NYSE Technologies, the data infrastructure arm of NYSE Euronext has selected Toronto-based Q9 Networks to host a Secure Financial Transaction Infrastructure (SFTI®) access centre that will enable the company to increase its footprint in Canada. Q9 will use its Toronto data centre as the host, which will then enable Canadian customers to access NYSE Euronext data and services directly from the global capital markets network. It is a big score for Q9 in so much as that it boost’s their reputation for providing hosting services that need to be unusually reliable and secure.
STFI is a custom platform designed for the financial services industry some 10 years ago. Its strongest selling point is its ability to handle large amounts of traffic while remaining reliable, robust, and secure. The system handles trades, bids, electronic quotes, and data transfer for the financial services industry. It currently serves more than 1,300 financial organizations and institutions from around the world that need access to NYSE Euronext’s markets.
In an official company statement Q9 Networks CEO Osama Arafat said, “We are very pleased to be hosting the NYSE Technologies’ SFTI network at Q9. Our reputation for security and reliability has been instrumental in establishing us as the data centre provider of choice for Canada’s financial community. With this announcement, we further extend that reputation and enable Canadian market participants to take advantage of direct access to NYSE Technologies’ high-quality, low-latency trading network.”
Once the system is set up and running, clients already operating within the Q9 network will have direct access to the trading services within the SFTI system. Those outside Q9 will need to login to the company’s access centre to get the same services.