Financial services connectivity provider BT Radianz plans to expand its ultra-low latency connectivity to Paris, providing market participants in continental Europe with sub-millisecond access to market data, execution services and trading venues.
The firm's offering, BT Radianz Ultra, already operates in New York, Chicago and London and is targeted specifically at companies hoping to benefit from the latest low-latency technology. BT claims it is implementing the new system in response to direct demand from customers in Paris for low-latency access to the London markets, which were connected to Radianz Ultra in April 2009.
“As new execution venues come online and existing ones consolidate, low latency access to markets is a critical component of successful trading strategies,” commented Marc Carletti, head of global banking for BT Global Banking & Financial Markets.
Implementation of BT Radianz Ultra is currently underway, with the service expected to be available in Paris in May 2011.