Euronext has launched its new London-based microwave service, named the Euronext Wireless Network (EWIN).
The trading venue claims to be the first exchange in Europe to offer ‘plug and play’ ‘order entry in London via microwave technology.
The new offering is expected to enhance the speed of order transmission between London, UK and Bergamo, Italy where Euronext’s core data centre is located.
The EWIN has 100% fibre back-up, offering order submission via microwaves from London Equinix LD4 to Bergamo Aruba IT3 in less than 4 milliseconds.
By leveraging the faster transmission speeds of microwave technology, EWIN provides a direct communication channel, which Euronext explains reduces the time it takes to send orders to its single liquidity pool – powered by the single technology platform Optiq.
“With EWIN, we are enhancing our technological infrastructure to reinforce Euronext’s position as the leading listing and trading venue in Europe, and to provide our members with the tools they need to thrive in an increasingly competitive environment,” said Stéphane Boujnah, chief executive of Euronext and chair of the managing board of Euronext.
McKay Brothers, the largest independent microwave network provider in Europe, collaborated with Euronext to provide this new service.
“We are honoured to support Euronext’s creation of a groundbreaking wireless order entry offer. This will contribute to a more level playing field, democratise cutting-edge technologies, and improve the markets’ efficiency for investors,” said Stéphane Tyč, co-founder of McKay Brothers and Quincy Data.