CFN Services Unveils First Globally-Distributed, High-Performance Public Cloud for the Financial Markets
Alpha Platform On-Demand™ to Deliver Robust, Infrastructure-as-a-Service (IaaS) Across Key Financial Hubs
HERNDON, VA -- February 21, 2012 -- CFN Services (www.cfnservices.com), a leading provider of managed automated trading enablement services, announced today that it is launching its Alpha Platform On-Demand™ cloud, the first, globally-distributed, high-performance public cloud for the global financial markets. Through a strategic partnership with Tier 3, the enterprise cloud platform company, CFN is extending its existing Alpha Platform™, the company's private cloud for ultra-low-latency market data delivery and trade execution, to enable financial services companies to self-provision an enterprise-grade, virtual private cloud for business-critical applications and services.
The Alpha Platform On-Demand is the first public cloud tailored to global financial markets that is available beyond a single trading venue. CFN's on-demand public cloud services will initially be available in North America across key liquidity venues in the equities, options, futures, derivatives and FX markets. In Q2, the Alpha Platform On-Demand will expand initially into European trading venues with anchors in London and Frankfurt and extend further into the APAC region later in 2012.
To create the Alpha Platform On-Demand cloud, CFN will utilize Tier 3's enterprise cloud platform for secure, enterprise-compliant virtual private Infrastructure-as-a-Service (IaaS) solutions. This will provide financial markets participants the necessary computing power to run front and back-office solutions ranging from OMS/EMS and risk management to market data management, back-testing, clearing and settlement. Available across exchanges, CFN's cloud services provide clients the ability to maximize their computing resources on-demand, while maintaining high performance, direct market access. The offering will also allow clients to customize solutions to their unique needs, integrating proprietary and best-of-breed trading applications from leading trading applications providers via CFN's Alpha Alliance™.
"Previous generations of public cloud services have been too slow to support high performance electronic trading," said Mark Casey, President and CEO, CFN Services. "Tier 3's innovative cloud services platform improves the performance drag related to virtualization from more than 25 percent to less than 5 percent. Combining this performance with our ultra-low-latency networks, optimized infrastructure, distributed hosting environment and reach to more than 70 trading venues worldwide, brings the agility of public and hybrid cloud services to the global electronic trading community."
The collaboration between CFN and Tier 3 strengthens CFN's existing Alpha Platform cloud capabilities and will expedite the delivery of a comprehensive suite of cloud computing services to clients worldwide. The companies' complementary vision is to deliver reliable, on-demand cloud services that empower firms to innovate by integrating private, public and hybrid cloud-based solutions across the entire trading lifecycle.
"Cloud services adoption is set to dramatically accelerate in financial services markets this year. With their existing high performance on-demand services and these new virtual private cloud services leveraging the enterprise-grade capabilities of the Tier 3 platform, CFN is now well poised to lead," said Adam Wray, president and CEO, Tier 3. "This global expansion of CFN's public cloud footprint also marks an important milestone for the Tier 3 Federated Cloud as we grow to Europe and beyond."
About CFN Services in the Global Financial Markets
CFN Services is a leading provider of automated trading enablement services that improve trading performance for some of the world's most sophisticated financial markets participants. CFN developed the Alpha Platform™, a high-performance, global cloud for ultra-low- latency, market data delivery and trade execution across key liquidity venues and major asset classes worldwide. Buy-side, sell-side and trading application providers leverage CFN's global, low-latency networks and proximity-hosted infrastructure to seamlessly integrate proprietary and best-of-breed trading applications. For more information about CFN's infrastructure services and managed trading solutions, please visit: www.cfnservices.com/alphaplatform .
About CFN Services
CFN Services provides high-performance network and application delivery solutions for real-time, mission-critical applications. Leveraging FiberSourceÂ®, CFN's global network optimization platform, the company deploys and manages low-latency networks and private cloud solutions to cost-effectively improve application performance in distributed IT environments. CFN's global cloud platform connects more than 70 leading data centers across North and South America, Europe and Asia. For more information, please visit: www.cfnservices.com.
About Tier 3
Tier 3 helps large and mid-size enterprises bring applications and services to the cloud. The Bellevue, Wash.-based company provides an enterprise-grade virtual private cloud, enhanced by a framework-agnostic cloud orchestration layer to enable IT automation and agility. Architected for security, risk mitigation and high availability â€• with 99.999% SLA at all layers and disaster recovery in every deployment â€• Tier 3 is optimized for production environments and mission-critical applications. Tier 3's innovative infrastructure delivers superior performance and resource optimization while expert support provides a virtual extension of in-house IT staff. For more information, visit www.tier3.com.