Colt Launches Service Bundle for Migration to Next J-GATE
Seamless transfer from OSE J-GATE to Next J-GATE through “Colt OSE Next J-GATE Migration Service”
Colt announced today the launch of the “Colt OSE Next J-GATE Migration Service”, a new service bundle to help firms currently located in the Japan Exchange Group Co-Location Service (“JPX Co-Lo (OPEN)”) migrate to JPX Co-Location Service (all) (“JPX Co-Lo (all)”). The new service bundle combines colocation services, low latency market data feeds, and network connectivity with end-to-end project management.
By mid-2016, JPX will launch the new high performance Next J-GATE matching engine and consolidate colocation services. The migration is currently planned for 19 July 2016. The JPX Co-Lo (all) will house both the new Next J-GATE system of the Osaka Exchange Inc. (OSE) and the arrownet platform of the Tokyo Stock Exchange (TSE). With the closure of JPX Co-Lo (OPEN), firms trading OSE derivatives from JPX Co-Lo (OPEN) will migrate to the JPX Co-Lo (all) facility. Colt’s OSE Next J-GATE Migration Service has been designed to facilitate and simplify this migration process.
Colt is also upgrading its existing 1Gbps network between JPX arrowhead and other trading venues and colocation facilities in Japan to a 10Gbps network. This will support higher market data bandwidths, particularly the TSE Flex wide bandwidth feeds and the new OSE ITCH feeds.
The complete service bundle from Colt includes the following elements:
- MarketPrizm colocation in the JPX Co-Lo (all) facility
- Hardware migration and eventual purchase of new hardware
- Connectivity to Next J-GATE and brokers/vendors located inside the data centres
- MarketPrizm low latency market data feeds (in normalised or raw format)
As part of its service migration package, Colt is also offering end-to-end project management for the migration and remote hands free-of-charge for a limited number of first movers as part of the launch campaign. Firms will also benefit from Colt’s support in both English and Japanese – particularly important for firms with no local staff – and superior SLAs.
“The process of moving your trading infrastructure from one data centre location to another, even if only a few hundred meters away, is a major logistical exercise for most firms. With Colt’s established presence in both JPX Co-Lo facilities (OPEN and all) and its extensive services for Capital Markets, we are in a unique position to help customers with this migration. Our experience in provisioning new connectivity and managing the move of hardware, such as servers and network equipment, can help firms mitigate disruption in trading activity during the migration period,” said Richard Man, Head of Solution Sales, Capital Markets for Colt in Asia Pacific.
“Grasshopper is trading actively in TSE and OSE and so requires the very highest levels of availability. As a Singapore based proprietary trading firm, we have chosen to partner with Colt on this significant migration and will be relying on their multilingual capabilities and deep experience in the JPX colo facilities. Colt’s range of services including market data, low latency connectivity and project management makes things simpler for us,” said Tan T Kiang, Chief Technology Officer at Grasshopper Pte.
In addition to the Colt OSE Next J-GATE Migration Service, firms can also opt to connect to arrowhead from a third party data centre via the Premium Colocation service in @Tokyo. This provides further options to firms residing in JPX Co-Lo (all).
For further details on Colt OSE Next J-GATE Migration Service offering, please contact [email protected].
About Colt
Colt provides network, voice, and data centre services to thousands of businesses around the world, allowing them to focus on delivering their business goals instead of the underlying infrastructure. Customers include 18 of the top 25 bank and diversified financial groups and 19 out of the top 25 companies in both global media and telecoms industries (Forbes 2000 list, 2014). In addition, Colt works with over 50 exchange venues and 13 European central banks.
Colt operates across Europe, Asia and North America with connections into over 200 cities globally. It completed the acquisition of KVH in 2014 – which now operates under the Colt brand – an integrated data centre and communications services business, with headquarters in Tokyo and operations in Hong Kong, Seoul and Singapore.
Media Contact:
Paula Muezerie
Marketing Lead, Capital Markets
T +44 (0)20 7947 1035
E [email protected]
@PaulaMuezerie
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