BT and the Irish Stock Exchange (ISE) today announced that market data from the ISE is now accessible to the 15,000+ global member sites in the BT Radianz Cloud.
The ISE's relationship with BT makes it easier for investors in Europe and beyond to access ISE information and is expected to expand the ISE's existing international reach for its market data.
The BT Radianz Cloud is the world's largest secure networked financial services community that enables global financial markets participants to exchange market information, trade with each other and clear and settle transactions. The ISE is a leading stock exchange globally for listing hedge funds and alternative funds and is Europe's primary listing centre for asset-backed securities, with a 70% share of this market.
The BT Radianz Cloud community of banks, broker-dealers, investment managers and hedge funds will benefit from fast, cost-effective access to a broad set of new debt and investment fund data from the ISE. This includes trade information in relation to Irish Government bonds and treasury bills and security reference information for over 21,000 debt and 7,400 investment fund instruments listed on the ISE's markets.
Mark Scully, Head of information Technology, Irish Stock Exchange said: "The BT Radianz Cloud offers us an additional distribution channel, and will deliver to its huge community of users access to ISE bond and fund data, which covers over 4,000 international debt and investment fund issuers from 45 countries around the globe."
Brian Healy, Director of Traded Markets, Development, Operations, Irish Stock Exchange said: "We are delighted to build upon our relationship with BT. Offering ISE data via the BT Radianz Cloud should lead to further growth in the ISE's international customer base for our market data and information products business."
Shay Walsh, Managing Director of Business, BT Ireland, said: "The BT Radianz Cloud is an example of the global scale of the services available to Irish business on BT's network. The decision of the ISE to join this community will allow it to benefit from the reach and security of the BT Radianz Cloud infrastructure. Dublin's position as a hub for the worldwide financial services sector is underlined and strengthened by this relationship."
Tom Regent, President, Global Banking & Financial Markets and Sales & Marketing, BT Global Services, said: "We are continuing to expand the scale and reach of the BT Radianz Cloud community, which has now expanded to include over 15,000 member locations. This agreement with the Irish Stock Exchange reinforces our continued expansion into markets across Europe and within the global exchange community."
The ISE becomes the latest in a series of exchanges to join the BT Radianz Cloud community.