Verizon Expands Specialized Financial Services Network to Europe
Dedicated Trading-Business Infrastructure Offers Secure, Managed Connectivity and Interface to the Financial Markets Ecosystem
BASKING RIDGE, N.J., April 21 -- Financial services firms in Europe can now benefit from a dedicated trading-business infrastructure, provided by Verizon, that is specifically designed to help the firms share market data and execute timely trades.
The Verizon Financial Services Network, previously available only to companies in the U.S., is a scalable, secure, low-latency solution that is designed to facilitate trading and information exchange in global capital markets where trade-execution speeds are becoming ever more important.
The solution offers financial services firms such as brokers, hedge funds, exchanges, asset managers, and pre and post-trade services providers a fully managed, highly available, scalable interface to the financial ecosystem. Users can simply and seamlessly collaborate with customers and partners, consolidate their market access, distribute services and information, and execute pre-trade, trade and post-trade transactions within a secure, resilient environment.
Chandan Sharma, global managing director of Verizon Business' financial services practice, said: "Achieving a single, fast and resilient on-demand interface to the trading ecosystem is a business differentiator in the financial markets. The Verizon Financial Services Network solution helps financial institutions capitalize on market movements by enabling them to respond with speed and agility. Essentially, we bring the capital markets closer to our customers through a low-latency, highly available and scalable business infrastructure that helps them better manage the challenges of market fragmentation, globalization, high-frequency trading, asset class proliferation and fierce competition."
The Verizon Financial Services Network solution brings together Verizon Business' extensive professional expertise in the development and delivery of communications, IT, information security and network solutions, and Verizon Business' extensive experience in servicing many of the world's largest financial services industry. Verizon Business also provides hosting and co-location solutions around the globe, designed specifically to meet the low-latency needs of the financial markets, and helping some of the world's largest financial services companies become even more successful.
The Verizon Financial Services Network is available as a standard managed solution, or Verizon's subject matter experts can work alongside customers to customize the solution to support each individual organization's specific business needs. Fully managed, high-touch global service and support is provided, including round-the-clock monitoring and management and capabilities to support reliable data delivery.
The Verizon Financial Services Network is used by many of the world's largest financial services companies for critical applications. For more information on Verizon's financial services solutions, visit http://www.verizonbusiness.com/solutions/finance/.
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE:VZ)(NASDAQ:VZ), is a global leader in communications and IT solutions. We combine professional expertise with one of the world's most connected IP networks to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees - enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments - including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions - rely on our professional and managed services and network technologies to accelerate their business. Find out more at http://www.verizonbusiness.com.
Source: Verizon Business
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