Bt’s Radianz Ultra Access Now Available in Chicago

10 November 2008

BT today announced that it has expanded Radianz Ultra Access solution into Chicago. Firms will now have nearly sub-millisecond access to number of market data and execution venues including Chicago Board Options Exchange (CBOE) and IntercontinentalExchange.

Radianz Ultra Access provides a high speed, fully resilient service that provides ultra low latency connectivity between exchanges and brokers. The TABB Group estimates that if an agency-broker's electronic trading platform is relying on a service five milliseconds behind the competition, it could cost the firm up to $4 million. The research also estimates that ten milliseconds of latency could potentially result in a 10% drop in revenues for a firm. BT’s low latency offering ensures very low variability in latency and gives customers assurance of 100% availability, which is also critical in today’s market.

Kevin Covington, Head of Product and Propositions, BT Global Financial Services, said: “Current market conditions have raised the low latency bar and connectivity speed is a critical factor that will be well evaluated by the market. BT is well positioned to address that need and through its Radianz Ultra Access service can continue to enhance the electronic trading environment and provide users with a much needed competitive advantage.”

Having launched Radianz Ultra Access in New York and Chicago, BT is looking to expand the offering even further to incorporate additional cities later this year.

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