Colt Adds Low-Latency TOCOM Data Feeds Enhancing its MarketPrizm Service

The new data feed coincides with the migration of TOCOM trading to J-GATE platform and aims to attract high-speed traders.

Colt Technology Services, a provider of on-demand network and communications services, announced today that it has become a market data provider for the Tokyo Commodity Exchange (TOCOM).

The latest development from Colt comes a week after the firm announced that it had launched a partnership with TraderServe, Aquis Exchange, and TRADEcho, bolstering its compliance regime and extending its PrizmNet financial extranet solution in a bid to foster connectivity to a cloud-based ecosystem of MiFID II solutions.

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The service is set to launch alongside the scheduled migration of TOCOM’s derivatives trading to the J-GATE trading system operated by Japan Exchange Group.

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J-GATE Platform

Firms with trading infrastructure will be able to access ultra-low-latency TOCOM ITCH1 market data in raw format for all TOCOM products, including its key gold, rubber and oil contracts.

Firms will also be able to take advantage of a full range of connectivity and colocation services provided by Colt.

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TOCOM ITCH is a high-speed data-feed interface provided by Nasdaq that allows customers to receive market information about derivative trading activities, including the display of data related to added, executed, modified, or cancelled orders.

Firms will also be able to take advantage of a full range of connectivity and colocation services provided by Colt, including the Colt PrizmNet financial extranet, ultra-low-latency network services, and MarketPrizm2 Premium Colocation.

The migration of TOCOM trading to the J-GATE trading system will make it easier for local and international traders to trade Japanese commodities products at lower latencies.

Richard Man, Head of Solution Sales, Capital Markets for Colt in Asia Pacific, said: “Colt’s ultra-low-latency market data solutions are ideal for market participants utilising latency-sensitive trading strategies, wherever they are based around the world.”

He continued: “Traders can also explore potential trading opportunities by taking advantage of our 50+ market data feeds from exchanges around the world, as well as direct market access services at 50+ cross asset class venues and exchange colocation capabilities at 25+ venues globally”.

MarketPrizm Enhancement

The TOCOM data feeds further enrich Colt’s MarketPrizm Market Data service, which is part of Colt’s capital markets offering and includes high-speed data feeds for equities, derivatives, commodities, and FX from more than 50 exchanges and liquidity venues worldwide.

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