BT Radianz to expand NY data centre; enhance proximity service

BT Radianz to expand NY data centre; enhance proximity service

BT Radianz is to make a multi-million dollar investment in expanding its New York Area data centre in response to rising demand for low latency direct market access to execution venues.

The Radianz Proximity Solution facilitates algorithmic and program trading by hosting customer trading applications adjacent to market data and execution venues.

The vendor says the multi-million dollar enhancement to its NY data centre will lead to a 150% increase in the capacity of its Radianz Proximity service and enable more financial institutions to locate their trading engines near execution venues in the city.

Kevin Covington, EVP, business and product development, BT Radianz, says low latency connectivity is becoming a "must-have" as market players develop more sophisticated trading strategies and demand direct access to liquidity pools. By placing servers near execution venues, firms can reduce distance-related delays.

"By investing in our facility in the New York area, we're both responding to market need and ensuring that BT Radianz continues to provide end-to-end infrastructure solutions that combine flexible, low latency capabilities with high performance connectivity," adds Covington.

The Radianz service was launched in the New York-area in 2005 and expanded to Europe and Asia in 2006. Germany's Deutsche Bank and Swedish agency broker NeoNet both use the service to provide clients with low latency market access.

European derivatives exchange Euronext.liffe also uses BT Radianz's proximity service to provide direct access to its own electronic trading platform Liffe Connect.

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