Patsystems Signs Agreement for Global Interconnectivity via BT Radianz Cloud

London - 1 November 2011

Patsystems, the trading and risk management solutions provider to the derivatives industry, has signed an agreement with BT to interconnect Patsystems XConnect hubs via the BT Radianz Cloud. Through this agreement, BT will provide Patsystems with low-latency networking infrastructure and bandwidth to facilitate seamless communication between Patsystems XConnect hubs.

By leveraging the BT Radianz Cloud, Patsystems can further optimise its global Application Service Provider (ASP) offering, Patsystems XConnect, through the use of the BT Radianz Cloud’s secure, reliable connectivity. This ultimately allows Patsystems to offer its customers a higher level of service with a 100% connectivity service level agreement.

Additionally, BT’s extensive global community of over 15,000 locations around the world compliments Patsystems’ current distribution network of trading and exchange technologies, with the ability to support Patsystems’ future expansion into new markets.

Patsystems XConnect is a high performance, fully-managed ASP solution. It is highly scalable, supporting any number of customers, with full resiliency and redundancy. It offers the full benefits of the Patsystems trading solution without the need for clients to manage or invest in hardware and related support resources. Patsystems XConnect is made up of a network of hubs located in Chicago, London, Hong Kong, Singapore, Sydney and Tokyo.

David Webber, Patsystems CEO said:
“Adopting a single cloud infrastructure provider is the next step in the evolution of Patsystems XConnect, as it enables us to provide a higher level of service to a growing number of customers.”

Andy Nicholson, president, global banking & financial markets BT, said:
“We are delighted to have signed an agreement with Patsystems to supply their global venue connectivity. Providing Patsystems with a solution for client distribution of their ASP services as well as interconnecting their data centres reflects the evolving capabilities of the BT Radianz Cloud. These advances will continue to make it simpler and more cost effective for our clients to use BT Radianz services rather than building their own capabilities.”

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