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Verizon Business signs new sales, interconnect agreement with Fixnetix

UK company lands contract with US communication giant

Verizon Business, a unit of Verizon Communications, has signed a new sales and interconnect agreement with Fixnetix, a UK-based provider of low latency market data and trading infrastructure connectivity to major financial institutions.

This agreement will enable customers of the Verizon Financial Network (VFN), a dedicated infrastructure designed to share market data and conduct trading in a scalable, secure, low-latency environment, to access on-demand financial trading and data from Fixnetix.

Fixnetix currently offers trading and data across all asset classes to investment banks, hedge funds and proprietary trading firms in Europe and America. Under the terms of the agreement with Fixnetix, Verizon Business customers will be able to leverage their existing infrastructure investments into the VFN to access Fixnetix services, comprising more than 55 financial markets worldwide.

Hugh Hughes, CEO at Fixnetix, said: "We are pleased to introduce VFN clients to our 55 plus markets worldwide. Fixnetix has chosen Verizon Business to assist in supplying leading investment banks, hedge funds and proprietary trading groups with the fastest trading solutions for flexibility within the high-frequency trading arena."

Chandan Sharma, global managing director of Verizon Business' financial services practice, said: "By aligning with leading providers such as Fixnetix, we increase the breadth and depth of solutions we can offer our customers. And, of course, by giving our customers direct, on-demand access to best-in-class financial services information and solutions through the VFN, we are giving them the tools they need to maintain a leadership position in a highly competitive marketplace."