AUGUST 23, 2010 -- European business and managed IT services provider Colt says it has enhanced its FastNet Ultra portfolio by introducing two new low-latency trading routes connecting key European financial centers. The new London to Frankfurt route offers a measured latency 4.22 ms, while Colt says its new Paris to Brussels route has a latency of 2.65 ms.
These latencies are significantly lower than those associated with other offerings in the market, Colt asserts. To achieve these latency figures, Colt built two new, direct fiber routes using Infinera’s Low Latency Toolkit applied to the systems provider’s Digital Optical Network optical transport equipment.
Structural changes in financial markets as a result of regulatory changes under MiFID have encouraged the rapid development and growth of high frequency trading using algorithms that enable ever faster trade transactions to take place. This evolution of trading has seen technology and networks become differentiators for financial institutions in this extremely competitive sector.
Terry Quigley, head of industry practices at Colt, said, “When it comes to succeeding in the financial markets, technology -- including the underpinning network -- is what drives competitive advantage. Colt addresses the need to be ahead of the game with its FastNet Ultra Portfolio. By offering these new, significantly improved routes and combining them with SLAs that guarantee constant and predictable low latency, Colt can now take European traders to the next level of competition.”
The Colt Fastnet Ultra portfolio is a range of services launched early this year designed for financial customers, which include Europe’s top 25 stock exchanges, hedge funds, central banks, market data providers, and financial services organizations. FastNet Ultra provides ultra low latency connectivity, new fast trading routes, proximity hosting services and exchange & multilateral trading facilities (MTF) connectivity services.
Colt’s pan-European network can deliver up to 1.6-Tbps capacity between cities.
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