BT announced today that it has become a provider of extranet connectivity for the Taiwan Futures Exchange (TAIFEX).
TAIFEX will utilize the Radianz Shared Market Infrastructure to support the distribution of the exchange's real time market data, which will be available to more than 10,000 financial service sites worldwide. Through the agreement, TAIFEX will make its market data available on a shared network for the first time, vastly simplifying global financial institutions' access to this information.
Arthur Yeh, Senior Executive Vice President, TAIFEX, said: "This move is aligned with our mission to provide investors with more efficient services to increase our market share by global expansion. We chose BT because of its unprecedented access to the global financial community, as well as the benefits of high speed, low latency connectivity, which enables us to reap cost and time efficiencies with lower infrastructure costs."
Richard Man, Head of Asia-Pacific Sales Radianz Services, BT Global Financial Services, said: "With the addition of TAIFEX, customers can realize the cost-saving benefits of using the Radianz Shared Market Infrastructure. With the recent moves to allow DMA (Direct Market Access) into the cash and derivatives markets by TAIFEX and other exchanges, there will be greater demand for improved performance and lower latencies as more firms begin to trade these markets with advanced execution methods. Our clients and partners will be able to receive low latency real-time data direct from TAIFEX wherever they are located."
The Taiwan Futures Exchange joins nearly 50 execution venues worldwide who currently distribute their market data services or enable access to trading applications over the Radianz Shared Market Infrastructure.