GTT Communications, Inc. (NYSE:GTT) says it has expanded its platform of low latency services to Brazil's financial markets. According to GTT, its service will help organizations trading in Brazil overcome sourcing and infrastructure deployment challenges in the region.
GTT serves local Brazilian and global clients trading on the B3 Bolsa Balcao Brasil SA exchange. GTT says its activities in Brazil complement its low latency services between major financial centers around the world as well as its ownership of the transatlantic GTT Express fiber cable system (formerly Hibernia Express; see "GTT to buy Hibernia Networks for $590 million").
The turnkey service to Brazil will include ultra-low latency connectivity, proximity hosting, time synchronization services, hardware procurement, installation and maintenance, and local consultancy.
"Brazil is a key growth market for the financial sector," said Rick Calder, GTT president and CEO. "GTT is committed to delivering a turnkey, latency-optimized service that enables near real-time access to critical market information for our financial clients doing business in Brazil."
GTT says its Time Synchronization service provides clients with a single source of time across their entire trading infrastructure to correlate data sets and time-stamp trade executions within sub-microsecond UTC accuracy. Upon the launch of its matching engine in November 2017, GTT will deliver Time Synchronization in B3's new colocation facility.
The expansion into Brazil comes as GTT has embarked on an aggressive acquisition campaign to increase its global footprint and capabilities. In addition to Hibernia, recently announced acquisition agreements include deals for Perseus and Global Capacity.
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