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.”
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