11 December 2017
visit www.aciworldwide.com

Cbot selects RadianzNet for quote vendor network

22 April 2003  |  3243 views  |  0 Cbot selects RadianzNet for quote vendor network

The Chicago Board of Trade (Cbot) has selected Radianz to provide the Internet Protocol (IP) networking needed to distribute real-time market data across its global quote vendor network.

Under a three-year contract, Radianz will provide an IP-multicast solution using its global financial extranet RadianzNet that will enable market data to be distributed simultaneously across all 60 of the Exchange's data vendor connections.

Steve Dickey, vice president, market data products, Cbot, says the expected increase in market data volumes following the implementation of the Liffe Connect platform required the Exchange to seek a better solution for its quote vendor network.

"Radianz's fully managed IP networking will facilitate the rapid communication of trade data, increase our operational efficiency by reducing the lead time to establish connectivity, and minimise our network management responsibilities," says Dickey.

He adds that the deal will also enable the Exchange to reduce costs associated with installing multiple point-to-point network connections.

Cbot is the 100th financial institution to sign up to Radianz's IP network.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Sun technology to underpin Cbot Liffe Connect platform

Sun technology to underpin Cbot Liffe Connect platform

04 April 2003  |  4076 views  |  0 comments
Swiss American Securities to offer data access via RadianzNet

Swiss American Securities to offer data access via RadianzNet

04 March 2003  |  5169 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.solutions.lexisnexis.comvisit www.response.ncr.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18522 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11420 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7864 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6659 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6091 views comments | 19 tweets | 10 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job