Colt, Europe’s leading information delivery platform, today announced it is to provide a proximity hosting service for financial institutions wanting to connect to the London Stock Exchange Group (“LSEG”) data centre, strategically located in the heart of the City. Developed in partnership with LSEG, the new low latency service will enhance the portfolio of hosting solutions available to the Exchange’s customers through Colt’s comprehensive portfolio of proximity services.
Colt’s proximity hosting service offers connectivity with sub 100 microseconds round-trip latency to the London Stock Exchange Group’s markets, including the new ultra-fast Millennium Exchange trading platform underpinning the Turquoise market, and the London Stock Exchange’s Main Market from later this year. Clients will also be able to leverage a range of other Colt services, including proactive monitoring and managed services.
The Colt service will complement the London Stock Exchange Group’s established co-location service, which allows clients to locate their trading equipment physically within the Exchange’s primary data centre facility – as close as possible to the matching engines and market data system. The new proximity service provides further choice for customers looking to connect to the Group’s data centre and will help meet continued market demand for high frequency trading connectivity options.
With its long-standing role in underpinning financial trading, Colt was selected by London Stock Exchange Group following a competitive tender because it already connects a broad range of European trading firms with its pan-European fibre network and offers in-depth market insight and a technically advanced solution based on its information delivery platform.
Tanuja Randery, Managing Director, Global, UK/Ireland for Colt Enterprise Services, added, “Technology is increasingly key to enabling faster trading execution decisions. We are excited to be working with London Stock Exchange Group to offer clients a highly competitive solution for accessing the Group’s platforms. Clients coming to Colt for proximity hosting services will benefit from consistent low latency access, backed by a service that is highly resilient and supported by Colt’s service team across Europe.”
Antoine Shagoury, Chief Information Officer, London Stock Exchange Group, said: “Our new partnership with Colt marks another step forward in our efforts to expand and enhance access options to the Group’s markets. This new proximity hosting service will complement our established co-location offering, providing additional choice for customers looking to access our central London data centre”.
Colt’s proximity hosting service is part of its FastNet Ultra portfolio, a range of low latency services specifically designed for the needs of Colt’s financial trading customers.
About FastNet Ultra
Launched in early 2010, the Colt Fastnet Ultra portfolio is a range of services specifically designed for the needs of Colt’s financial customers, which include Europe’s top 25 stock exchanges, hedge funds, central banks, market data providers and financial services organisations. FastNet Ultra provides ultra low latency connectivity, new fast trading routes, proximity hosting services and exchange and multilateral trading facilities (MTF) connectivity services.
About Colt
Colt is Europe’s leading information delivery platform, enabling its customers to share, process and store their vital business information. Colt is an established leader in delivering integrated networking and IT managed services to major organisations, midsized businesses and wholesale customers. Colt operates a 13-country, 25,000km network that includes metropolitan area networks in 34 major European cities with direct fibre connections into 16,000 buildings and 19 Colt data centres.
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, Francois D’Essertaux
DDI: +44 (0) 207 039 2953
Email: francois.dessertaux@colt.net
Weber Shandwick, Stacey Jones
DDI: +44 (0)207 067 0543
Email: ColtUK@webershandwick.com
Industry analysts’ contact
Agi Augustyniak
DDI: + 44 (0) 8453 700655
Mobile: +44 (0) 07595 003328
Email: ColtAR@octopuscomms.net
Colt Technology Services
10 January 2011
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