Cloud Communications

CFN Services Intros Alpha Platform On-Demand Cloud

By Jyothi Shanbhag TMCnet Contributor

CFN Services (News - Alert), a company offering managed automated trading enablement services, has introduced its first ever globally-distributed, high-performance public cloud for the global financial markets named Alpha Platform On-Demand cloud.

The company has inked a strategic partnership with Tier 3, the enterprise cloud platform company, to extend its existing Alpha Platform to financial services companies to self-provision an enterprise-grade, virtual private cloud for business-critical applications and services.

New, on-demand public cloud services will initially be floated to North America across key liquidity venues in the equities, options, futures, derivatives and FX markets. And later on in Q2, the Alpha Platform On-Demand will released to European trading venues with anchors in London and Frankfurt and extend further into the APAC region later in 2012.

“Tier 3’s innovative cloud services platform improves the performance drag related to virtualization from more than 25 percent to less than 5 percent,” Mark Casey (News - Alert), president and CEO, CFN Services said. “Combining this performance with our ultra-low-latency networks, optimized infrastructure, distributed hosting environment and reach to more than 70 trading venues worldwide, brings the agility of public and hybrid cloud services to the global electronic trading community.”

CFN’s new partnership with Tier 3 strengthens its existing Alpha Platform cloud capabilities and helps in speeding up the delivery of a comprehensive suite of cloud computing services to clients worldwide.

“Cloud services adoption is set to dramatically accelerate in financial services markets this year. With their existing high performance on-demand services and these new virtual private cloud services leveraging the enterprise-grade capabilities of the Tier 3 platform, CFN is now well poised to lead,” said Adam Wray, president and CEO, Tier 3.

Wray said this global expansion of CFN’s public cloud footprint also marks an important milestone for the Tier 3 Federated Cloud as they grow to Europe and beyond.

CFN’s global cloud platform connects more than 70 leading data centers across North and South America, Europe and Asia.

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