New exchange-to-exchange service from JPX leverages Colt IQ Network for security and ultra-low-latency
Chicago and Tokyo, October 19, 2017 – Colt Technology Services has announced that it will provide direct connectivity between trading venues in Tokyo and Chicago for the Japan Exchange Group’s new inter-exchange service dubbed “JPX-Chicago Co-Location Direct”. The new service, powered by Colt’s dedicated, ultra-low-latency IQ Network, links JPX’s data centre in Tokyo with the Aurora and Cermak data centres utilised by major exchanges in Chicago.
The new agreement between JPX and Colt continues a long-standing partnership between the two organisations. It is a partnership that has seen the establishment of high-speed digital connectivity between premier trading venues such as the Tokyo Stock Exchange, the Singapore Exchange and others, in addition to major exchanges in Chicago. Colt’s existing points of presence, colocated with both JPX and Chicago’s Aurora and Cermak data centres, eliminate the need for additional local connectivity. In combination with Colt’s intercontinental connectivity, JPX is able to offer significantly lower latency to trading participants, contributing to greater overall liquidity. The low-latency network route chosen by JPX linking exchanges in Tokyo and Chicago was, in fact, optimised earlier this year.
Andrew Housden, VP of Capital Markets at Colt, said: “Colt has faithfully served the capital markets sector for over 20 years. We have the ability, confidence, technology and track record to continue providing trading participants with the best solutions available for market success. We’re honoured that JPX has chosen our network connectivity to serve the mission-critical needs of financial firms and traders across the globe.”
Ryusuke Yokoyama, Senior Executive Officer at TSE, also said: “JPX and Colt have had a long-standing partnership that has created value not just for our respective organisations, but all capital markets participants that rely on our platform to do business. We expect ‘JPX-Chicago Co-Location Direct’ with Colt connectivity will boost ease-of-use for investors, especially latency-sensitive users in Chicago, as well as enhance liquidity in the financial markets of both Japan and the US. We look forward to continuing our partnership with Colt and developing more exciting opportunities for investors.”
Colt aims to be the leader in enabling customers’ digital transformation through agile and on-demand, high bandwidth solutions. The Colt IQ Network connects over 800 data centres across Europe, Asia and North America’s largest business hubs, with over 25,000 on-net buildings and growing.
Colt has built its reputation on putting customers first. Customers include data intensive organisations spanning over 200 cities in nearly 30 countries. Colt is a recognised innovator and pioneer in software defined networks (SDN) and network function virtualisation (NFV). Privately owned, Colt is one of the most financially sound companies in its industry and able to provide the best customer experience at a competitive price. For more information, please visit www.colt.net.
JPX, the Asia’s leading comprehensive exchange group, is integrated market infrastructure, with its business domain covering cash and derivatives market operation, self-regulation, and clearing Tokyo Stock Exchange (TSE), the Asia’s largest cash equities exchange, is home to more than 3,500 companies and a wide variety of ETP and REIT products, and Osaka Exchange (OSE), the derivatives arm of the group, provides trading opportunities for Japanese derivatives such as Nikkei 225 futures, TOPIX futures, and JGB futures. In addition to efficient, stable and transparent market mechanisms, self-regulation at Japan Exchange Regulation and CCP functions provided by Japan Securities Clearing Corporation also contribute to trust and confidence in its robust and reliable market infrastructure. JPX will drive market development and continue to diversify its business portfolio as it pursues the next step forward towards becoming “Your Exchange of your Choice”. For further information, please visit our website: http://www.jpx.co.jp/english/.
Corporate Communications Group
Colt Technology Services Co., Ltd.
Phone: +81 3 4560 4480
Think Alliance Group for Colt
Phone: +852 3978 5321
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