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ACTIV Financial Reports Continued Growth in Europe

London– 12 September, 2011 – ACTIV Financial, a global provider of fully managed low-latency market data solutions, today announced several new European client wins and additions to its London-based team, re-affirming its continued expansion in the European market.

Since launching its European operations in 2009, ACTIV has established a comprehensive user base and added over 20 clients from across the region this year. A selection of new clients include:

  • IG Index, the world’s largest and longest-running spread betting company, selected ACTIV for its lower latency throughput in providing OPRA data. Since choosing ACTIV, the company’s OPRA data latency has been dramatically reduced, leading to a higher performing trading environment.
  • Saxo Bank, the specialist in online trading and investment, is utilizing ACTIV’s global exchange traded options market data offering to source prices for its online listed products trading operation. Customers of Saxo Bank will benefit from faster market data and a more robust infrastructure through ACTIV’s ability to aggregate its global low latency data network in the region.

“We selected ACTIV to help grow our exchange traded options trading business because of their performance level and ability to bring low latency market data from their global data centers to Europe,” said Alan Plaugmann, Deputy Head of CFD's & Listed Products at Saxo Bank. “Saxo Bank is pleased to be working with ACTIV to provide a full depth of global listed options market data to our customers.”

ACTIV is also making strategic appointments to serve its growing European client base, including naming Arun Singh Sales Engineer for the European region. Singh was previously a member of ACTIV’s Development Support team in Cambridge and now joins the London office where he will work closely with the UK sales team and regional clients to design ACTIV Content Platform solutions and provide technical support to local clients.

“ACTIV’s continued expansion over the past year combined with increased demand in Europe speaks to the need for reliable, cost-effective and fast market data solutions,” said Dane Thacker, Sales Director, EMEA at ACTIV Financial. “Combining technical upgrades with key staff appointments strongly positions us to continue our expansion and we look forward to our ongoing partnership with IG Index, Saxo Bank and our growing client base in the region.”

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“ACTIV’s world class global market data offering adds significant value to our financial ecosystem.”

John Knuff, GM of Global Financial Services at Equinix