Colt Technology Services has launched a new service bundle, OSE Next J-GATE Migration Service, which helps firms in the Japan Exchange Group Co-Location Service (JPX Co-Lo) ‘Open’ migrate to JPX Co-Lo ‘All’, according to a Colt statement.
The new service bundle offering is important to JPX market participants and venues aiming to consolidate their respective colocation services, along with low latency market data feeds, and network connectivity. The initiative also serves as a prelude to the JPY’s Next J-GATE matching engine and consolidate colocation services, which are slated for a mid-2016 release in July.
The JPX’s Co-Lo ‘All’ will encompass both the new Next J-GATE system of the Osaka Exchange Inc. (OSE) as well as the arrownet platform of the Tokyo Stock Exchange (TSE). Colt’s new bundle will help shore up any inconsistencies or lags as a result of the closure of JPX Co-Lo (OPEN) amongst firms trading OSE derivatives from JPX Co-Lo (OPEN) as they will be migrating to the JPX Co-Lo (all) facility.
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Consequently, Colt’s new service bundle will include the following attributes:
- MarketPrizm colocation in the JPX Co-Lo (all) facility
- Hardware migration and eventual purchase of new hardware
- Connectivity to Next J-GATE and brokers/vendors located inside the data centers
- MarketPrizm low latency market data feeds
According to Richard Man, Head of Solution Sales, Capital Markets for Colt in Asia Pacific (APAC) in a recent statement on the launch: “The process of moving your trading infrastructure from one data centre location to another, even if only a few hundred meters away, is a major logistical exercise for most firms.”
“With Colt’s established presence in both JPX Co-Lo facilities (OPEN and all) and its extensive services for Capital Markets, we are in a unique position to help customers with this migration. Our experience in provisioning new connectivity and managing the move of hardware, such as servers and network equipment, can help firms mitigate disruption in trading activity during the migration period,” he noted.