Orange Business Services – Trading Solutions, a provider of electronic and voice trading infrastructure and services, has promoted Nick Brooks to the position of UK networks director to drive the adoption of its new trading network.
Launched in February this year, Orange’s multi-protocol label switching (MPLS) system is a low-latency, global voice and data network designed specifically for the trading community. MPLS is a data-carrying mechanism that is capable of using any network protocol.
In his new role, Brooks will lead the UK voice and data network team, with responsibility for encouraging adoption of the MPLS network.
Brooks was previously senior product manager for Orange’s community services division. He has also held a number of senior posts in the internet protocol, voice and networking sectors, including vice president of product management and customer migration at rival connectivity provider BT Global Financial Services.
“The launch of our new global MPLS network this year has resulted in significant interest from the UK market and Nick’s new responsibilities will ensure that we are able to fulfil the needs of those customers and continue to manage and develop the trading network,” said Richard Petti, UK and Ireland managing director at Orange Business Services – Trading Solutions, in a statement.
Orange’s MPLS trading network connects more than 2,000 financial institutions, including buy- and sell-side firms as well as trading venues. The firm connected the network to pan-European multilateral trading facilities Chi-X Europe in March and BATS Europe in April.