7ticks LLC

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7ticks LLC
Founded 2002
Key People Kevin Bohren, Co-Founder and Chairman; Scott Caudell, Co-Founder and Chief Technical Officer; Joe Bigane, Managing Director
Products Financial Technology

7ticks LLC was a privately held technology firm that specialized in managed IT services for the financial industry. It provided electronic trading networks and managed services. It was founded in 2002 by Kevin Bohren and Scott Caudell and acquired by Interactive Data Corporation on Jan. 19, 2010.[1][2]

7ticks LLC History[edit]

On Oct. 20, 2009, 7ticks announced an expansion in Telx's Chicago facility as part of an ongoing effort to connect the capital markets communities to offer greater opportunities for proprietary trading groups, brokers and hedge fund managers to gain direct exchange access through proximity hosting.[3]

On June 9, 2009, 7ticks introduced access to European-based derivatives products, starting with NYSE Liffe. As a managed services provider (MSP) connecting via NYSE Technologies Secure Financial Transaction Infrastructure (SFTI) network, 7ticks offered clients direct connectivity to NYSE Liffe, as well as other London based exchanges. [4]

On Jan. 2, 2009, 7ticks launched a direct, network-neutral connection within the Equinix Frankfurt-North (FR2) International Business Exchange (IBX) data center between its U.S. based network and the Eurex proximity location in Frankfurt, Germany. 7ticks’ presence at the FR2 center facilitates ultra-low latency services between the Eurex and other international exchanges. Within the center, the Frankfurt presence enhances 7ticks’ existing access to the Eurex VALUES API and Enhanced Broadcast Solution. [5]

On March 25, 2008, 7ticks announced that it deployed its trading infrastructure at Telx's New York facility, which was designed to bridge connectivity between Chicago and New York markets.[6][7]