Sidera Networks' dedication to building out its Xtreme low latency network has resonated with Flexenet, a European provider of voice trading technology and connectivity solutions for financial firms that's establishing a foothold in the U.S. market.
A key piece of the agreement is Sidera's growing network reach into the New York City financial district.
Under the terms of the agreement, Sidera will provide Flexenet with direct access to New York-based financial exchanges and provision circuits to Flexenet's Manhattan building for automated trading applications.
While the low latency services market has become quite crowded with a group of incumbents and competitive players staking their claims, the agreement with Flexenet provides Sidera with some obvious credibility as other international and U.S.-based traders look for new low latency network provider options.
To date, Sidera provides low latency services to about 250 financial institutions and connectivity to 30 of the largest financial exchanges.
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