MarketPrizm begins rollout of Asian data network
MarketPrizm, a provider of market data and trading
infrastructure, has started installing the Asian segments of its global
ultra-low latency data distribution infrastructure.
MarketPrizm’s local and cross-border networks and its
co-location and hosting services are designed to allow market participants to
deploy their trading infrastructure as close to the market as possible.
The firm plans to complete the infrastructure by the end of
Q1, allowing customers to use the PrizmNet Asia network to connect to
the Tokyo Stock Exchange, Osaka Securities Exchange, Chi-X Japan, the
Australian Securities Exchange, Chi-X Australia and the Singapore Exchange. Normalised market data will also be able to be received from MarketPrizm’s MPAPI service in any one of
In each market, the firm has promised to offer ultra-low
latency market data feeds and order entry to the main trading venues, as well as remote management services. Phase two markets will
include India and Hong Kong.
“Market structural change is arriving in Asia,” said Tanuja
Randery, CEO, MarketPrizm. “The exchanges are moving to faster technology and
customers demand solutions that will enable them to access multiple markets
easily. We will expand PrizmNet into India, Hong Kong and Korea to enable us to
meet the growing needs of our clients.”
In November, MarketPrizm formed a partnership with Ullink, a provider
of connectivity and order management solutions, to offer trading firms in
Europe and Asia access to MarketPrizm services via Ullink’s trading solutions.