MarketPrizm, a leading provider of market data and trading infrastructure services today announced that it has upgraded its installation at Nyse Euronext's Basildon facility to offer improved co-location services and a direct connection to PrizmNet, the ultra low latency mesh network for Europe.
Co-location services are a key requirement for firms following active trading strategies, allowing their trading infrastructure to be deployed as close as possible to liquidity venues and so minimising latency for both market data and order entry. MarketPrizm's co-location service at Basildon gives customers the benefit of cost mutualisation by offering hosting space in units of less than one rack, and provides connection both to the Exchange and to more than 20 other European and Asian markets via PrizmNet.
The Basildon-based service joins MarketPrizm's existing range of UK based co-location facilities at the London Stock Exchange and Chi-X Europe. MarketPrizm clients can therefore access significant liquidity in European equities and derivatives, including, for example, over 85% of volume in FTSE 100 trading*, directly from MarketPrizm's co-location sites.
Customers at these sites connecting to PrizmNet can elect to take ultra low latency market data and order entry services^ using either MarketPrizm's normalised software feed handlers or via PrizmX, a hardware accelerated data feed solution which offers 10 microsecond latency performance.
Tanuja Randery, Chief Executive Officer, MarketPrizm said, "Market infrastructures in Europe continue to evolve, and MarketPrizm continues to improve its service offerings in tandem. By upgrading our facilities at Basildon, we can continue to offer a choice of ultra low latency data and direct order entry services to our clients, while reducing their cost of deployment by expanding the range of services we offer on a cost mutualised basis."
* Source: BATS Global Trading average market volume data for week ending 4 November 2011
^ Access to individual markets may be subject to Exchange rules relating to data vendor distribution within the co-location facility.