Xasax Corporation Signs Agreement With the International Securities Exchange to Provide Ultra-Low-Latency Cross-Connect Services

January 14, 2009

The Xasax Financial Backbone Provides Sub-Millisecond Connections to Major Equity and Options Trading Matching Engines

NEW YORK, Jan. 14 /PRNewswire/ — Xasax Corporation announced today that the International Securities Exchange (ISE) has selected Xasax as its ultra-low-latency solution service provider for cross-connect services at ISE’s co-location facility. Xasax manages a turn-key dark fiber infrastructure for high-frequency trading customers and financial service providers and acts as a service bureau and vendor of record. The Xasax Financial Backbone (XFB) will provide ISE members who sign up for the service with direct access to ultra-low-latency market data through connections to most equity and options trading venues in the New York and New Jersey area.

Noah Lieske, Xasax’s Chief Executive Officer, stated, “We are very pleased to partner with ISE to provide their members with fully managed access to multiple sources of market data and the flexibility to route orders and execute trades at other trading venues connected to the XFB.”

Jeff Soule, ISE’s Head of Market Data, stated, “ISE’s partnership with Xasax enables us to meet member demand for a cost-effective and comprehensive solution for market data and the added benefit of two-way connections to other liquidity centers that are vital to their market making and trading strategies.”

The Xasax Financial Backbone is a carrier-quality dark fiber network and has been extended to include ISE’s New Jersey data center. This new Xasax Point of Presence (POP) will provide round-trip network latency of less than one millisecond to most New York and New Jersey area liquidity pools, and 18 millisecond round-trip latency times for Chicago markets. For more information about signing up for the service, visit http://www.xasax.com or contact ise@xasax.com.

About Xasax:

Xasax Corporation provides an ultra-low-latency financial network called the Xasax Financial Backbone built by lighting diverse dark fiber paths. The XFB encompasses the majority of the available liquidity in the US with dark fiber interconnections. Xasax services include proximity hosting / co-location; raw and consolidated market data; order routing and execution management systems; Vendor of Record / entitlement solutions; and historical data warehousing. This infrastructure facilitates high-frequency traders, hedge funds, and financial service providers.

    Xasax Corporation



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SOURCE Xasax Corporation

Source: newswire

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