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Yipes Signs Up NYSE, NasdaqPOSTED January 31, 2007 SAN FRANCISCO -- Yipes Enterprise Services announced agreements with both the NY Stock Exchange (NYSE) and Nasdaq to offer market data access and trading capabilities through the Yipes FinancialConnect platform. The Yipes network will be the first Ethernet-based extranet used by the exchange. Yipes FinancialConnect is the first-ever Ethernet-based extranet for electronic trading capable of directly delivering financial market and exchange data to banks, brokers, hedge funds, and institutional investors. "As NASDAQ continues to leverage its established technological strengths and trading efficiency, we are pleased to collaborate with Yipes to support our growth," said Randall Hopkins, vice president, NASDAQ Market Data. "As markets continue to measure trades in ever smaller, more precise increments, the ability of platforms to reliably handle large amounts of data becomes more critical than ever." Yipes currently links hundreds of financial services firms to member exchanges and trading platforms. These organizations use Yipes to secure fast, cost-effective access to critical market information and services at instantly scalable speeds. The result is faster trade execution and increased order fulfillment. The Yipes network is uniquely equipped to address the changing needs of today's financial community. Yipes FinancialConnect! employs Yipes' secure, global, fiber-based network and guarantees connectivity with some of the most aggressive service level agreements (SLAs) in the industry. "The addition of the Yipes FinancialConnect platform will provide NYSE's member firms the increased speed, scalability, and simplicity unique to the Yipes Ethernet-based financial extranet. The NYSE is taking an active role in shaping the future of electronic trading, from its SuperDot order routing system to its NYSE Hybrid Market model and NYSE Arca systems," said John Panzica, Yipes general manager for financial services. In concert with the launch of Yipes FinancialConnect last
month, Yipes also announced an agreement with the IntercontinentalExchange
(ICE). ICE was the first exchange to offer extranet connectivity
via the Yipes network. Yipes expects to announce additional exchange
agreements in the coming months. © Copyright SVDaily.com |
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