GTT bolsters ultra-low service offerings in Brazil
24 August 2017 | Natalie Bannerman
GTT has confirmed its plans to expand its platform of low latency services to Brazil’s financial markets.
The full service solution aims to support business in sourcing and deploying infrastructure in the region, and serves local and global clients that trade on the B3 Bolsa Balcão Brasil SA exchange.
As part of the service offering it includes ultra-low latency connectivity, proximity hosting, time synchronization services, hardware procurement, installation and maintenance as well as local consultancy.
GTT’s time synchronisation service pairs with its ultra-low latency transport services by providing clients with a single source of time across their entire trading infrastructure to correlate data sets and time-stamp trade executions. However, the company has said that it will only offer time synchronisation in B3’s new colocation facility when its matching engine is launched in November 2017.
“Brazil is a key growth market for the financial sector,” said Rick Calder, GTT president and CEO. “GTT is committed to delivering a turnkey, latency-optimised service that enables near real-time access to critical market information for our financial clients doing business in Brazil.”
Calder recently announced plans to increase GTT’s sales force by 50% by mid-2018. The news came after the company reported positive results in its second quarter and intends to push growth and margins back up to what they were before the acquisitions of Hibernia Networks and Global Capacity early this year.
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24h | Natalie Bannerman