A graph illustrating Telx's customer growth in 2009.
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(WEB HOST INDUSTRY REVIEW) -- Colocation provider and data center operator Telx (www.telx.com) announced on Tuesday it has created the Telx Financial Business Exchange, a new exchange designed to provide proximity to the interconnected capital markets community.
According to the press release, Telx FBX offers "ultra low latency connectivity, proximity hosting, and direct market access to the global financial marketplace."
Telx supports its financial service customers through its data centers at 111 8th Avenue in New York City, 100 Delawanna Avenue in Clifton, New Jersey, 350 East Cermak Road in downtown Chicago, and 200 Paul Street in San Francisco.
The announcement follows the launch of Telx's new Internet Exchanges in the New York and Dallas markets in July, which provided customers a single point of access method to interconnect with multiple carriers, service and content providers, financial exchanges, and enterprise networks.
The past year has seen a significant growth in Telx's FBX services with the addition of 23 new financial services sector customers.
These new clients are spread across all financial service business segments, including exchanges, market data and order management vendors, as well as brokerage and hedge fund firms.
The new customers have further expanded their footprints and services with Telx more than 20 percent since entering the FBX ecosystem, joining an existing base of financial services sector companies that have grown more than 70 percent since the same time last year.
To support this growth, Telx has doubled the square footage for customers in its key financial services locations in the last three quarters, as well as assigned a dedicated engineering team to serve the capital markets community.
Telx says the FBX demonstrates its "ongoing commitment to enhancing the service it provides to financial service customers", while capitalizing on the company's ongoing successes in the market.
"Telx's strong mix of ideal data center locations, and low latency connectivity, as well as the presence of equities exchanges in New York, futures exchanges in Chicago, buy-side and sell-side firms, market data vendors, and order management vendors has driven this significant growth," says Eric Shepcaro, CEO of Telx. "Our carrier-neutral business model allows us to bring in a wide variety of ultra low latency connectivity partners to meet the speed requirements facing financial service firms today, while our data center capabilities enable strong proximity hosting capabilities and further reduces time to access market data and execute trades. In the future, we will be providing new enhanced bundles of products and services to benefit this ecosystem."
Telx is announcing its new Financial Business Exchange in conjunction with the 25th Annual Futures & Options Expo being held by the Futures Industry Association on October 20-22 in Chicago. Customers that want to learn more about the Telx FBX can join the company at a networking reception from 5:30 until 9:30 p.m. CDT at 340 on the Park in downtown Chicago.
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