Telx Keeps Growing at 111 8th Avenue

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The new space will house the Telx Financial Xchange, which offers financial customers access to low latency connections to other networks. With more space in 111 8th Avenue, Telx can accommodate growing demand for financial “cross-connects” as well as basic colocation.

Telx also said it is partnering with ACTIV Financial to offer low-latency market data and colo services to the financial industry. The availability of data feeds is a key step in attracting trading operations and building a financial ecosystem within a data center. Customers can now place their corporate trading platforms right next to ACTIV’s ticker plant, accessing low-latency global market data from a single connection.

“Low-latency market data used to be a competitive differentiator, but now it’s a necessity,” says Frank Piasecki, cofounder and president of ACTIV Financial. “Working with Telx enables ACTIV to provide a simple and cost-effective solution for provisioning low-latency market data into our customer’s electronic trading systems."

“Despite a down economy, customers continue to seek low latency, close proximity colocation space and the opportunity for vast choice in interconnections in order to optimize their network and increase productivity and efficiency,” said Tesh Durvasula, Chief Business and Marketing Officer for Telx. “Expanding our presence at 111 8th Avenue helps us to ensure that customers – especially those in the financial sector – can find everything they need with Telx.”

This new space at 111 8th Avenue is connected to other Telx spaces in that building as well as other Telx locations at the 60 Hudson Street carrier hotel in Manhattan and two sites in New Jersey at 100 Delawanna Avenue in Clifton and 300 Boulevard East in Weehawken.