Verizon Business and Fixnetix Combine to Deliver Low Latency Data

READING AND LONDON, U.K. - Verizon Business and Fixnetix, a leading European provider of ultra-low latency market data, today announced an agreement that will provide financial institutions with market- and time-sensitive data at ultra high speed.

Verizon Ethernet Private Line will power Fixnetix's iX-Direct service to deliver financial market data direct at low latency, enabling its customers to make quick decisions on financial market transactions based on the latest available information.

Fixnetix customers depend on being able to quickly and securely receive up-to-date financial and market information to maintain their competitive advantage. The company has high-speed, direct connections to all the major exchanges in Europe including Eurex, Euronext, IDEM, Liffe, the London Stock Exchange, Madrid, MEFF, Milan, SWX, Virt-X and Xetra, and provides at-source co-location hosting to minimize delivery times even further.

By implementing Verizon Ethernet Private Line services to power iX-Direct, Fixnetix benefits from a secure, high-bandwidth global communications infrastructure offering connectivity at speeds of up to 1 gigabit per second.  Fixnetix has always prided itself on the speed and reliability of its data delivery services, and this implementation will ensure that Fixnetix is able to continue to optimize its overall customer service and provide a firm foundation to support planned future expansion.

"With the Markets in Financial Instruments Directive (MiFID)¹ coming into effect this year, financial institutions can no longer afford to have a data provider that drops information as soon as there is a spike in trading activity because their lines can't take the volume," said Hugh Hughes, chief executive officer of Fixnetix. "The ultra-low latency bandwidth offered by Verizon Business, combined with our ability to deliver data in multiple formats with sub-millisecond data transformation, means our feeds don't slow down. As a consequence, we don't drop data, our customers receive every last bit of vital information, and they get it at the lowest possible latency."

John Killian, president, Verizon Business, said, "Security, reliability and speed are essential in the fast-paced world of financial services.  The right communications infrastructure can make all the difference.  We are pleased to enjoy a close working relationship with Fixnetix and to be able to work with the company to help it realise many of its business goals as it continues to expand."

About Fixnetix
Fixnetix is a next generation market data telecommunications company that delivers proven end-to-end low latency market data. Based on client feedback, it provides the fastest access to exchange, multi lateral facility and broker data across the globe.

As the industry's leading provider of low latency data, Fixnetix is a telecommunications company and a vendor of record with a number of major exchanges around the world, allowing it to provide data direct and reducing transmission times by hundreds of milliseconds. Its technology and services help hedge funds, banks and other financial institutions address market data issues such as delivery cost, support, flexibility, integration, bundling, MiFID and, of course, low latency.

Founded in 2005, Fixnetix is headquartered in London, United Kingdom. For more information, visit www.fixnetix.com

About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a leading provider of advanced communications and information technology (IT) solutions to large business and government customers worldwide.  Combining unsurpassed global network reach with advanced communications, security and other professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world.  For more information, visit www.verizonbusiness.com


¹ The Markets in Financial Instruments Directive (MiFID) is an EU directive that will replace the existing Investment Services Directive. It aims to create an integrated structure for a pan-European market for investment services. In particular it seeks to make cross-border trading in securities in Europe simpler for financial institutions and investors by improving the passport rights created under the ISD, and by extending them to new products and services. The directive also seeks to promote competition between trading venues by recognizing new types of trading venues and by creating a common best execution regime. MiFID is due to be implemented by November 1, 2007.