BT announced on Tuesday that it will provide Chi-X Europe, a pan-European equity alternative trading system (ATS), with secure hosting and low latency connectivity through Radianz Proximity Solution. As a result, Chi-X Europe clients will now have the option to co-locate their trading engines and achieve near-zero trading latencies, says the firm.
"Chi-X Europe offers clients faster, cheaper and smarter trading in a range of European equities," says Hirander Misra, director, Chi-X Europe. "As part of this proposition, we are continually working with third parties to provide faster and more efficient connectivity and trading opportunities. The Radianz Proximity Solution offers the opportunity to reduce the low Chi-X Europe response times to near- zero latency," continues Misra.
"Chi-X Europe has recognised the business opportunities that MiFID provides and the need that more and more clients have for a low latency solution that gives them a vital competitive edge," states Mark Akass, chief technology officer, BT global financial services. "BT has made investments in infrastructure to support customers in their response to MiFID. Our customers are turning to BT for solutions that deliver greater agility and allow them to concentrate on their core business value propositions," he continues.