Colt Expands PrizmNet Extranet in US, Canadian Financial Venues

Colt will be expanding its PrizmNet extranet in North America.

Colt Technology Services, a provider of network and communications services for trading groups, has expanded its Colt PrizmNet extranet infrastructure in North America, which will now include a plethora of US and Canadian venues in its latest initiative, according to a Colt statement.

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Colt’s PrizmNet is one of its flagship solutions, helping provide a scalable, secure platform that rapidly links and supports market participants in such channels as surveillance and data management. Its latest expansion will see the group’s extranet extended to content providers, foreign exchange (FX) venues and technology providers.

This includes leading names in the financial services industry such as Hotspot, Nasdaq and Omega ATS. Colt’s emphasis on its growing financial extranet is designed to help enable providers to gain better access to financial content with transparency gains, real-time reporting, and reduced time-to-market for its respective clients

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Colt is also eyeing a more broad based focus in North America, which will now include a wider latitude across US and Canadian markets. These ambitions have worked in tandem with the company’s recent expansion of its teams in New York and Chicago.

New Executive Appointments

In addition to the expansion, Colt is also appointing a new North American Head of Sales for Capital Markets, tapping John Faccibene for the role. Moreover, veteran Colt employee, Julie Hutchinson is also slated to step into a new role as the group’s Head of Capital Markets Solutions for North America.

Both Mr. Faccibene and Ms. Hutchinson will focus on growing Colt’s capital markets business across North America, focusing on developing existing relationships and growing the aggregated client base.

According to John Loveland, Vice President (VP), Capital Markets, Colt, in a recent statement on the appointments and expansion, “As part of Colt’s commitment to meeting the requirements of North American capital markets firms, we’re expanding both our financial extranet and our local teams.”

“Julie and John are experienced leaders, equipped to drive the business expansion in North America and guide Colt along its mission to minimize complexity, increase transparency and reduce time to market for firms looking to expand into new markets and asset classes. We want to enable firms to focus on their core competency while we focus on ours – managing global connectivity,” he added.

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