Chi-Tech Selects euNetworks to Provide Low Latency Connectivity Infrastructure to Power MarketPrizm
euNetworks today announced it will provide the low latency connectivity infrastructure to power a new high-speed network and services platform for Chi-Tech’s MarketPrizm business.
London, United Kingdom, August 16, 2009 --(PR.com)-- euNetworks (SGX: H23.SI), provider of Pan-European, mission-critical, high-performance networking solutions, today announced it will provide the low latency connectivity infrastructure to power a new high-speed network and services platform for Chi-Tech’s MarketPrizm business.
MarketPrizm is a European trading ecosystem designed to address the challenges companies in the financial markets face in deploying and maintaining a flexible, state-of-the-art architecture for all kinds of electronic trading.
euNetworks has designed, and will implement and manage a bespoke, ultra-low latency network, connectivity solution, using dedicated fibres to deliver up to 100 Gbps of connectivity to core sites. The service is being deployed to link 19 markets throughout France, Germany, the UK, and the Netherlands, and will be deployed in North America and Southern Europe using several network partners.
Chi-Tech’s MarketPrizm provides trading firms with a “one-stop” ultra-low latency platform for electronic trading in the European markets, including neutral multi-venue access and best-of-breed services. The ultra-low latency performance is facilitated by using euNetworks’ optimised fibre routes and latest generation, ultra-high performance dense wavelength-division multiplexing (DWDM) and Ethernet services.
The service connectivity options and component applications are delivered via an open, neutral framework that allows clients to select the precise solution that meets their business and technology requirements.
Nicolas Levy, MarketPrizm’s Managing Director, said: “We are offering unparalleled flexibility and a fully-managed connectivity and application services suite that removes the technology and cost barriers to algorithmic and high frequency trading in the UK and Europe. “MarketPrizm offers a truly one-stop solution and represents a dramatic expansion of the service options now available to trading firms.”
Brady Rafuse, Chief Executive Officer of euNetworks, said: “We have been working closely with the MarketPrizm team to design a bespoke, ultra-low latency network connectivity solution to power the MarketPrizm ecosystem. We look forward to continuing to work together and using our state-of-the-art networking capability to revolutionize trading in Europe.”
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MarketPrizm is a European trading ecosystem designed to address the challenges companies in the financial markets face in deploying and maintaining a flexible, state-of-the-art architecture for all kinds of electronic trading.
euNetworks has designed, and will implement and manage a bespoke, ultra-low latency network, connectivity solution, using dedicated fibres to deliver up to 100 Gbps of connectivity to core sites. The service is being deployed to link 19 markets throughout France, Germany, the UK, and the Netherlands, and will be deployed in North America and Southern Europe using several network partners.
Chi-Tech’s MarketPrizm provides trading firms with a “one-stop” ultra-low latency platform for electronic trading in the European markets, including neutral multi-venue access and best-of-breed services. The ultra-low latency performance is facilitated by using euNetworks’ optimised fibre routes and latest generation, ultra-high performance dense wavelength-division multiplexing (DWDM) and Ethernet services.
The service connectivity options and component applications are delivered via an open, neutral framework that allows clients to select the precise solution that meets their business and technology requirements.
Nicolas Levy, MarketPrizm’s Managing Director, said: “We are offering unparalleled flexibility and a fully-managed connectivity and application services suite that removes the technology and cost barriers to algorithmic and high frequency trading in the UK and Europe. “MarketPrizm offers a truly one-stop solution and represents a dramatic expansion of the service options now available to trading firms.”
Brady Rafuse, Chief Executive Officer of euNetworks, said: “We have been working closely with the MarketPrizm team to design a bespoke, ultra-low latency network connectivity solution to power the MarketPrizm ecosystem. We look forward to continuing to work together and using our state-of-the-art networking capability to revolutionize trading in Europe.”
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Contact
euNetworks
Cristene van Jaarsveld
02031788681
www.eunetworks.com
Cristene van Jaarsveld
02031788681
www.eunetworks.com
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