Commenting on the announcement, Richard Balarkas, Chief Executive Officer of Instinet Europe, said: âWe are continually seeking new ways to reduce latency in order to help our clients improve their execution performance. We are pleased to be extending our existing relationship with BT in pursuit of this goal.â
The Radianz Proximity Solution provides fully managed hosting facilities with low latency connectivity that gives high speed access to exchanges and securities trading venues. BTâs solution places customersâ servers virtually in the middle of execution venues, supporting brokersâ increasing requirement for high execution speed and direct access to trading venues.
Andy Nicholson, VP, Global Banking & Financial Markets, BT Global Services, said: âTo prevent elements of order flow being lost to the competition, brokers need to be at the forefront of network and connectivity technology. Through the Radianz Proximity Solution, BT is well positioned to address this need and further strengthen a competitive advantage necessary in todayâs climate.â
Through the Radianz Proximity Solution Instinet will have access to all of the services and benefits of the Radianz Shared Market Infrastructure, including access to more than 10,500 end points worldwide. Radianz Proximity Solution is part of BTâs low latency portfolio, which also includes Radianz Ultra Access, the high speed connectivity solution that provides low latency connectivity for local market participants to market data and trade execution venues. Radianz Ultra Access is available in New York, Chicago and as of April 2009, London.