Spanish Stock Exchange BME is opening an access point in London to improve speed, reliability and security for UK-based firms accessing its markets.
The new technology gateway is due to be operational in late January 2015 and will reduce latency to BME’s equity and derivatives platforms by 20% to 11.4 milliseconds.
It consists of high capacity fiber optic cables connected to Madrid via two separate routes to ensure service continuity and will be based in the Equinix Slough data centre.
Slough already hosts IT systems for around 200 financial institutions, making it simpler for firms to connect and access the BME.
José Parga, CEO of BME’s technology subsidiary Visual Trader, said, “The new node will be a breakthrough in terms of speed, quality and ease of access to the Spanish cash and derivatives markets, helping to increase liquidity and closer ties between BME and financial institutions in London."