Telx, a leading provider of global interconnectivity, cloud computing enablement services and data center solutions, today announced an expanded strategic partnership with Deep Value, a global leader in algorithmic trading strategies. Deep Value, already leveraging Telx's data center at 111 8th Ave. in New York City for low-latency connectivity to the financial exchanges, will now begin to utilize Telx's data center at 100 Delawanna Avenue in Clifton, New Jersey as well as utilize the Telx Ethernet Exchange service.
"A key element of providing high-performance algorithmic trading strategies for our clients is sophisticated back-testing and simulation," explains Paul Haefele, Managing Director of Technology for Deep Value. "We routinely run tick-by-tick computations on 300 machine clusters generating event-by-event data. Previously we had hosted these computations and storage in a public cloud, but found that setting up a private cloud inside of Telx's Clifton facility offered us a better ROI. Telx made it easy for us by offering us a single-vendor solution encompassing two data centers as well as interconnectivity between the two."
Deep Value leveraged Telx's 111 8th Avenue facility because of its high-performance connectivity to the financial exchanges, broad selection of telecommunication carriers, and proximity to Deep Value's clients. As a complement, the Telx Clifton facility offers high-density power configurations enabling firms such as Deep Value to cost effectively host their less latency sensitive applications.
"High-performance, cost-effective access to the financial ecosystem is vital for the continued success of Deep Value, and they have expanded that ability through Telx's Clifton New Jersey facility," said Shawn Kaplan, general manager of financial services for Telx. "We are pleased to extend our relationship with Deep Value which is a firm delivering superior service to their clients by utilizing innovative technology solutions."