BT extends Radianz Ultra Access to Chicago
10 November 2008 | 3216 views | 0
BT has extended its low latency connectivity offering, Radianz Ultra Access, into Chicago.
BT says firms will now have near sub-millisecond access to a number of market data and execution venues, including the Chicago Board Options Exchange and IntercontinentalExchange.
The offering has been extended into Chicago after its launch in New York last year. BT says it is looking to take the service to additional cities later this year.
The vendor cites research from Tabb Group estimating that if an agency-broker's electronic trading platform is relying on a service five milliseconds behind the competition, it could cost the firm up to $4 million. Tabb also says ten milliseconds of latency could potentially result in a 10% drop in revenues.
Kevin Covington, head, product and propositions, BT Global Financial Services, says: "Current market conditions have raised the low latency bar and connectivity speed is a critical factor that will be well evaluated by the market. BT is well positioned to address that need and through its Radianz Ultra Access service can continue to enhance the electronic trading environment and provide users with a much needed competitive advantage."