Deutsche Börse Systems and COLT, a leading European provider of business communications, announced today an agreement to provide ‘Proximity Services’ to members of Deutsche Börse’s trading platforms. The new offering enables financial trading organisations to place their order management systems as close as possible to Deutsche Börse’s trading infrastructure, so that they can exchange data and process orders with minimal latency delay.
The improvements offered by Proximity Services will be particularly important for financial trading organisations using algorithmic trading, which depends heavily on execution speed and market data availability for success, with even a millisecond’s delay potentially impacting margins and profitability.
COLT, Deutsche Börse’s second partner for Proximity Services, will provide data centre hosting services enabling customers to host their servers closer to the trading infrastructure and across different data centres, building up split installations and backup locations. Customers will be able to update their systems and trading strategies remotely from their office.
Deutsche Börse Systems and COLT will offer a full range of services: from connection to Deutsche Börse Group’s execution venues and market data streams, housing, remote system management and management link to supplying hardware and maintenance. In addition, Deutsche Börse Systems now offers a “one stop shop” solution, in which the housing contract is also concluded. The sophisticated network architecture of the Group offers optimized network infrastructure with overall connection availabilities of more than 99.999 percent.
“COLT’s data centres and managed services provide the resilience and high availability that financial institutions such as Deutsche Börse require to support their services”, said Detlef Spang, Managing Director, COLT in Germany. “We are seeing growing demand for our data centre services across Europe from both buy- and sell-side institutions seeking to improve the speed of their order execution.”
“Together with COLT we are now able to offer our Proximity solution in different data centres, as a split installation or backup solution for additional redundancy”, said Michael Kuhn, CIO of Deutsche Börse Group and CEO of Deutsche Börse Systems. The Proximity solution further enhances Deutsche Börse Systems’ capability to offer market participants a scalable and customized ultra low latency access to the trading platforms of Deutsche Börse Group.
About Deutsche Börse Group (www.deutsche-boerse.com)
Deutsche Börse Group is a leading service provider to the global securities industry with products and services for issuers, investors, intermediaries and data vendors. The Group covers the entire securities process chain from trading over clearing all the way to settlement and custody. Deutsche Börse Group is also a provider of IT solutions and an insourcing partner for the global securities industry as well as a leading provider of market data and analytics. Deutsche Börse Systems is a subsidiary of Deutsche Börse AG. It maintains the world’s largest exchange network and builds, maintains and operates all of Deutsche Börse Group’s trading, clearing and settlement systems including Xetra and Eurex. With its high performance network, the Group connects some 2,000 market participants worldwide.
About Colt (www.colt.net)
COLT is a leading European provider of business communications. COLT specialises in providing data, voice and managed services to midsize and major businesses and wholesale customers. It has more than 50,000 customers across all industry sectors. COLT owns and operates a 13-country, 20,000km network that includes metropolitan area networks in 32 major European cities with direct fibre connections into 10,000 buildings and 14 COLT data centres. COLT Telecom Group S.A. is listed on the London Stock Exchange (COLT). Information about COLT and its services can be found at www.colt.net.
