NEW YORK, N.Y., November 29, 2005 - Sector, Inc.Â®, a leading managed services, communications, and data distribution provider for the financial services industry, and its parent company the Securities Industry Automation Corporation (SIACÂ®), the company that developed the Secure Financial Transaction Infrastructure (SFTIÂ®), today announced that clients can utilize SFTI B2BSM for communications services, including real time market data and order flow to NASDAQÂ®. SFTI B2B from Sector enables firms to employ existing connectivity to SFTIÂ® to communicate with exchanges, market centers and content service providers not hosted by SIAC.
"As demand for NASDAQ TotalViewÂ® and our other data and transaction products increases, NASDAQ recognizes that providing our customers with choice of telecommunications provider is essential to control costs and provide redundancy." According to William OâBrien, Senior Vice President of Market Data Distribution, NASDAQ. "We are pleased to offer our clients the ability to connect to NASDAQ over SFTI B2B. As the largest U.S. electronic stock market it is critical that the communications network that supports our clientsâ connectivity is as robust and reliable as possible. Sector is providing an important customer service by using their SFTI infrastructure to provide connectivity to our market."
"We are pleased to offer connectivity to NASDAQ to our SFTI B2B clients," said Lou Modano, Senior Vice President of Sector. "Both NASDAQ and its clients will be able to consolidate their communications on to SFTIâs secure and resilient network. We firmly believe that the value proposition SFTI B2B offers will make it the platform of choice to support order flow traffic for all Exchanges, Market Centers, Electronic Communications Networks (ECNs), Alternative Trading Systems (ATSs) and Content Service Providers."
SFTI is nationally recognized for its resiliency and redundancy. Based on proven state-of-the-art technology, SFTI B2B provides clients with a communications platform of unparalleled diversity and reliability that will carry their order flow and other critical data communications through a closed, high bandwidth, optical and highly available network. SFTI has garnered industry-wide acceptance and endorsements from numerous government agencies and industry organizations including, the Presidentâs National Security Telecommunications Advisory Committee (NSTAC), The U.S. Treasury Department, the Government Accountability Office (GAO), the Securities Industry Association, and the Bond Market Association.