Chi-X Global Technology, the technology services unit of Chi-X Global, has announced that its MarketPrizm business will launch a new low-latency network to provide trading firms with a ‘one-stop’ platform for electronic trading in the European markets. It has added that the new enabling architecture is being marketed under the brand name, MarketPrizm.
Reportedly, MarketPrizm is powered by an optimized dark fiber network linking 19 markets, which the company has branded PrizmNet, MarketPrizm provides neutral access to the region’s market centers. The company has added that it also offers a redundant co-location and proximity hosting infrastructure, application services, and low-latency market data delivered via a 10Gbps logical mesh network structure.
The company has claimed that the service’s connectivity options and component applications are delivered via an open, neutral framework that empowers clients to select the solution that meets their business and technology requirements. It has further added that this open delivery framework also enables the company to provide components that fit into client’s existing technology stack.
According to the company, through its preferred suppliers, MarketPrizm provides several application services options, including pre- and post-trade risk management, order gateways, multi-venue market data acquisition, latency measurement and smart order routing. The connectivity infrastructure that powers MarketPrizm is being provided by euNetworks Group, a provider networking solutions.
Nicolas Levy, managing director of MarketPrizm, said: “We are offering unparalleled flexibility and a fully-managed connectivity and application services suite that removes the technology and cost barriers to algo and high frequency trading in the UK and Europe.”
