“BOAT,” a consortium of nine investment banks launched to address regulatory changes in the financial markets with respect to pre- and post-trade market data provision, has selected BT Radianz and COLT as client connectivity and infrastructure hosting partners.
BT Radianz is a provider of secure and scalable connectivity and hosting to the global financial services community. COLT is a European provider of communications services to businesses using its wholly owned network and 14 data centers.
“BOAT is a very important new service provider in the market, and its selection of BT Radianz highlights the benefits that our shared market infrastructure brings to address the largest financial services community with the shortest time to market,” said Kevin Covington, EVP for product & business development at BT Radianz. “BOAT’s choice to host its service in our London data center will provide the platform with the lowest-latency approach to delivering and receiving the highest quality equities data in the European market.”
Terry Quigley, head of the financial services sector at COLT, said: “The contract with BOAT is testimony to our long track record as a communications partner to the securities and wider financial market. It reflects not just COLT’s heritage, but our key strength in guaranteeing SLAs and very low latency through the ownership and management of the underlying infrastructure.”