Increasingly, exchanges are trying to get closer to their customers, in a bid to better understand how they use market data. This move may come at the expense of data vendors that are being gradually squeezed out of the exchange-client relationship.
A summary of some of the past week’s financial technology news.
It will provide rack space, hardware hosting, connectivity, and market data for investors accessing TWSE, TAIFEX, and TPEx.
Beyond new latency reductions between Tokyo and Hong Kong, Colt will continue to optimize its routes and expand its network coverage.
The networks that carry market data and trade orders are on the verge of a paradigm shift that will place more control over provisioning and configuring network services into the hands of financial clients.
The NPL timing data will help firms address regulatory time-synchronization requirements and competitive needs to avoid timing signal interference.
This service is powered by the Colt IQ Network, which connects more than 25,000 buildings globally.
State Street has hired former Colt executive Ralph Achkar as managing director, digital solutions business partner.
Officials say the location and design of the datacenter, located on a former NATO campus, enables clients to make significant savings on hosting costs, compared to traditional facilities in financial market centers.
Hutchinson has previously worked at a variety of network, co-location and infrastructure providers, including Colt, Telx, Equinix, Level 3 and Savvis.
Cubbon brings a career of networking technology experience, including at other financial extranet providers.
Officials say that connectivity to Equiduct─alongside the other venues to which Colt already provides connectivity─will support firms' best execution requirements while expanding Colt's regulatory services.
NovaSparks has deployed its FPGA technology in the Tokyo Stock Exchange's co-lo facility, "wrapped in" Colt's MarketPrizm API for ease of access.
Colt is on an aggressive expansion plan to provide its Colt IQ Network service to more enterprise customers in Asia, but in some countries, this requires some groundwork first. Wei-Shen Wong outlines the vendor’s plans in the region.
This expansion is in line with the network provider’s overall investment project in Asia.
Housden will be responsible for growing Colt's capital markets vertical with major financial clients in Europe, Asia and North America.
The expansion is part of Colt's plan to invest significantly in Asia over the next three years.
Alsmost all data storage will be cloudbased by 2020, the report predicts.
Regulation, KYC Utilities, Data Storage and Analytics Needs Will Create Cloud Data Surge By 2020, Says Colt/Celent Report
The report cites KYC utilities and managed services for regulatory compliance as driving future cloud adoption.
New accout manager Steve Santivenere has spent 20 years in trading and trading technology sales roles.
Chuck brings Datactics 25 years of experience in data and trading-related softwrae sales.
The move accompanies the vendor's addition of connectivity to new end-points in the region on its PrizmNet network.
The network provider is expanding its connectivity to equities and FX markets in the US and Canada
Time isn't on anyone's side, so John thinks it's time for action on MiFID II and the future of Plato Partnership.