(WEB HOST INDUSTRY REVIEW) – Colocation provider and data center operator Telx (www.telx.com) announced on Wednesday that futures brokerage firm Advantage Futures (www.advantagefutures.com) has expanded its network footprint by 100 percent in Telx’s 350 East Cermak Street facility in downtown Chicago.
The company now uses about 520 square feet of space for application servers, data storage and network-based equipment.
Last week, Telx announced it added 15,000 additional gross square feet and 10,000 available sellable square feet at its downtown Chicago facility.
Advantage Futures colocates business-critical servers and trading platforms in direct proximity to major exchanges and other financial service providers housed within 350 East Cermak Street to offer clients faster execution of trades and provisioning of critical financial information.
The company added colocation space after seeing a recent surge in growth, which it attributes to the competitive edge that lower network latency and faster trade execution provide.
By colocating Advantage Futures’ servers in its facility, Telx is able to offer its financial service clients another potential partner to interconnect with.
Telx offers financial customers a direct connection to key financial exchanges and other financial service companies to provide a single solution for managing critical market data while limiting support costs.
“Of all the industries we serve, financial services has some of the most demanding needs in terms of low-latency, high-availability networking,” says William Kolman, executive vice president of sales at Telx. “Our goal has been and continues to be to work with a wide variety of network carriers and value-added solution providers so that each customer — both in financial services and in other enterprises – can create the best possible solution for his or her business. Advantage Futures is one financial services company that has realized the benefits of such a solution.”
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