16 June 2009 Company Announcements

 

Charles River Network adds VPN connectivity

Charles River has added with secure, internet-based Virtual Private Network capabilities to the Charles River Network, its broker-neutral financial network for global electronic trading via FIX. This should allow firms to use the internet, instead of traditional dedicated telecommunications infrastructure, to trade electronically via FIX. A secure VPN Interconnect Hub within the Charles River Network is intended to lower costs and eliminate telecommunications infrastructure and complexity.

"The Charles River Network has always offered reliable global access to a wide variety of liquidity sources," said Ed Fitzpatrick, director of network services, Charles River Development. "Now, integrated VPN functionality gives investment managers and brokers with few counterparties, or those in remote locations with high telecommunications costs, a secure and low-cost alternative for FIX connectivity."