BT Radianz Expands New York Area Data Center to Meet Industry Demand for Low Latency Trading

11 December 2006

BT Radianz, a leading global provider of financial services connectivity, announced today plans to expand its New York Area data center. The multi-million dollar enhancement will increase capacity by 150 percent for Radianz Proximity Solution, which facilitates advanced trading strategies including direct market access and algorithmic trading. The investment will serve to reinforce the data center’s position as a major world class facility and allow even more financial institutions to locate their trading engines near execution venues in New York.

Recently the market for hosted capabilities has grown dramatically and this move by BT Radianz reflects increasing international demand for direct market access and advanced trading strategies. The difference between the success or failure of a trade is now counted in milliseconds, with Radianz Proximity Solution proving critical in the success of how quickly trades can be executed.

Kevin Covington, Executive Vice President of Business and Product Development, BT Radianz, said: “Low latency connectivity is becoming a must-have as market players develop more sophisticated trading strategies and demand direct access to liquidity pools. By placing servers near execution venues, firms can reduce distance-related delays, which will, in-turn, save significant amounts of money on missed markets. By investing in our facility in the New York area, we’re both responding to market need and ensuring that BT Radianz continues to provide end-to-end infrastructure solutions that combine flexible, low latency capabilities with high performance connectivity.

Launched in 2005, Radianz Proximity Solution is now available globally.

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