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FPL - FIX Protocol Ltd. - is launching the FIX Inter-party Latency (FIPL) Working Group, according to an email sent to its membership. The group's mission is to "develop a standard that will allow the easy assembly of this information on a consistent basis across multiple organisations so that firms can develop a better understanding of where latency hot spots exist and how they can address them."

Apollo, a transatlantic submarine cable system, and Equinix, Inc., a provider of global data centre services, today announced that Apollo has opened a new Point of Presence (PoP) in Equinix’s LD4 London Slough International Business Exchange (IBX) data centre. This new PoP in LD4 provides Apollo’s customers with resilient, intercontinental access between the UK and major cities in the USA. By locating outside central London, Apollo is offering its customers an alternative, low latency route, by-passing major congestion points within central London.

Chi-X® Global Technology, LLC, the technology services unit of Chi-X Global Inc., today announced it will employ messaging technology from 29West in the low-latency market data delivery infrastructure of the company’s MarketPrizm™ service.

Chi-X® Global Inc. today announced that it has hired trading technology veteran Steven Silberstein as Chief Information Officer. Additionally, Gregory E. Smith, CEO of Chi-X Global Technologies, LLC (Chi-Tech), the technology services unit of Chi-X Global, has been named Vice Chairman of Chi-X Global.

Integral Development Corporation (www.integral.com), today announced an end-to-end hosted solution designed specifically to address the needs of algorithmic trading firms in foreign exchange. Delivered On Demand, Integral’s solution provides everything a systematic trading firm requires to run its algorithms. From the machines, to the network, to applications, access to liquidity and APIs, Integral delivers a one-stop solution to get firms from trading model to live trading as quickly as possible. Co-located in data centers with FX Grid, Integral’s global inter-institutional connectivity and trading network, the service virtually eliminates latency. Clients have the option of using their own proprietary hardware or lease managed blade servers from Integral. Both options allow customers to reside in managed enclosures run by Integral. Users can deploy their own proprietary applications and access liquidity through the FX Inside API, or take advantage of FX Inside HD, Integral’s ultra-low latency version of FX Inside Professional EMS (Execution Management System).

This month’s bulletin from the Financial Information Forum (FIF) finds that NASDAQ Level 2 hit a new record of 54,011 mps over 5 second, up 61% from the previous month.

Exegy Incorporated, the ultra-high performance market data appliance company, today announced that the Exegy Ticker Plant has added built-in market data feed handlers to process data from Chi-X Canada, providing Exegy clients the ability to access the alternative trading system’s trading data using Exegy’s hardware-accelerated market data appliance.

Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced it has signed an agreement to acquire 7ticks, LLC, an innovative provider of electronic trading networks and managed services. The transaction is expected to be completed in early 2010, contingent upon closing conditions.

StreamBase Systems, a leading provider of Complex Event Processing (CEP) technology, today announced that Cürex Group, a New York-based institutional FX market leader, has selected StreamBase’s CEP platform as the foundation for its ultra low-latency market data and transactional infrastructure.