Debt Ridden Spain Welcomes High Frequency Traders

Trading Solutions, has announced its financial extranet TCSnet is now connected to Bolsas y Mercados Españoles (BME), the operator of

Trading Solutions, has announced its financial extranet TCSnet is now connected to Bolsas y Mercados Españoles (BME), the operator of all stock markets and financial systems in Spain. Chosen to provide colocation services for BME members, the Madrid based exchange is looking to capture a greater trade flow from high frequency traders with a rapid time to market through TCSnet. 

“Since connecting to TCSnet, latency on BME’s new platform SMART has reduced considerably. It also facilitates trading of all BME products based on an infrastructure that ensures the highest operational standards, including guaranteed security and reliability levels,” said Vicente Linares, vice president Spain, Portugal & Latin America at Orange Business Services – Trading Solutions.

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TCSnet’s co-location service will be available to the Spanish market from BME’s data processing centre in Madrid. Real-time BME market data will also be accessible via this new facility.

For many years Trading Solutions has been connecting international participants to Mercado Español de Futuros Financieros (MEFF), a subsidiary of BME that offers trading and central counterparty services for futures and options as well as central counterparty services for repos on the Spanish debt market. This latest deployment sees Trading Solutions providing a managed service solution to BME that includes proactive monitoring. The switched solution offers 10 to 50 microseconds of latency compared to 100 to 500 microseconds from routed network providers.

“Being an instrumental part of making the Spanish stock exchange one of the most accessible in the industry is very exciting for Trading Solutions. Our ability to fulfil the high expectations of MEFF’s customers ensured that we were able to play an important role in the delivery of their new project,” said Sébastien Jaouen, head of global sales at Orange Business Services – Trading Solutions.

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