Chi-X Europe, a pan-European multilateral trading facility (MTF), has joined telecoms provider BT’s Radianz Ultra Access low-latency connectivity network.
As a result, buy- and sell-side firms in London will be able to benefit from sub-millisecond access to the Instinet-owned MTF.
BT’s Radianz Ultra Access network provides connectivity between investment banks, brokers and investment managers and the exchanges and MTFs on which they trade. BT already provides network services to many participants of Chi-X Europe in the UK and continental Europe.
“Chi-X Europe’s matching engine is rated as super-fast for matching trades, with an average internal latency of 350 microseconds. In order to take advantage of this it is vital that our participants have the lowest-latency inbound connectivity possible while also having sufficient spare capacity to deal with daily peaks in trading activity,” said Hirander Misra, COO, Chi-X Europe, in a statement.