Colt, Europe’s leading information delivery platform, has announced that it will be the first managed services provider to directly connect the New York Stock Exchange data centre in Basildon to the financial markets in Frankfurt. Colt’s ultra low latency route from Basildon to Frankfurt will reduce the time it takes to transfer data between the key trading markets by up to 10%, This development will be welcomed by trading firms across Europe, providing them with another technological step up in the continuous search for the fastest access to liquidity.

The announcement follows the NYSE’s decision to open up the Basildon data centre to service providers for the first time. The direct connection will remove the latency created by using different services, allowing financial services firms with trade matching engines in the NYSE Basildon data centre to trade faster to all Frankfurt markets. This includes the Deutsche Börse derivatives market, which has recorded over 18 million completed trades so far in 2012, up 24% on last year.

Source: Colt