Investment bank Nomura has launched a co-location service in Europe, offering clients software hosting and low-latency connectivity to Europe’s major exchanges and multilateral trading facilities.
The service has been designed by the bank’s technology and product teams in conjunction with telecommunications and connectivity company COLT, which will provide the network infrastructure. A dedicated fibre-optic network has been deployed in three major European cities.
“The fastest possible market data and the fastest possible trading connections are critical for the low-latency trading community. At Nomura, we have combined leading networking and trading expertise with significant investments to achieve these goals,” said Jeff Zorek, global co-head of prime product management at Nomura. “The launch of Nomura’s co-location network will help expand our market share across all European equities, and will assist us in becoming a top-five global trading house.”
Nomura said it was the most active broker on the London Stock Exchange in July, August and September 2009.
The co-location service is supported by a specialist infrastructure team, and is integrated with Nomura’s Prime Services products. Nomura and COLT aim to continue collaborating and enhancing the service.
“Harnessing the power of ultra low latency network solutions is increasingly critical for our finance customers,” said Tanuja Randery, head of COLT’s global business division. “We have worked closely with Nomura to build a solution that pushes the boundaries of latency.”