Equiduct chooses BT for connectivity and infrastructure hosting

Source: BT

Equiduct, the new electronic trading platform, today announced that it has selected BT to provide connectivity and hosting for electronic trading access to the new market and low-latency market data distribution.

As part of the agreement, Equiduct will utilize the Radianz Shared Market Infrastructure and BT's hosting facility in London to drastically reduce the cost and time required for participant firms to achieve MiFID compliance for best execution, internalisation and pre- and post- trade transparency, while simultaneously enabling MiFID related revenue streams and market penetration.

"The decision to house Equiduct's data at the BT hosting centre in London will ensure access to the broadest range of investment firms across Europe, will lower the barrier for connectivity and will provide the lowest possible latency." says Rob Brouwer, Chief Information Officer, Equiduct.

Bob Fuller, Chief Executive Officer, Equiduct adds "One of the key differentiating factors for the Equiduct market is the VBBO real-time feed which will derive data using very low latency direct price feeds. This will provide our customers with the full market depth across all eligible venues without any data conflation to provide a pan-European consolidated tape."

David Stopforth, Head of EMEA Sales Radianz Services, BT Global Financial Services, comments: "The financial markets are evolving rapidly to include many non-traditional execution venues. BT supports the innovation of firms like Equiduct by providing low-latency connectivity and fully-managed hosting services that enable rapid access to a wide community of financial firms."

"Equiduct will be an important venue to come out of the regulatory changes introduced by MiFID. BT is proud to provide solutions that help the global financial markets address the requirements and take advantage of the opportunities that are arising from regulatory changes around the world," adds Stopforth.

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