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Colt launches service bundle for migration to Next J-Gate

29 February 2016  |  1402 views  |  0 Source: Colt

Colt announced today the launch of the “Colt OSE Next J-GATE Migration Service”, a new service bundle to help firms currently located in the Japan Exchange Group Co-location Service (“JPX Co-Lo(OPEN)”) migrate to JPX Co-Lo (all).

The new service bundle combines colocation services, low latency market data feeds, and network connectivity with end-to-end project management.

By mid-2016, JPX will launch the new high performance Next J-GATE matching engine and consolidate colocation services. The migration is currently planned for July 19 2016. The JPX Co-Lo(all) will house both the new Next J-GATE system of the Osaka Exchange Inc. (OSE) and the arrownet platform of the Tokyo Stock Exchange (TSE). With the closure of JPX Co-Lo(OPEN), firms trading OSE derivatives from JPX Co-Lo(OPEN) will migrate to the JPX Co-Lo(all) facility. Colt’s OSE Next J-GATE Migration Service has been designed to facilitate and simplify this migration process.

Colt is also upgrading its existing 1Gbps network between JPX arrowhead and other trading venues and colocation facilities in Japan to a 10Gbps network. This will support higher market data bandwidths, particularly the TSE Flex wide bandwidth feeds and the new OSE ITCH feeds.

The complete service bundle from Colt includes the following elements:

  • MarketPrizm colocation in the JPX Co-Lo(all) facility
  • Hardware migration and eventual purchase of new hardware
  • Connectivity to Next J-Gate and brokers/vendors located inside the data centres
  • MarketPrizm low latency market data feeds (in normalised or raw format)

As part of its service migration package, Colt is also offering end-to-end project management for the migration and remote hands free-of-charge for a limited number of first movers as part of the launch campaign. Firms will also benefit from Colt’s support in both English and Japanese – particularly important for firms with no local staff – and superior SLAs.

“The process of moving your trading infrastructure from one data centre location to another, even if only a few hundred meters away, is a major logistical exercise for most firms. With Colt’s established presence in both JPX colo facilities (OPEN and all) and its extensive services for Capital Markets, we are in a unique position to help customers with this migration. Our experience in provisioning new connectivity and managing the move of hardware, such as servers and network equipment, can help firms mitigate disruption in trading activity during the migration period,” said Richard Man, Head of Solution Sales, Capital Markets for Colt in Asia Pacific.

“Grasshopper is trading actively in TSE and OSE and so requires the very highest levels of availability. As a Singapore based proprietary trading firm, we have chosen to partner with Colt on this significant migration and will be relying on their multilingual capabilities and deep experience in the JPX colo facilities. Colt’s range of services including market data, low latency connectivity and project management makes things simpler for us,” said Tan T Kiang, Chief Technology Officer at Grasshopper Pte.

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