About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ICE Partners with Techary to Provide Hardware Procurement and Managed Services

Subscribe to our newsletter

Market infrastructure provider Intercontinental Exchange (ICE) has launched a global procurement and managed services solution in collaboration with Techary, a global technology solutions provider.

The new service, which will be offered by ICE Global Network (IGN) and supported by Techary, will provide customers with end-to-end hosting, hardware procurement, management and support through one single IGN solution.

IGN, which offers global market participants on demand access to over 150 liquidity venues across a broad range of asset classes, evolved out of various ICE acquisitions over the last few years, including NYSE’s Secure Financial Transaction Infrastructure (SFTI) network, Interactive Data’s 7ticks network and hosting businesses, and TMX Atrium.

The collaboration with Techary will allow customers to incorporate hardware and managed services as additional components of their trading infrastructure. Techary also has the ability to securely monitor and support infrastructure remotely or deployed within IGN environments.

“This is a new service,” says Margaret Niche, Head of ICE Global Network. “We already offered hosting, but until now we hadn’t been offering a managed service, and we hadn’t been involved in hardware procurement. Prior to our collaboration with Techary, customers needed to procure their own hardware, and either manage it on their own or find a third party to manage it. Collaborating with Techary means that now, from the customer perspective, they’re dealing with a one stop shop, for one comprehensive solution.”

Niche says that ICE sees demand for the service from a wide range of customers. “Small to midsize firms are interested in this because they just don’t have the in-house expertise, or they’d prefer to invest their resources in trading strategies, rather than hardware management and procurement. And we’re also getting a lot of inbound interest from larger firms, such as banks, and even some HFTS,” she says.

The service will be available from all data centres where ICE offers hosting, says Niche. “Our number one proposition is to offer this from our colocation sites, as well as about 13 access centres in the US and Europe. And if customers are interested in accessing the service in data centres that we’re not currently located, we’ll certainly have those conversations.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Trade South Africa: Considerations for Connecting to and Trading the Johannesburg Markets

Interest among the international institutional community in trading South African markets is on the rise. With connectivity, data and analytics options for trading on the Johannesburg Stock Exchange growing more sophisticated, and the emergence of A2X as a credible alternative equity market, South Africa is shaping up as a financial centre that can offer a...

BLOG

Are Capital Markets Firms Really Benefitting From Cloud?

By Mike Powell, CEO, Rapid Addition. In our earlier blogs (here and here), we discussed the factors driving increased adoption of cloud technology by capital markets firms seeking to benefit from potential efficiencies. But what do their real-world experiences look like? And are firms realizing the benefits promised by cloud vendors? It may be difficult...

EVENT

TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry, to explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility.

GUIDE

Institutional Digital Assets Handbook 2023

After initial hesitancy, interest in digital assets from institutional market participants has grown over the past three to four years. Early focus inevitably centred on the market opportunities presented by bitcoin and other cryptocurrencies. But this has evolved into a broad acceptance of a potentially meaningful role for digital assets in institutional markets. It’s now...