Colt Launches PrizmNet in US, Strengthening Capital Markets Connectivity

Colt Technology Solutions’ PrizmNet extranet solution, a financial services utility that helps connect providers of financial content to capital markets firms, has launched in the United States, according to a Colt statement.

Colt PrizmNet allows Capital Markets firms to integrate with new markets and clients in a more streamlined fashion, via its sovereign private network that focuses on content delivery. The announcement comes amidst a swell of client demand for heightened transparency and more streamlined access to new and existing markets. The extranet’s move to the US will also cater to several asset classes including swaps, foreign exchange (FX), and fixed income.

The biggest draw of Colt’s launch of PrizmNet in the US will be to help grow and foster its presence in North America, whilst integrating its existing customer base into global markets and Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term centers across Europe and Asia. Colt already has a large number of content providers and exchanges that have signed up to distribute content through Colt’s extranet service. These include, among others, IEX, Moscow Exchange, Nasdaq, Aquis Exchange, TraderServe and CME Group.

According to John Loveland, VP Capital Markets at Colt, in a recent statement on the US launch: “We have worked closely with our customers to understand their expectations of an extranet service. Colt PrizmNet will help address the need to accelerate access to new markets. This service has been designed to help mitigate risk and deliver the critical information that underpins the Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of millions of trades daily.”

“We are thrilled about the US launch of the Colt PrizmNet extranet, as market participants in Europe & Asia will now have the opportunity to consume the IEX TOPS feed. Distribution of our market data to a global audience is an exciting part of our growth as we progress towards becoming a national stock exchange, pending SEC approval,” added Rob Park, Chief Technology Officer (CTO) and co-founder of IEX in an accompanying statement.

“Moscow Exchange is excited to partner with Colt PrizmNet to extend our reach into Asia and the US. We have recently launched our sponsored access platform for FX and we are seeing strong interest from firms in the US, Singapore and Hong Kong,” reiterated Tom O’Brien, Head of International Sales at the Moscow Exchange (MOEX).

Last month, Colt welcomed nscglobal and Covata to its comprehensive network of PrizmNet users. Subsequently, Safe Share enabled capital markets participants to share all manner of information over Colt PrizmNet, namely sensitive company data.