London, April 24, 2012
Colt, Europe’s leading information delivery platform, today announced that it will be the first managed services provider to directly connect the New York Stock Exchange (NYSE) data centre in Basildon to the financial markets in Frankfurt. Colt’s ultra low latency route from Basildon to Frankfurt will reduce the time it takes to transfer data between the key trading markets by up to 10%, This development will be welcomed by trading firms across Europe, providing them with another technological step up in the continuous search for the fastest access to liquidity.
The announcement follows the NYSE’s decision to open up the Basildon data centre to service providers for the first time. The direct connection will remove the latency created by using different services, allowing financial services firms with trade matching engines in the NYSE Basildon data centre to trade faster to all Frankfurt markets. This includes the German derivatives market, which has recorded over 18 million completed trades so far in 2012, up 24% on last year.
Andy Young, low latency specialist at Colt, said: “While high frequency trading is now the norm in equities and derivatives, the practice is rapidly growing in other asset classes, such as Foreign Exchange and Fixed Income. By opening up the Basildon data centre to other service providers, NYSE has given high speed trading firms choice over how they connect to these markets.
Young continues: “The direct ultra low latency route between Basildon and Frankfurt is just the beginning of the Colt story for these firms. The agreement with the NYSE is part of a significant investment in financial services in 2012 which will see us offering continued best in class latency across the following four key trading routes – London to Zurich, London to Milan, Frankfurt to Zurich and Frankfurt to Milan. This follows the acquisition of vendor of record MarketPrizm last year which provides high speed traders with instant access to important market information such as best available prices and options on stocks.”
-Ends-
About Colt
Colt is the information delivery platform for Europe, enabling its customers to deliver, share, and process and store their vital business information. An established leader in delivering integrated computing and network services to major organisations, midsized businesses and wholesale customers, Colt operates a 21-country, 35,000km network that includes metropolitan area networks in 39 major European cities with direct fibre connections into 18,000 buildings and 19 Colt data centres.
In 2010, the Colt Data Centre Services business was launched to deliver innovative high quality modular data centres which are rapid to deploy and power efficient.
Colt is listed on the London Stock Exchange (COLT). Information about Colt and its services can be found at www.colt.net.
For more information, please contact:
Press contacts
Colt, François d’Essertaux
DDI: +44(0)20 7863 2953
Mobile: +44 (0) 7538 095 485
Email: francois.dessertaux@colt.net
Weber Shandwick, Tim Focas
DDI: +44 (0)207 067 0532
Mobile : +44 (0)783 5517 004
Email: tim.focas@webershandwick.com
Make Do
24 April 2012
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