BT to Expand Ultra-Low Latency Connectivity
Offering its clients with sub-millisecond access to market data and execution services, BT announced its plans for the expansion of ultra-low latency connectivity into continental Europe.
BT Radianz Ultra is targeted specifically at helping firms benefit from the latest low-latency technology without them having to manage the complexity. Various investment firms have changed their electronic trading architectures in the past five years. With remote access to many European exchanges to a more complex decentralized model, there has been a move away from a centralized model, stated BT.
BT provides communications solutions and services including the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move.
“As new execution venues come on-line and existing ones consolidate, low-latency access to markets is a critical component of successful trading strategies” said Marc Carletti, head of global banking for BT Global Banking and Financial Markets, in a press release. “As the exchange landscape changes across Europe, we've had numerous customers in Paris requesting low-latency connectivity to the London markets. In direct response to these requests, we're making BT Radianz Ultra available to them.”
Requiring the synchronization of their trading strategies with a central location, companies have located their trading engines near or within exchanges. BT cited Tabb Group estimate that tells if an agency broker's electronic trading platform is relying on a service five milliseconds behind the competition. With ten milliseconds of latency potentially resulting in a 10 percent drop in revenues, it could cost the firm up to $4 million, the report stated.
Recently, the company announced the obtaining of Cisco Master Unified Communications Specialization in the United States. This specialization recognizes BT as having fulfilled the training requirements and program prerequisites to sell, deploy and support highly sophisticated applications-based Cisco unified communications solutions. To achieve the Master Unified Communications Specialization, BT had to undergo a rigorous process that began with the attainment of the Advanced Unified Communications Specialization.
Raju Shanbhag is a contributing editor for unified communications. To read more of Raju’s articles, please visit his columnist page.
Edited by Jaclyn Allard