Orange Business Services connects to Chi-X Europe

Source: Orange Business Services - Trading Solutions

Orange Business Services - Trading Solutions, the leader in unified communications solutions for the trading community, today announced it has connected its low latency trading network to Chi-X Europe Ltd (Chi-X), operator of the largest pan-European equities multilateral trading facility (MTF).

This connection will help Orange Business Services - Trading Solutions' customers to join new liquidity pools, maximise their growth opportunities and meet their best execution obligations in the post-MiFID market environment.

The Orange Business Services - Trading Solutions network hosts more than 2,000 financial institutions with over 40,000 turrets installed globally. It is the first post-MiFID dedicated trading network using the MPLS (Multi Protocol Label Switching) platform to provide links to new geographical liquidity pools worldwide. The network is designed to meet customers' connectivity needs with the greatest efficiency, with connections to multiple venues and highly secure bandwidth. Key features of the network include low-latency, fast and easy scalability and cost-effective access to the whole financial community.

"We aim to provide our customers with a flexible and reliable connectivity whilst delivering cost savings in the most efficient and effective way possible. We will continue to connect to new and growing liquidity venues as our customers require them to ensure that we are providing the most comprehensive network facility for the trading community," said Lionel Grosclaude, COO at Orange Business Services - Trading Solutions. "Our robust MPLS network connection to Chi-X Europe ensures that users benefit from much lower latency and connectivity costs compared with legacy suppliers operating on older generation technology networks," he added.

"Through our streamlined business model focused on deep order book liquidity, technology innovation and customer service, institutional investors are able to trade a wide range of European equities and ETFs highly efficiently at low cost with potential price improvement," said Hirander Misra, Chief Operating Officer of Chi-X Europe. "We are pleased to welcome Orange Business Services - Trading Solutions and their customers to our growing list of managed extranet providers."

Comments: (0)