Colt PrizmNet, the financial extranet developed by Colt, announced today that it is continuing to grow its footprint in Asia by connecting to Equinix’s International Business Exchange (IBX) data centres in Hong Kong (HK1) and Singapore (SG1).
By expanding the availability of Colt PrizmNet in Hong Kong and Singapore we are able to provide a more flexible and cost-effective solution.
Colt is now able to interconnect with key FX centres, both globally and across Asia, including direct connectivity to Equinix’s TY3 data centre in Tokyo, the largest FX trading facility in Asia, as well as Sydney (SY2).
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The move doubles the size of Colt PrizmNet’s existing footprint in Hong Kong and Singapore, making it easier for financial companies to quickly and seamlessly connect to an exchange operator, over 50 exchanges including FX trading platforms and providers of financial content and services such as Chi-X Japan, CME, DA International, JPX, Nasdaq, SBI Japannext, SNAP Innovations and TOCOM.
Richard Man, Head of Solution Sales, Capital Markets for Colt in Asia Pacific, said: “By expanding the availability of Colt PrizmNet in Hong Kong and Singapore to customers hosted in Equinix IBX data centres in each city, we are able to provide an even more flexible and cost-effective solution. Colt PrizmNet is a managed connectivity solution available to financial companies of all sizes wanting to gain an advantage by improving their international reach and their ability to trade all of Asia’s major FX centres.”
With its deterministic low latency, Colt PrizmNet is a dedicated private network that links the capital market ecosystem, enabling reliable, consistent, and transparent content delivery to firms in the US, Europe and Asia. The extranet also provides a scalable, secure, and reliable platform to rapidly connect and support market participants in areas such as multi-market trading data, best execution and algo testing.
Today’s announcement follows the recent signing of an agreement between Colt and Equinix. Finance Magnates also reported in May that Colt had expanded its Asia coverage by adding three new data feeds to its low-latency MarketPrizm Market Data service.