BT has added to its BT Radianz Cloud portfolio and enhanced its BT Radianz Proximity services in order to extend the footprint of its hosting capabilities at non-BT datacentres and provide low optimal latency between trading venues.
Known collectively as BT Radianz Venue, the suite of new and enhanced services will help customers address the challenges of liquidity, fragmentation and new trading opportunities while enhancing trade execution performance.BT Radianz Venue consists of three services: BT Radianz Venue Interconnect, BT Radianz Venue Access and BT Radianz Venue Presence.
BT Radianz Venue Interconnect is a new service that offers lowest optimal latency between trading venues within the same city, and between different cities worldwide. It is used by customers currently located at, or in close proximity to these venues, to connect to counterparties and with other parts of a customers own trading infrastructure.
BT Radianz Venue Access now allows connectivity to the BT Radianz Cloud from 40 non-BT hosting centres worldwide that have been identified as venues where significant clusters of capital markets community customers are present, including the data centres of Exchanges. This represents a ten-fold increase in the number of non-BT hosting locations where BT has pre-provisioned infrastructure to readily offer BT Radianz services.
BT Radianz Venue Presence is an extension of the BT Radianz Proximity hosting proposition, previously only offered at its own venues. This allows BT to manage a clients server and connectivity infrastructure that is hosted in venues served by BT Radianz Venue Access and Interconnect.
The new group of capabilities is intended to provide users with fast, secure access to and between trading venues internationally that are linked to the BT Radianz Cloud, which supports the worlds largest, secure networked financial community.
Alex Tabb, partner at TABB Group, the capital markets strategic advisory and research firm in New York and London, said: In todays automated market environment, global connectivity is of paramount importance. Unfortunately, with automation comes complexity and cost. This is why market participants across the worlds financial markets are looking for new services that can connect globally fragmented markets to deliver lower-latency connectivity with greater operational flexibility, less complexity, and at a lower cost. Delivering on these values will create significant upside opportunities for those firms that invest.
(JDC)