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June 30, 2011

RTTNews Picks CFN Services' Alpha Platform

Global financial news services firm RTTNews has selected CFN Services’ Alpha Platform to enable a machine-readable, low-latency news service for automated trading.

RTTNews will use the Alpha Platform for its low-latency content offerings, said Sebastian Yoon, vice president of Financial Services at CFN Services (News - Alert).

The company provides real-time corporate, economic, political, and general news to the online traders and investors through Direct Market Access (DMA) platforms and market data providers.

Andrew Mariathasan, president at RTTNews, said that RTTNews is well-positioned to meet the needs of institutional clients and all types of traders that would like to utilize news and information as part of automated trading, including event-driven trading.”

The company said it is building on its 13-year history of providing timely solutions to financial markets with the introduction of the new service that is powered by Alpha Platform.

“CFN’s Alpha Platform helps streamline the process of providing time-sensitive, actionable news and information at an affordable cost,” Mariathasan said.

A private cloud for automated trading, CFN Services’ Alpha Platform is a flexible and customizable platform that seamlessly integrates delivery of low-latency market and event data with best-of-breed trading applications – all proximity-hosted within liquidity venues to accelerate trading performance.

CFN Services is a provider of managed high-frequency trading enablement services. “The company’s premier platform lowers the cost barrier for global product deployment, offering plug-and-play integration of news data with high-performance trading applications,” Yoon said.

Earlier this year, the company joined Telx’s Financial Business Exchange (FBX), a facility-based infrastructure platform that provides the capital markets community with unmatched proximity, latency and choice.

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Anshu Shrivastava is a contributing editor for TMCnet. To read more of Anshu’s articles, please visit her columnist page.

Edited by Carrie Schmelkin
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