Real-time market data specialist Arcontech is to offer its products over the Radianz network under an initiative that will allow institutions to create shared networks of data that cut out information vendors such as Reuters, Bloomberg and MoneyLine Telerate.
Under the arrangement, Arcontech's CityVision StarNet software will be used over RadianzNet to create data sub networks connecting producers and consumers of real-time market data. Firms may use the network to outsource their data contributions infrastructure, as a direct distribution channel to end users, or to create data sharing communities that bypass traditional information providers.
Andrew Miller, managing director of London-based Arcontech, says that there have been attempts to establish such networks before, notably for replacement of vendors' closed-user groups using the Internet. "The beauty of this deal is that is removes the key obstacle that has hampered deployment in the past – the lack of reliable, high-performance bandwidth," he says. "Although StarNet works well over the public Internet, there's not much in the way of service level guarantees available out there."
Myron Tataryn, head of European sales at Reuters/Equant subsidiary Radianz, comments: "Whilst Radianz remains neutral concerning the services and suppliers we support, clearly it makes sense to work with companies whose products add value to our own offerings. Arcontech has some interesting technology in its CityVision StarNet range that fit well with our model. The combination allows for rapid delivery of selective real-time channels between any or all of our 9000+ customer locations - a true market data community."