MarketPrizm, a subsidiary of Colt Technology Solutions and provider of market data and trading infrastructure services, has expanded a core component of its business to Tokyo’s colocation data center, according to a MarketPrizm statement.
Over the past year, a number of financial service providers, brokers, and technology venues have opted to integrate with several colocation centers in such hubs as London, Tokyo, or New York. As a result of the move by MarketPrizm however, the group is aiming to tap into all Japan Exchange Group (JPX) trading environments for its managed services. Many firms opt to expand to advanced colocation centers for cost-effective low latency connectivity, given a critical mass of markets isolated in specific hubs.
The connectivity will also bolster and cross-integrate MarketPrizm’s PrizmNet service, a global financial extranet solution launched this year that helps enable and facilitate quick and streamlined latency connectivity to worldwide markets.
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Overall, the expansion will position MarketPrizm to synchronize its exchanges via Access Point 3 (AP3) in Tokyo, which allows connectivity to a plethora of global trading venues such as Chicago Mercantile Exchange (CME), Hong Kong Exchange and Clearing, Singapore Exchange (SGX), and Australian Securities Exchange (ASX), among others.
According to John Loveland, Director at MarketPrizm, in a recent statement on the integration: “Local and international firms that require access to the Japanese markets and beyond are looking for a cost-effective and flexible colocation solution to support their trading strategies.”
“MarketPrizm offers a complete service portfolio that includes managed hosting services, market data and ultra-low latency connectivity. This means firms can focus on their trading strategy without concern for the underlying infrastructure,” he added.