MarketPrizm co-locates at TSE

Source: MarketPrizm

MarketPrizm, a leading provider of market data and trading infrastructure services, today announced that it has setup a mutualized colocation environment for clients at the Tokyo Stock Exchange, Inc. (TSE) to provide clients with market access services - data, order routing, managed hosting and low latency networking in the TSE data centre.

The TSE Co-location Service is ideal for latency-sensitive investors who wish to undertake trading on the TSE.

The TSE Co-location Service was designed to make accessing the market easier for investors and trading participants and includes connectivity for equities, ETFs, REITs and derivatives. Users can collocate with MarketPrizm inside the TSE data centre and get access to both raw and normalised data and broker connectivity for execution. Users can take advantage of TSE's arrownet service, an integrated ring network with two access points connected to the data centre, which enables fast and high volume data communication and ensures business continuity during a wide-area disaster. In addition, customers can get access to away market data from other APAC venues via MarketPrizm fed to customers inside the TSE data centre.

"MarketPrizm is the first market data vendor to offer a stand-alone managed colocation set-up with the TSE," said Tanuja Randery, CEO of MarketPrizm. "That means we can provide financial firms a fully managed market access solution with the best latency in the market for accessing the TSE. We can connect the buy-side with brokers for execution inside colocation and we can provide the brokers with a faster on-boarding program for their customers. Our mutualized solution lowers the cost of entry into Japan and enables overseas customers to trade without a local office in Japan."

Hideki Ochi, Head of Customer Support of Information Services at TSE, said: "MarketPrizm is recognized as one of the leading low latency trading platform and solution providers. With their service launch in the TSE colocation facility, user's accessibility to TSE will increase which we expect will result in the growth of our market."

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