Pragma Securities Chooses Switch & Data’s New York Financial EcoCenterSM to Optimize the Performance of its Quantitative Tr...
10 Noviembre 2009 - 7:05AM
Business Wire
Switch and Data (NASDAQ: SDXC), a leading provider of
network-neutral data center and Internet exchange services,
announced today that Pragma Securities, an established provider of
sophisticated and innovative quantitative trading solutions, has
chosen Switch and Data’s New York Financial EcoCenter to house its
growing and diverse solutions for automated trade execution and
dark pool liquidity.
Pragma Securities is a pioneer of tactical execution tools and
hosted execution services for a diverse financial services industry
client base. Pragma’s products include: ONEPIPETM 2.0,which unites
over 40 dark pools, crossing networks, streaming liquidity venues
and open market destinations into a single, integrated liquidity
source and TradeEngine®, a hosted ASP application for buy side
direct market access customers. Each of these products will be
located in Switch and Data’s New York EcoCenter and one
cross-connect away from the other electronic trading customers in
the site.
“We chose Switch and Data’s New York Financial EcoCenter after
an extensive diligence process,” said Peter Fraenkel, Chief
Technology Officer, Pragma Securities. “Its central North Bergen,
New Jersey location, robust N+1 power and cooling infrastructure,
and geographic proximity to multiple financial markets were key
factors in our decision. Equally importantly to a growing company
like Pragma, the site provides ample space and power availability
to scale our operations.”
Switch and Data’s Financial EcoCenters provide mission critical
infrastructure to meet the security, volume, and low-latency
requirements of the electronic trading community. The EcoCenters
aggregate an ecosystem of the pre/post trade service provider, buy
side, and sell side communities into Switch and Data sites located
in the geographic center of the major liquidity providers in New
York and Toronto.
“Trading firms and other financial service providers are
attracted to our EcoCenters by opportunities to improve their
operations by leveraging our other best-in-class providers,” said
John Panzica, Vice President of Switch and Data's Financial
Services Practice. “Pragma Securities is an expert in order
execution and routing and is a welcomed addition to our
community.”
Switch and Data’s high-performance North Bergen data center
features full N+1 redundancy for its UPS, generator and cooling
infrastructures. It has been designed to provide high-density power
and cooling to support the latest generation of servers, and
provides 24x7 security and remote technical support. The site is
interconnected with the company’s existing fully-deployed data
centers at 60 Hudson St. and 111 Eighth Ave. in Manhattan and to
ultra low latency fiber providers with sub millisecond access to
all regional execution venues.
About Pragma Securities
About Pragma Securities: Founded in 2003, Pragma is a New
York-based financial services firm and an established provider of
sophisticated and innovative trading solutions. A pioneer of
tactical execution tools, Pragma’s suite of products includes the
award-winning ONEPIPE, LIFEGUARD’s advanced anti-gaming logic,
PEAK™, and sophisticated single stock and portfolio execution
strategies. Pragma is dedicated to consistently meeting the goals
of its diverse client base by providing top quality execution,
proven technology and exceptional support and service. For
additional information, please visit:
http://www.pragmatrading.com/.
About Switch and Data
Switch and Data is a premier provider of network-neutral data
centers that house, power and interconnect the Internet. Leading
content companies, enterprises and communications service providers
rely on Switch and Data to connect to customers and exchange
Internet traffic. Switch and Data has built a reputation for
world-class service, delivered across the broadest colocation
footprint and richest network of interconnections in North America.
Switch and Data operates 34 sites in the U.S. and Canada, provides
one of the highest customer satisfaction scores for technical and
engineering support in the industry, and is home to PAIX® — the
world's first commercial Internet exchange.
Important information about Switch and Data is routinely posted
to the investor relations section of the company's website
www.switchanddata.com. For copies of all Switch and Data press
releases and SEC filings, please visit the website. To
automatically receive Switch and Data financial news by email,
please visit the website and subscribe to Email Alerts. Investors
are encouraged to check Switch and Data's website frequently to
access the most up-to-date information.
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