Network Critical Customer Solution: Trading Cross Connects (TXC)

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  Headquartered in Jersey City NJ, Trading Cross Connects (TXC) is an incubator of high frequency trading teams within the Foreign Exchange, Fixed Income, Listed Derivatives, Energy and Commodities markets.
  
  TXC was founded to meet the growing needs of high frequency traders who want to create their own independent firm. TXC greatly accelerates their clients’ time to market by providing the infrastructure they need:
  
  • Hosting;
  
  • Software;
  
  • Connectivity to the markets;
  
  • State of the art technology tools with support and service;
  
  • Access to capital through its strategic partner, Bay Head CI US Holdings LLC (Bay Head);
  
  • Pre-negotiated agreements and aggregated fees with leading global banks, prime brokers and service providers through Bay Head.
  
  The trading teams retain ownership of their trading strategies. TXC enables its clients to quickly and efficiently start and operate a high frequency algorithmic trading firm. In essence, TXC offers a turn-key solution to the high frequency trading community.
  
  Key technology services offered include high speed, low latency connectivity to major exchanges and electronic marketplaces along with hosting of their clients’ trading strategy engine.
  
  In high frequency trading, profits are made by immediately detecting and acting on small, incremental price movements. These fleeting opportunities require near-instantaneous response times – response times are measured in microseconds or milliseconds depending on the exchange. Therefore, TXC’s clients demand real-time response and high volume capabilities along with the highest levels of security and reliability.
  
  In building their data system, TXC needed to be able to monitor the actual latency from incoming market data packets to outgoing orders. Network Critical taps allowed TXC to monitor both lines without introducing a significant delay. They also needed a solution that was easy to configure and simple to install.
  
  They chose Network Critical TAPs because of the ease of installation, quick delivery and high quality design. Network Critical also made it possible for TXC to do the monitoring they need without the risk of system failure.
  
  Scott Goldenberg, Manager of Trade Infrastructure for TXC says, “Network Critical products are well designed and easy to use. In the trading world, down time and latency cost money. Network Critical TAPs enable us to provide the consistent availability and rapid trade execution times that our clients demand.”
  
  Network Critical gave TXC the ability to design a system which gives them the power to closely monitor their trading operation without negatively impacting the latency of their trading application.