MarketPrizm, a Colt Group subsidiary and provider of market data and trading infrastructural services, has expanded its managed services suite into the Premium Rack Colocation area of the AT TOKYO Corporation data center, according to a MarketPrizm statement.
The AT TOKYO Corporation data center is the same facility where Access Point 3 (AP3) of the Japan Exchange Group (JPX) is also located. Last month, MarketPrizm expanded a core component of its business to Tokyo’s colocation AP3 data center, with its second expansion in as many months representing a push to cater to a more regional clientele. Per the expansion, MarketPrizm will now be able to offer colocation services at the JPX as well as SBI Japannext, Colt’s Data Centers in Japan and Equinix TY3.
The expansion is important as it gives the group a low-latency channel to the JPX’s trading realm, which will be made available for clients under MarketPrizm’s Managed Services. In addition, the new extension will cross-connect with PrizmNet, MarketPrizm’s recently launched extranet connectivity service.
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MarketPrizm’s new gains will also leverage its PrizmNet service, with the aims of bolstering connectivity with the Chicago Mercantile Exchange (CME), Hong Kong Exchange and Clearing (HKEx), Singapore Exchange (SGX), and Australian Securities Exchange (ASX), as well as to other major exchanges and data centers worldwide.
According to John Loveland, Director at MarketPrizm, in a recent statement on the expansion, “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.