Colt launches financial network service

Colt launches financial network service

Colt has launched a financial network service which aims to connect providers of financial content to capital market firms.

Colt PrizmNet provides a dedicated private network that is said to offer low latency and transparent content delivery.

Initial customers for the service include NLX, Nasdaq, Japan Exchange Group (JPX) and Aquis Exchange. Colt is also said to be in active discussions with over 50 providers of content for the service.

“Since creating our dedicated capital markets vertical last year, we have been talking to our customers to understand their expectations of an extranet service,” said John Loveland, VP of capital markets at Colt.

“Accessing new markets quickly, ensuring reliable, transparent and stable connections to existing markets, and the flexibility to change whenever trading strategy dictates, are all high priorities. Colt PrizmNet will help address the need to speed up access to new markets.”

The Colt PrizmNet service is said to have been designed in consultation with over 20 investment banks, asset managers and brokers, and includes features such as near real-time network performance monitoring and a self-service portal for access to content and services.

The service leverages Colt’s existing network and data centre assets and is available in Europe, with plans to roll out the service in Asian and North American cities throughout 2015.