31 August 2014

Colt creates capital markets team

12 June 2014  |  1200 views  |  0 Source: Colt

Colt today announces it is enhancing its service delivery capability in the Capital Markets sector with the creation of a focused Capital Markets team.

This team will build on the expertise of Colt's 20 year heritage and leadership in this sector and the Front Office experience of MarketPrizm to provide a consistent customer experience from product development through to sales engagement, delivery and service management for customers that need guaranteed access to the global markets.

Colt Capital Markets builds on Colt's extensive network and data centre infrastructure and expertise, and MarketPrizm's ultra-low latency market data and infrastructure solutions to provide the agile infrastructures that customers need to keep up with the pace of change in this marketplace from a single provider. Colt Capital Markets will offer MarketPrizm services as part of a wider Capital Markets offering; these services continue to provide a key differentiator for Colt in this market. Customers will benefit from investment in a growing range of industry-specific services as well as dedicated Capital Markets post sale delivery and service management.

Andrew Delaney, President & Editor in Chief, A-Team Group comments: "Regulation has changed the face of the Capital Markets sector. Market participants are increasingly focusing on their core business and working with technology partners that can provide the agility and scale required to access new markets and increase market share. By combining its network and data centre footprint with the MarketPrizm market data and direct market access services, usually associated with niche players, Colt Capital Markets is well-positioned to help customers access the continuously expanding number of market venues."

Naz Dossa, VP Capital Markets, said: "This marks an exciting time for Colt in its evolution in this marketplace. The creation of a team focused on Capital Markets across the customer lifecycle, will enable us to focus more on our customers in this sector and invest further in services that directly help customers grow their market share in an increasingly fly fragmented environment. We are already working with a number of customers to deliver solutions based on both MarketPrizm and Colt services in a single SLA driven solution. Customers benefit from an end to end SLA covering all of the services Colt Capital Markets offers, simplifying the delivery of IT to their business.

MarketPrizm was fully acquired by Colt in 2013. Its services and people will form a core part of Colt Capital Markets. Jay Hibbin, VP, Capital Markets Services, who will be responsible for Colt Capital Markets services going forward concludes: "Our customers are looking for managed services that provide access to new sources of liquidity, without the investment and time required to build physical infrastructure or resources in those new markets. MarketPrizm's experience in servicing the front office needs of customers combined with Colt's latency and speed sensitive infrastructure provide an information delivery platform for the Capital Markets sector that offers a real differentiator for Colt, and its customers, in this market."

Colt Capital Markets customers include exchange venues, central banks, clearing houses, investment banks, hedge funds and proprietary traders. Recent customer announcements in this sector include EuroCCP, CMC Markets and Source as well as Target2-SECURITIES wins Monte Titoli and Deutsche Bundesbank. 

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