The Tokyo Stock Exchange (TSE) has added another provider to its co-location facility with the introduction of connectivity and direct market access services from MarketPrizm.
The data and trading infrastructure services firm has setup a mutualised co-location environment to offer TSE clients data, order routing, managed hosting and low latency networking.
MarketPrizm said the TSE Co-location Service includes connectivity for equities, exchange-traded funds, real estate investment trusts and derivatives. Users can get access to both raw and normalised data and broker connectivity for execution. They can take advantage of Arrownet, the integrated ring network with two access points connected to the data centre.
“MarketPrizm is recognised as one of the leading low latency trading platform and solution providers,” said Hideki Ochi, head of customer support of information services at TSE. “With their service launch in the TSE colocation facility, user’s accessibility to TSE will increase which we expect will result in the growth of our market.”
“MarketPrizm is the first market data vendor to offer a stand-alone managed colocation set-up with the TSE,” said Tanuja Randery, CEO of MarketPrizm. “That means we can provide financial firms a fully managed market access solution with the best latency in the market for accessing the TSE. We can connect the buy-side with brokers for execution inside colocation and we can provide the brokers with a faster on-boarding program for their customers. Our mutualised solution lowers the cost of entry into Japan and enables overseas customers to trade without a local office in Japan.”