MarketPrizm, a provider of market data and trading infrastructure, has started installing the Asian segments of its global ultra-low latency data distribution infrastructure.
MarketPrizm’s local and cross-border networks and its co-location and hosting services are designed to allow market participants to deploy their trading infrastructure as close to the market as possible.
The firm plans to complete the infrastructure by the end of Q1, allowing customers to use the PrizmNet Asia network to connect to the Tokyo Stock Exchange, Osaka Securities Exchange, Chi-X Japan, the Australian Securities Exchange, Chi-X Australia and the Singapore Exchange. Normalised market data will also be able to be received from MarketPrizm’s MPAPI service in any one of these locations.
In each market, the firm has promised to offer ultra-low latency market data feeds and order entry to the main trading venues, as well as remote management services. Phase two markets will include India and Hong Kong.
“Market structural change is arriving in Asia,” said Tanuja Randery, CEO, MarketPrizm. “The exchanges are moving to faster technology and customers demand solutions that will enable them to access multiple markets easily. We will expand PrizmNet into India, Hong Kong and Korea to enable us to meet the growing needs of our clients.”
In November, MarketPrizm formed a partnership with Ullink, a provider of connectivity and order management solutions, to offer trading firms in Europe and Asia access to MarketPrizm services via Ullink’s trading solutions.