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BT to expand financial sector hosting capacity in New York

15 June 2009  |  1281 views  |  0 Source: BT

In response to the financial services industry's continued demand for low-latency direct market access services, BT today announced that it is expanding its market-leading hosting capacity to a new location in New York City.

This new capacity supplements BT's existing New York metro data center as well as those in London, Chicago, Frankfurt, Paris, Hong Kong, Singapore, Tokyo, and Sydney, which reside strategically near exchanges and trade execution venues and are customized specifically for the financial services industry.

All the benefits of BT's hosting centers are offered at this new, strategically-located facility including Radianz Ultra Access, BT's low-latency connectivity service which reduces round-trip delay ("RTD") to less than one millisecond and is designed to readily accommodate future growth in data traffic. Also available is Radianz Proximity Solution which combines BT's world-class hosting with its award-winning connectivity to the financial community.

The center provides existing customers room for growth, and helps new ones place their systems in virtual proximity to ten major execution venues. The OPRA ("Options Prices Reporting Authority") consolidated datafeed is also directly accessible at this location.

Andy Nicholson, Vice President, Global Banking & Financial Markets, BT, said: ""BT's financial services hosting centers are designed, managed, and operated exclusively for participants from the global financial services community. Our turnkey low-latency offering, Radianz Proximity Solution, provides our customers with a competitive edge in trading on all major markets.

"Low latency is a strategic priority for our customers and for BT. Our capabilities, such as Radianz Ultra Access, can reduce latency to the sub-millisecond range. Customers therefore no longer need to be located at the heart of the market to compete with those who are."

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