The London Stock Exchange (LSE) has opened up its exchange hosting facility to vendors and service providers to offer its members a wider range of low-latency services. Exchange hosting was launched in September 2009 and allows high-frequency and algorithmic trading firms to benefit from microsecond access to any of the London Stock Exchange Group’s markets, by placing their servers as close as possible to its matching engines.
Following consultations with its customers, the exchange has decided to allow non-trading market participants to offer services such as low-latency market data dissemination and risk management tools. According to Nigel Harold, product manager, exchange hosting at the LSE, the addition of vendors to the hosting facility will provide benefits for existing hosted and non-hosted exchange members.
Source: AT Monitor