Sk3w Technologies recently announced that it has raised $7 million in a Series A round led by Tower Research Ventures, IMC, and Citadel Securities. And previous investors include Optiver, IMC, Jump Trading, Tower Research Ventures, XR Trading, and Tom Joyce. And the company’s primary goal is to standardize the latency playing field within exchange access services, providing transparent and auditable access into the trading ecosystem. By offering uniform access to exchanges and financial data centers, Sk3w Technologies provides accuracy within a billionth of a second to market participants.
The company co-founders Craig Mohan and Chad Milam recognized that several factors affect latency standardization, ensuring latencies are the same within data centers and data center campuses regardless of cabinet location, including the location, network transport type, and types of data flows. And as exchanges grow and evolve, maintaining latency standardization will become an even more critical and costly consideration.
To solve this expensive and growing issue, Mohan and Milam created Sk3w Technologies, creating a proprietary and expandable data standardization system without replacing existing fiber. And their branded system enables network expansion without building, constructing, or laying additional fiber. Sk3w Technologies appliances create a monitored and auditable standardization solution providing quick time to deploy without the inflated pricing of equidistant fibers.
KEY QUOTES:
“We are tremendously proud of the way our technology solves a very real, though intangible-to-many, problem in modern markets, and we will continue to refine our solution such that it improves alongside other best-of-breed industry technologies. We are very appreciative of this investment and will add headcount to our already outstanding engineering team.”
— Co-Founder Craig Mohan
“Fair access is a non-negotiable requirement for modern markets. IMC is excited to help Sk3w deliver a cutting edge solution to the age-old problem of ensuring that all market participants can compete on a level playing field.”
— Jurjen Koksma, IMC’s Global Head of Business Strategy and Co-Head of IMC
“We are excited to see the widespread support for Sk3w and the approach they are using to bring this new technology to exchange data centers.”
— Jared Young, Head of Tower Research Ventures
