04 September 2015

MarketPrizm introduces low latency trading infrastructure to LME

08 October 2012  |  1248 views  |  0 Source: MarketPrizm

MarketPrizm, a leading provider of market data and trading infrastructure services, today announced that it has established its low latency trading infrastructure for clients at the London Metal Exchange (LME).

This will provide clients with market access services - including real time data, order routing, managed hosting and low latency networking in the LME. The service is designed for latency-sensitive investors who wish to trade on the LME.

The LME is one of the most sought after international exchanges, with more than 95% of its business coming from outside the UK. The service enables investors and trading participants in key markets across Europe, Asia and other parts of the world to get access to the LME using MarketPrizm's low latency market data API and broker DMA connectivity for execution.

"For global investors looking to access this highly liquid commodities market, MarketPrizm is able to provide a fully managed market access solution to financial firms with the best latency in the market for accessing the LME," said Tanuja Randery, CEO of MarketPrizm. "We can connect the buy-side with low latency data and connectivity into a brokers DMA platform for execution and we can provide brokers with an outsourced DMA infrastructure service enabling a faster on-boarding programme for their customers. The LME is a hugely important market for investors in the commodities trade and with the pending HKeX merger, our service will enable customers to leverage both markets in the near future."

LME head of business development Chris Evans said "We are delighted that MarketPrizm has connected to the LME's electronic trading platform, LMEselect, extending the LME market data reach to their extensive client base. The LME's recent proximity hosting investment, offering reduced network latency access, continues to attract new users to the market." 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 
Your browser is unable to support Flash files.


Who is commenting?

Finextra Member Commented on: HSBC to rebrand Britsh...
Finextra Member Commented on: Zapp to use behavioura...

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
8523 views comments | 40 tweets | 15 linkedin
UK boosts contactless limit to £30
5821 views comments | 31 tweets | 20 linkedin
PayPal rolls out personalised URLs for P2P...
5813 views comments | 34 tweets | 19 linkedin
Behold the contactless jacket
5615 views comments | 23 tweets | 18 linkedin
MasterCard extends startup search globally
5221 views comments | 14 tweets | 5 linkedin

Featured job

to £80K base + commission + bonus
London, UK

Find your next job