Last week, Thomson Financial, an operating unit of The Thomson Corporation and a provider of information, news and technology solutions to the financial community, announced an agreement with BT to provide Radianz Ultra Access, a new high-speed transaction service, as part of the low latency Thomson Data Feed (TDF).
Developed in response to the growing use of algorithmic and black box trading strategies, Radianz Ultra Access facilitates transaction speeds of less than one millisecond per round trip between local market participants and market data/execution venues, and reduces TDF latency by fifty percent, the firms say.
"As a high-speed network and communications provider, BT Radianz gives Thomson Financial a product which addresses all spectrums of clients' market data application needs, from latency sensitivity through the broad proprietary content which Thomson provides," says Ross Inglis, director, real-time buy-side products, Thomson Financial.
"Thomson clients will gain an enviable competitive position by having the fastest and most reliable TDF connectivity possible.
Radianz Ultra Access provides unrivalled speed and reliability so that Thomson Financial clients are able to connect and execute trades in milliseconds," remarks Chris Church, managing director Radianz Services, BT Global Financial Services.