Market participants will soon be able to access GETCO Execution Services Europe (GES Europe), the centrally-cleared broker crossing network run by electronic market making firm GETCO, via infrastructure and market data provider MarketPrizm.
MarketPrizm is to provide hosting and connectivity solutions for GES Europe using PrizmNet, its dedicated ultra-low latency connectivity infrastructure.Using the MarketPrizm link, brokers will be able to send their orders to GES Europe from anywhere in Europe by cross-connecting to PrizmNet.
GES Europe provides coverage of equities in the UK, France, Italy, Germany, Belgium, Portugal, Switzerland and the Nordic countries.
“MarketPrizm is connected to 23 markets in Europe and our robust and secure connectivity coupled with our market hosting solution will allow GETCO to reach more clients, in more markets, more quickly,” said Tanuja Randery, CEO, MarketPrizm. “Outsourcing non-core services such as connectivity and hosting makes good business sense as it reduces costs while providing the flexibility to allow infrastructure to be scaled up quickly and easily to suit changing business priorities.”
In addition to its European dark pool, GETCO also offers execution services in the US including GETAlpha, an execution algorithm for US equities that uses the same high-tech trading tools as a dedicated market maker; GETMatched, an electronic trading platform that provides access to GETCO liquidity; and GETRouted, a customised low-latency router.