BME, the Spanish Exchange, announced today that Exponential-e, the specialist provider of fully managed end to end Ethernet solutions and access provider to a number of leading financial exchanges, will provide connectivity to its two hubs in London.
BME, through its IT subsidiary Visual Trader, opened last year two access points in London. These two gateways allow market participants located in London to access the BME's markets cost-effectively and easily, as the gateway provides connectivity between London and Madrid. Optimization of the route has reduced one-way latency to approximately 14 milliseconds.
Exponential-e's financial network is optimized for high-frequency trading. It connects directly into key Exchanges, ECNs, Brokers and trading platforms. Exponential-e's presence in both data centres in which BME Hubs are located, allows Exponential-e's customers to interconnect to BME with a simple cross-connect. Additionally, last-mile connectivity between the customer premises and Exponential-e PoPs is offered at low cost.
Jose Parga, Managing Director of BME Visual Trader said, "We are pleased to have Exponential-e as partner to allow market participants in London to take advantage of cost-effective access to BME markets with a short time to market. With the Spanish markets becoming increasingly competitive and with the influx of foreign market participants, we believe that this is an excellent opportunity for investment and trading firms to access our markets."
Lee Wade, Chief Executive at Exponential-e, said: "We are delighted to announce our partnership with BME, which will enable fast, low latency access to the Spanish Financial Exchanges across Exponential-e's network, which is optimized for financial trading customers. This move will further boost our access choices for new and existing customers, and also provide a scalable range of access options to meet customer requirements."