London (9 May, 2006) – BT Radianz today announced it will offer its Radianz Proximity Solution to Deutsche Bank’s clients for low latency access to market data and trade execution in Europe. Deutsche Bank is the first investment bank in Europe to provide clients with the ability to host their hardware in BT Radianz data centers for immediate access to leading execution venues globally.
Kevin Nealis, Head of European Direct Market Access at Deutsche Bank, said:
“Customers today are becoming ever more sophisticated with their algorithmic trading strategies, requiring more direct access to the market. Traders are demanding more control over trade execution and reduced broker intervention. By working with BT Radianz, Deutsche Bank is providing a service to meet the demands of a market where milliseconds matter.”
David Stopforth , Sales Director for Europe, BT Radianz, added:
“This deal with Deutsche Bank exemplifies the type of service that clients today require in order to compete globally. Investors are demanding close proximity to execution venues to achieve low latency direct market access in equities markets where they are not based. As a result, robust electronic connectivity has become a must-have. Deutsche Bank is an innovator in having recognized this need amongst its customer base and in offering a solution that gives them a necessary competitive edge.”