Reliance Globalcom, a managed network and application delivery services provider, has connected its ethernet-based financial extranet FinancialConnect! to multilateral trading facilities (MTFs) Chi-X Europe, Nasdaq OMX Europe and BATS Europe.
FinancialConnect! provides high-speed, low-latency connectivity to real-time quote and trade information for the pan-European equities market.
“As the number of MTFs increases, so does our FinancialConnect! provider list, with three to four new MTFs joining in the next few weeks,” said Punit Garg, president and CEO of Reliance Globalcom. “Reliance Globalcom has delivered a financial extranet that provides connectivity to serve MTFs, algorithmic traders and main markets – all of whom are acutely aware of the value of a millisecond when executing trades.”
“We are ensuring that traders on the European markets have the best experience when it comes to reliable, low-latency access to the growing number of platforms and venues available,” said Todd Golub, chief operating officer, Nasdaq OMX Europe. “We also look for solutions and expertise from providers like Reliance Globalcom who have the ability to quickly respond to ever-changing market needs.”