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Deutsche Börse Systems and IXEurope announced an agreement to offer proximity services to customers for lowest possible latency access to Deutsche Börse Groups execution venues and market data streams. This cooperation enables customers to place their trading equipment as close as possible to the different matching engines and data dissemination services of the market, reducing the latency delay inherent in the speed of light. Algorithmic trading, or the use of electronic algorithms to trade on an electronic exchange, is highly dependent on execution speed and market data availability down to the millisecond. Proximity of their algorithmic trading engine to the technical infrastructure for operating the market offers customers immediate ultra low latency access, while having remote access from their trading location to parameterise their machines.
Deutsche Börse Systems and IXEurope will offer the whole required band of proximity services: from connection to Deutsche Börse Group execution venues and market data streams, Housing, Remote System Management and Remote Access Solutions to hardware supply and maintenance. Deutsche Börse's sophisticated network architecture offers optimised network infrastructure with overall connection availabilities of above 99.999 percent.
"Over the past year, we have seen a growing trend to increase speed and reduce cost of the increasing volume of electronic transactions within the financial services sector," said Guy Willner, CEO of IXEurope. "We are excited to be working with Deutsche Börse on their proximity service in Frankfurt as our companies' goals are truly aligned."
"By offering Proximity Services, we are responding to the growing market demand for low latency access to our execution venues and our market data streams," said Michael Kuhn, CIO of Deutsche Börse and CEO of Deutsche Börse Systems. "This is a further example of the innovative customer solutions that Deutsche Börse Systems offers market participants," Kuhn concluded.
