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SpryWare, a company that specializes in standardized market-data technology via direct exchange feeds, announced that it has now joined with Telx, becoming part of its Financial Business Exchange (FBX), facility-based infrastructure platform that provides the capital markets community with proximity, latency and choice.

In a press release, Dan Curry, director of Sales at SpryWares said that by participating in the Telx FBX in New York and Chicago, their firm can offer trading firms a competitive advantage through low latency network connectivity to their direct market access (DMA) appliance, MIS.

"Telx's extensive financial markets customer base, combined with our innovative ticker plant technology, serves the latency-sensitive trading community, helping them move each market data event, such as quotes and trades, through the system as fast and reliably as possible," Curry added.

This new partnership will allow SpryWare to offer financial markets customers secure, low latency access to its Market Information Server, a fully-managed ticker plant solution designed for direct market connectivity for processing high-frequency data.

"SpryWare's MIS appliance gives our FBX customers a secure, efficient way to access the vital market exchange information they need to do business," said Michael Cattell, VP of Financial Markets for Telx. "We are pleased that SpryWare finds value in our growing financial markets ecosystem in our recently expanded New York and Chicago facilities."

Telx is a privately held company headquartered in New York City with four facilities in the New York Metro Area, two facilities in Chicago, two facilities in Dallas, three facilities in California (Los Angeles, San Francisco, and Santa Clara), as well as facilities in Atlanta, Miami, Phoenix, and Charlotte.

According to Telx officials, its financial markets colocation facilities provide customers an ideal environment to grow and manage their businesses by placing their networks in proximity to their key suppliers, partners, and customers, along with hundreds of leading telecom and data service providers.