Wall Street Letter Volume XLV Issue 24 | Page 3

NEWS 25 – 31 JULY 2013 TECHOLOGY Published by Pageant Media London Thavies Inn House London EC1N 2HA T [phone] F [phone] EDITORIAL Jeanene Timberlake Managing editor [phone] [email protected] Sean Creamer Reporter [phone] [email protected] Gwyn Roberts Group head of content [phone] [email protected] Indira Peters-DiDio Data manager [phone] [email protected] PRODUCTION Claudia Honerjager Head of production c.honerjager@ pageantmedia.com New York 240 W 37th St. Suite 302, NY 10018 T [phone] F [phone] COMMERCIAL Lucy Churchill Group commercial manager [phone] [email protected] Stefano Giacoia Content Sales Manager [phone] [email protected] EVENTS Beth Hall Head of events [phone] [email protected] DISTRIBUTION Fay Muddle Circulation manager [phone] [email protected] PAGEANT MEDIA Charlie Kerr Chief executive Printed by The Manson Group CFN eyes new biz with low-cost connectivity CFN Services expects to snag mostly new business with a low-cost connection it unveiled last week, said Paul Edelmann, senior vice president, in an interview. The infrastructure provider announced a version of its recently launched TradingHUB powered by what it called Super Node infrastructure that provides connectivity, plus a secure internet connection option, to financial market data centers in New York, New Jersey, Chicago, Philadelphia, London and Frankfurt. At $200 per month and an additional $2 per megabits per second, Edelmann said similar connectivity would cost two times as much for other options after negotiation, and as much as seven times as much for other connectivity options before negotiation. The offering is designed for clients that are not sensitive to latency and the price is the same regardless of distance. Edelmann highlighted ease of connectivity as an additional advantage of the service – clients can determine routes, calculate costs and order connectivity directly from the website. The time to connectivity is also expected to be significantly shorter. Edelmann noted firms signing up online should ideally hear from CFN in a day in responses to the online order, and then circuits can be provisioned within 24 hours as long as no cross connect help is needed. In comparison, he said negotiations for pricing alone can take two weeks. REGULATION Futures customer account insurance backed at FCM level Futures industry participants and end-users would back an option that would allow customers to pay for customer account insurance if the insurance were offered by futures commission merchants, according to comments made during a Senate hearing last week on the reauthorization of the Commodity Futures Trading Commission. The issue is one that has been raised and dropped in the past, but which has come up again recently in light of failures of MF Global and Peregrine Financial in which executives at both firms misused customer funds. The National Futures Association, CME Group and Futures Industry Association are studying the potential for insurance for the accounts now. Results are expected by September. 03 Sub-editor Eleanor Stanley Sub-editor Luke Tuchscherer Sub-editor ISSN# 726-98790 © 2013 Pageant Media Ltd. All rights reserved. COPYRIGHT NOTICE: No p ???????????????????????????????????????????????????????????????????????????????A??????5?????e?????????????????? ?????????????????????????????????????????????? ???????1?????UM???????????Y?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????e?????((??() =9Q%9U???()Q???????)?????????????????????????)]10?MQIP?1QQH((???????()Q???????????????????????????????????????????????????????U?????????????????????????????????????????????????????????????????()Q????????????????????????????????????????????????????????????????????????????????????-?????????????????????????????????????????????????????????????????????????????????????qQ???????????????????????????????????????????????????????????????????????m?????????t?????????()???????????????????????????????????????????t???????????????????????????????????????????????????????????????-?????????????????????????1???????????????????????e???????????????????????????????????????????????????????????????????1???????????????????????????????????????????????????????????????Y?????????????((