Colt, a leading European provider of business communications and IT managed services, today announced it has been selected by Nyse Technologies to provide customer connectivity to Nyse Euronext's SFTI Access Centres via the low latency SFTI Optic service.
Once connected, customers will be provided with low latency access to their colocation racks at the new NYSE Euronext European Liquidity Centre located outside of London.
The new state-of-the-art facility in Basildon, UK, will house all of NYSE Euronext's European markets and also includes a next generation colocation service for trading firms. Colt is already connecting a number of trading institutions to NYSE Euronext's SFTI® network access centres, in readiness for the anticipated migration of all NYSE Euronext European matching engines to the facility.
Colt is now offering connectivity options at 1GB and 10GB, and potentially up to 40GB and 100GB based on customer demand, using its pan-European fibre network. Colt recently upgraded its long distance network using next generation optical technologies to further drive down latency and increase resilience.
"Colt is committed to providing our financial sector clients with best-in-class access to all liquidity pools across Europe as they evolve," said Tanuja Randery, Head of Global, UK & Ireland for Colt's Major Enterprise Division. "The NYSE Euronext Liquidity Centre is a landmark facility, which will take electronic trading to new levels of capability allowing firms to access the matching engines with the lowest possible latency. We are already connecting several of the first trading firms in preparation for launch later this year."