Algo Technologies goes live with low-latency Swiss trading link

Algo Technologies, the trading technology supplier set up by former Chi-X Europe COO Hirander Misra, has launched high-speed connectivity for trading on SIX Swiss Exchange.
By None

Algo Technologies, the trading technology supplier set up by former Chi-X Europe COO Hirander Misra, has launched high-speed connectivity for trading on SIX Swiss Exchange.

The technology vendor will provide co-location and proximity hosting solutions from data centre operator Equinix's ZH4 facility in Zurich, which opened in May 2010.

The offering includes AlgoData, a low-latency US and European market data service, and AlgoSpan, its inter-exchange network for low-latency fibre-optic connectivity, which links ZH4 to other data centres including Equinix's own in Slough and Frankfurt.

“This is very much part of our development of a world-class, super fast distributed trading infrastructure,” said Misra. “It will cater to the latency-sensitive trading community as they move away from trading single locations to trading from multiple locations powered by our low latency market data with our near light-speed fibre network interconnecting their trading hubs via the shortest available path. And in order to allow our clients to access a wide range of trading venues we have created a portfolio of co-location facilities closest to the big pools of trading liquidity at exchanges and multilateral trading facilities.”

“By extending our proximity service offerings, we are responding to the needs of the large proportion of our customer base that is connecting to the exchange from remote trading locations and wishes to improve trading performance without increasing risk,” added Chris Landis, managing director and head of operations at SIX Swiss Exchange. “All these benefits result in improved liquidity and more efficient market activity which ultimately benefits the end investor.”

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