accelerate time-to-market, high speed connections to marketplaces and exchanges, and reduce operational and regulatory risk while eliminating the capital expense of building and operating a real-time network of customer and exchange connectivity. 

Lucera Financial Infrastructures logo

"High frequency trading firms, exchanges, banks and hedge funds can reap huge savings and achieve significant improvements in performance by operating their infrastructure on Lucera," said Jacob Loveless, CEO of Lucera. "Our customers are able to reach new levels of performance by freeing themselves from the time and capital constraints of internal legacy infrastructure.  By using Lucera, clients will be able to connect to more customers and liquidity destinations with much better performance at significantly lower cost." 

Lucera's customers can efficiently procure, test, manage, implement and monitor trading infrastructure without expending capital on network technology. Lucera's on-demand custom infrastructure enables users to adjust the level of dedicated resources at any time at any of three collocated data centers.  Month-to-month pricing allows customers to easily deploy or test new components and strategies without long-term contracts or commitments. 

"Lucera was created to help customers address today's expensive, complex and evolving infrastructure needs.  Lucera's platform currently operates out of New York, London and Chicago, enabling our customers to connect to multiple trading destinations fast, securely, and cost-effectively," Mr. Loveless added.  "Our platform was designed by traders for traders, so we understand it must be ready to execute real-time.  We help clients remove the barriers of capital investment, connectivity and time-to-market so they can focus on doing what they do best, generating revenue."

Ethan Kahn, Principal of Lucera customer Wolverine Trading LLC said, "We're always looking for new and innovative ways to increase our market reach and reduce operational costs. Lucera has given us a new and improved way to manage, deploy and scale our systems, particularly in the highly fragmented FX market.  We now focus on developing systems to enhance market liquidity, while Lucera helps us manage the underlying infrastructure at low cost and in real-time."

Lucera's key features include:

  • Connectivity – Access to any bank, ECN, marketplace or customer is accessible via high-speed, high performance dark fiber cross connects for virtually unlimited global connectivity and trading, enabling customers to create high-speed connections between financial destinations with no downtime or scheduled firewall suspension.
  • Speed - Lucera runs on 17,000 miles of the fastest divergent transcontinental fiber, collocated in premier datacenters in New York, London and Chicago which deliver best in class speed and throughput.
  • Network – Lucera's independently owned infrastructure includes a 100% software-defined network built atop Lucera's high speed custom-built routers.
  • Performance – Lucera runs a customized version of SmartOS, which is engineered to provide bare metal performance for customers' on-demand machines and an industry leading virtualization performance for Linux or Windows.
  • Security – Each Lucera client receives exclusive access to resources using Lucera's patented and patent pending allocation models. Lucera clients retain root level access, enabling compliance with their internal security guidelines.
  • Ease-of-use - A Web-based, customer-administered user interface gives multiple sanctioned users easy access to instantly provision cloud machines and create connections from a tablet or desktop for maximum access and operational efficiency.

About Lucera

Lucera Financial Infrastructures is a premier provider of on-demand, scalable high-performance infrastructure designed to power electronic connectivity and trading. Lucera's fast, open and intuitive platform is engineered to enable customers to securely leverage our powerful, high-speed and resilient electronic trading infrastructure.  We empower our customers with on-demand provisioning and transparency that help them enhance performance, lower cost of operations and provide best in class service and security.

Lucera is a privately held, New York based firm launched with initial backing from Cantor Fitzgerald, a leading global financial services firm and active Lucera customer. Visit us at https://luceraHQ.com.

Logo: http://photos.prnewswire.com/prnh/20140220/NY68885LOGO

 

 

 

SOURCE Lucera Financial Infrastructures

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that’s no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, will explore how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He wi...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics ...
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, will discuss th...
yperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let’s say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it....
SYS-CON Events announced today that App2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. App2Cloud is an online Platform, specializing in migrating legacy applications to any Cloud Providers (AWS, Azure, Google Cloud).
Recently, IoT seems emerging as a solution vehicle for data analytics on real-world scenarios from setting a room temperature setting to predicting a component failure of an aircraft. Compared with developing an application or deploying a cloud service, is an IoT solution unique? If so, how? How does a typical IoT solution architecture consist? And what are the essential components and how are they relevant to each other? How does the security play out? What are the best practices in formulating...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single-threaded, you can effectively identify hot spots in your serverless code. In his session at @DevOpsSummit at 21st Cloud Expo, Dave Martin, Product owner at CA Technologies, will give a live demonstration and code walkthrough, showing how ...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...