Financial Technology

Financial Technology

February 14, 2014

Verizon Expands Verizon Financial Network

Verizon (News - Alert) Enterprise Solutions recently confirmed that it has expanded its Verizon Financial Network to now include over 50 new markets, services and data centers in Europe and in North America. The expansion will enable trading firms and financial institutions to benefit from quick, flexible, scalable, secure, on-demand and efficient access to global financial exchanges.

The Verizon Financial Network, a dedicated trading infrastructure-as-a-service solution, is designed to be a secure, resilient and low-latency environment where firms can consolidate market access, distribute markets and services, collaborate with clients and partners, and execute pre-trade, trade and post-trade transactions. The network connects to multiple venues and enables multi-asset trading across different geographies, thereby enabling firms to try out new trading strategies and better ways to achieve profits.

In a release, Chandan Sharma, global managing director of financial services, Verizon Enterprise Solutions, said, "Companies in today's capital markets industry face a multitude of challenges – ranging from market structure complexity and friction, to how to deliver innovation quickly and consistently in a global marketplace. This is driving the need for more flexible and scalable ways to access markets as well as distribute applications and services seamlessly without sacrificing performance. With our next-generation release of the Verizon Financial Network, we've greatly expanded its utility to deliver a fully managed solution that provides market participants with on-demand and high performance access to the world's leading and most diverse trading marketplaces.”

The newly expanded Verizon Financial Network solution provides trading firms with access to a large network markets, applications and industry data centers, allowing them to seamlessly connect their trading applications with various financial exchanges through colocation services. The solution also offers exchanges, service providers and financial technology companies access to a global ecosystem comprising hundreds of firms and data centers.

Edited by Blaise McNamee

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