Radianz says users of RadianzNet has use the network to access the Securities Industry Automation Corp.’s (SIAC) Secure Financial Transaction Infrastructure (SFTI).
SFTI links the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX), the Depository Trust and Clearing Corp. (DTCC), and other financial institutions on a network infrastructure that is engineered to remain operational during times of unforeseen events.
“This is a key industry initiative and, as a result, SIAC is offering institutions multiple connectivity options,” says Andrew Bach, vice president of Communications Engineering for SIAC. “RadianzNet’s existing connectivity in financial markets worldwide means many institutions will be able to simply use their connection to RadianzNet to access SFTI.”
Doug Gilstrap, Radianz CEO added: “Our stature as the premier provider of networking for thousands of financial institutions worldwide is the reason why Credit Lyonnais Securities (USA) Inc., CIBC World Markets, Swiss American Securities Inc., and many more institutions already use RadianzNet for access to NYSE, AMEX, DTCC, and others via SFTI.”
Roger Burkhardt, CTO of NYSE said, “A rapid migration to the more resilient SFTI infrastructure is key to addressing the issue of telecommunications resilience that was highlighted by the loss of industry connectivity on 9/11. Radianz has moved quickly to connect to SFTI and to provide NYSE-member firms with an important new connectivity choice that combines the resilience of SFTI with the capabilities of a leading industry extranet.”
SIAC was founded in July 1972 as a wholly owned technology subsidiary of the New York Stock Exchange (NYSE) and the American Stock Exchange (AMEX). It is responsible for the design, development and operation of the exchanges’ computer systems and communications networks. SIAC also operates clearance and settlement systems on behalf of the clearing corporations, and disseminates U.S. market data worldwide. SIAC also is the company behind the Secure Financial Transaction Infrastructure (SFTI), which is designed to meet the financial industry’s need for data communications infrastructure that is more resistant to terrorist attack and natural disasters