Colt Takes London-Tokyo Network Latency Down to 159 Milliseconds
- The decrease in milliseconds will result in even lower latency and faster execution.
Data centre operator Colt Technology Services has upgraded its existing Tokyo to London circuits to provide new and ultra-low latency speeds to the major financial centres in Asia and Europe, according to a company statement.
The new upgrade has lowered the latency between London and Tokyo to less than 159 milliseconds, making it an especially important circuit to banks and financial institutions transacting with European markets.
The decrease in milliseconds will result in even lower latency and faster Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term, empowering Colt’s customers to maximize the number of trades processed on the ultra low latency network. This is particularly important to banks, high frequency trading (HFT) firms, FX related applications, and other financial organizations, that now have a super-fast single point of access to international trading opportunities.
The new advancement further validates Colt’s offering of delivering specialist intra-region connectivity to the international financial community. The company boasts outstanding network latency rates in and out of North American and European markets as well as an extensive knowledge of connectivity in Asia and the Middle East.
Commenting on this, Andrew Housden, VP of Capital Markets at Colt, said: “We are committed to providing global financial firms with a very fast and reliable network infrastructure together with superior customer experience. This is why we are investing heavily in low latency connectivity between the key financial centres and exchanges in Asia, Europe and North America. This year, we have announced improved latency on our Chicago to Tokyo network route and key APAC routes. We are now focusing on the Tokyo to London route. Firms are increasingly using their network to gain a competitive advantage and the Colt IQ Network provides a consistently high experience across all regions.”
Data centre operator Colt Technology Services has upgraded its existing Tokyo to London circuits to provide new and ultra-low latency speeds to the major financial centres in Asia and Europe, according to a company statement.
The new upgrade has lowered the latency between London and Tokyo to less than 159 milliseconds, making it an especially important circuit to banks and financial institutions transacting with European markets.
The decrease in milliseconds will result in even lower latency and faster Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a common marketing point of emphasis by brokers, whose action execution varies considerably from company to company. When execution prices are not matching the submitted price the client is charged or credited the difference resulting from the negative or positive slippage.Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. Best Execution a Legal ObligationBrokers are required by law to diver to their clients the best execution possible. Some regulators are requiring brokers to submit execution stats in order to assess the quality of their services. Other brokers are regularly posting execution statistics in order to boost the confidence of their clients in the best execution commitment of the company.Best execution has been a point of emphasis in recent years from both retail and institutional players in the FX industry. Negotiating and executing transactions in order to promote a robust, fair, open, liquid and appropriately transparent FX market is identified as one of the six main principles outlined in the FX Global Code of Conduct, which came into effect in 2018. Read this Term, empowering Colt’s customers to maximize the number of trades processed on the ultra low latency network. This is particularly important to banks, high frequency trading (HFT) firms, FX related applications, and other financial organizations, that now have a super-fast single point of access to international trading opportunities.
The new advancement further validates Colt’s offering of delivering specialist intra-region connectivity to the international financial community. The company boasts outstanding network latency rates in and out of North American and European markets as well as an extensive knowledge of connectivity in Asia and the Middle East.
Commenting on this, Andrew Housden, VP of Capital Markets at Colt, said: “We are committed to providing global financial firms with a very fast and reliable network infrastructure together with superior customer experience. This is why we are investing heavily in low latency connectivity between the key financial centres and exchanges in Asia, Europe and North America. This year, we have announced improved latency on our Chicago to Tokyo network route and key APAC routes. We are now focusing on the Tokyo to London route. Firms are increasingly using their network to gain a competitive advantage and the Colt IQ Network provides a consistently high experience across all regions.”