Intercontinental Exchange (ICE) has announced plans to offer ultra-low latency data between markets in the US and Europe, including London, Frankfurt and Bergamo.
The trans-Atlantic data service offers a new route that removes significant latency and optimises costs for investors utilising the development.
The ICE Global Network will also be expanded by the service, providing connectivity and managed services to the most active US, European and Asian marketplaces.
“We are excited to expand our ultra-low latency offering by enabling an end-to-end market data solution between US and European markets, which is designed to improve the speed and access to international financial markets,” said Margaret Niche, head of ICE Global Network.
“This new service will complement our existing offering. It will connect to the key data centres in Europe and will leverage our existing data delivery platform to ease integration for customers and provide a consistent service, including our comprehensive fibre back-up.”
A system of wireless networks on each continent will be combined by the solution, with high-speed transatlantic fibre to connect US and European markets.
The offering allows market participants to work with a single vendor enabling operational challenges linked to building and supporting a global end-to-end market data solution to be simplified.
The initial route available will transport market data Eastbound from Illinois to various locations across the London Metro Area and Europe, including Frankfurt and Bergama. ICE stated that it plans to launch more hybrid routes – both Eastbound and Westbound – between Europe and the US at a later stage.