Agency broker Instinet Europe has implemented telecoms firm BT’s Radianz proximity hosting and extranet connectivity. According to BT, this will enable Instinet Europe to benefit from closer proximity to European exchanges and multilateral trading facilities (MTFs) and access to a wide number of market participants via the Radianz Shared Market Infrastructure.
“We are continually seeking new ways to reduce latency in order to help our clients improve their execution performance,” said Richard Balarkas, Chief Executive Officer of Instinet Europe. “We are pleased to be extending our existing relationship with BT in pursuit of this goal.”
The Radianz proximity solution provides fully-managed hosting facilities with low-latency connectivity that gives high speed access to exchanges and securities trading venues.
According to BT, the service places customers’ servers virtually in the middle of execution venues, supporting brokers’ increasing requirement for high execution speed and direct access to trading venues.
Through the Radianz proximity solution, Instinet will have access to all of the services and benefits of the Radianz Shared Market Infrastructure, including access to more than 10,500 end points worldwide. The Radianz proximity solution is part of BT’s low-latency portfolio, which also includes Radianz Ultra Access, the high-speed connectivity solution that provides low latency connectivity for local market participants to market data and trade execution venues.