In a press release yesterday, Colt stated that its financial extranet, Colt PrizmNet, has expanded its database, which currently lists 75 service providers. The pool now includes three major American brokerage companies that are involved in online equity trading. The firms in question have yet to be named. Other service companies which have joined during the past year are Cappitech, Applied Blockchain, Succession Systems, and AK Investment.
Colt claims that the additional brokers joining this pool of providers means increased ease in fixing issues through execution gateways in management, order routing, and other interactions. Moreover, it will make it easier for brokers to access liquidity lending centres, as well as to collaborate and connect with other online trading firms.
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New Solutions for the Online Trading Community
Colt offers B2B network and communication services to online trading companies in Europe, Asia, and North America, and has headquarters in London. Recently, Finance Magnates covered the firm’s new point of presence (PoP) in Interxion’s Marseille MRS1 data center, which has the purpose of increasing its global connectivity and reaching Africa. MRS1 is a significant hub for venues such as financial services, carriers, and other groups in the financial industry.
In April, the company also launched a new solution which is operated by NovaSparks and will be integrated into Colt’s MarketPrizm API. With this program, capital markets firms and other participants will benefit from TSE’s Flex Full market data feed, getting real-time results without the obligations of additional investments or otherwise restrictive guidelines.