BT, provider of communications applications and services operating, implements its Radianz Ultra Access system in Chicago. New service will provide firms with nearly sub-millisecond access to number of market data and execution venues including Chicago Board Options Exchange (CBOE) and IntercontinentalExchange.
According to the recent research conducted by The TABB Group, agency-broker’s electronic trading platform can lose up to $4 million if platform is relying on a service five milliseconds behind the competition. The research also estimates that ten milliseconds of latency could potentially result in a 10% drop in revenues for a firm.
Radianz Ultra Access impedes such losses due to its low latency and high speed. Fully resilient service gives customers assurance of 100% availability.
Current market conditions have raised the low latency bar and connectivity speed is a critical factor that will be well evaluated by the market, says Kevin Covington, head of Product and Propositions, BT Global Financial Services. 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.
L.D.