Ballista Securities, operator of the Ballista Alternative Trading System (ATS), has established a colocation and interconnection presence within Telx's 111 8th Avenue facility in New York City.

Ballista is leveraging Telx’s ecosystem of telecommunications service providers to ensure a highly available, low-latency trading experience for its financial industry customers utilizing the ATS to execute block-sized volatility, complex multi-leg strategies and directional equity options orders.

Ballista is now part of the Telx Financial Business Exchange (FBX), a facility-based infrastructure platform.

Daniel Marques, CTO of Ballista Securities, said: “We evaluated several interconnection and colocation providers in New York City, and only Telx could meet our power requirements and flexibility of deployment needs while giving us the responsiveness of service our industry demands.

“Telx’s broad choice of carrier-neutral third-party circuit providers enables us to offer a high-performance trading solution to our customers by keeping our direct network connections in New York City. Telx’s ecosystem of providers helps us reduce data latency and potential points of network failure, ensuring maximum network up-time and minimal delays in traffic.”