|By PR Newswire||
|April 23, 2014 05:00 AM EDT||
OAKLAND, Calif., April 23, 2014 /PRNewswire/ -- Quincy Data, LLC announced that its Quincy Extreme Data service is distributing Aurora-sourced data to London's Slough-LD4 data center in 35.39 milliseconds (ms) and to Frankfurt's-FR2 data center in 37.79 ms. Both routes offer the lowest known latency for any commercially available service and will receive substantial upgrades over the next several months to ensure that the QED service remains the fastest.
"Quincy's European expansion is our next phase in delivering a market data service that is fast, fair and flexible," says co-founder Stephane Tyc. "At last, the lowest latency market data can be bought as a service, lowering barriers to entry and fostering competition."
Quincy's announcement includes plans for further expansion of its European service, adding more London POPs over the next two months. Soon Quincy will distribute select data from Eurex to London, NJ and Illinois at what the company believes are lowest commercially available latencies. Quincy Data currently distributes market data at the lowest known latency in the US, along the key route connecting Illinois and New Jersey and another connecting Aurora, IL with 350 E. Cermak in Chicago.
"We are committed to supporting fair and robust markets by making the fastest data widely obtainable," says Jim Considine, Quincy's Chief Operating Officer. "On route after route, Quincy offers the deepest dataset, broadest footprint and fastest delivery. We are pleased to offer to clients more and more data in more and more trading centers around the world."
Quincy Data is the leading provider of extremely low latency market data and is accelerating its rollout of additional US and European exchange data. For this European expansion, Quincy capitalizes on wireless bandwidth from an unaffiliated telecom provider. The initial service bests all comers, and after the noted upgrades, will operate within 10 microseconds of the provider's best internal speed and likely the best end-to-end speed achieved by any combination of private and commercial routes.
Market data delivered over microwave is moving rapidly beyond early adopters into the mainstream. The latency advantage of microwave over fiber is a physical constant, varying only by the length of the route. However, pure latency is not the most compelling driver. The primary motivation for adoption of microwave market data today is that risk management decision cycles are smaller than the fiber-to-microwave latency differential.
"When risk management algorithms are faster than the few milliseconds' edge of microwave over fiber, our data service becomes an obvious choice. With fiber, you base your decisions on stale data," says Tyc. "This very practical and powerful arithmetic is driving mainstream adoption of the Quincy Extreme Data service."
The momentum toward the mainstream has changed the competitive landscape of microwave market data. "Data consumers have shifted their focus from competing on speed to partnering on speed," says Considine. "As an independent provider dedicated to a level playing field, Quincy aims to be the partner of choice."
All latency figures quoted are one-way.
About Quincy Data, LLC
Quincy Data is the leading microwave distributor of extremely low latency market data. Live since 2012, the Quincy Extreme Data service offers an integrated and normalized feed of select market data sourced from multiple financial exchanges in the US and Europe and offered in exchange colocation centers in Illinois, New Jersey, the UK and Frankfurt. Quincy is dedicated to leveling the playing field for extremely low latency market data and being the data provider of choice among electronic trading desks of all sizes.
SOURCE Quincy Data, LLC
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