BGC and Thesys Partner for Microwave Data Route
BGC Partners is to invest in high-speed microwave networks created by Thesys Technologies, the broker has announced.
The partnership will begin with an ultra low-latency market data route between the Chicago Mercantile Exchange (CME) in Chicago, Illinois, and Nasdaq, BGC and ELX Futures datacenters in New Jersey. Initial speeds are estimated as being 8.5 milliseconds per round trip.
"Working with Thesys to create the fastest access to critical trading data underscores our commitment as a leading inter-dealer broker to deliver compelling value solutions to our customers," says Richard Feldman, director of BGC's Strategic Transactions Group (STG). "The STG group is focused on identifying and evaluating new technologies, business investment and acquisition opportunities for BGC that align with our core markets and our customers' needs while seeking to deliver attractive returns that will contribute to generating long-term value for our shareholders."
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