Colt PrizmNet financial extranet now connects three out of the five leading brokers* in US electronic equity trading. Colt is challenging the status quo with Colt PrizmNet, a financial extranet offering deterministic low latencies for delivering data, software, content and financial services worldwide. It provides connectivity to all major venues, ensuring best execution and visibility into global markets, and increasing algorithmic trading efficiency.
Over the past year, Colt has expanded the pool of providers available on Colt PrizmNet from 50 to 75, including Ak Investment, Applied Blockchain, Cappitech, and Succession Systems. The Colt PrizmNet reach continues to expand to make it the logical financial extranet choice; with more than 100 providers being on boarded this year.
The addition of key brokers to Colt PrizmNet provides connectivity to FIX/FAST execution gateways for order routing, management and execution. This simplifies access for trading firms to reach key liquidity centres and trading counterparties. The financial extranet will also enable clients to reach content hosted or being migrated to the public cloud. Moreover, Colt PrizmNet provides access to a growing ecosystem of MiFID II compliance providers, including TRADEcho/Boat and Aquis Exchange. This combination of services means that Colt PrizmNet offers unparalleled connectivity to the world’s capital markets that is scalable and future-proof.
Andrew Housden, VP of Capital Markets at Colt, said,
Colt continues to put its customers at the heart of its business. We believe that the overall customer experience has been severely lacking in the market and our clients have shown that they will not be satisfied with a sub-par extranet service. Many of our clients look to Colt to help them address their trading and compliance challenges as they expand internationally, providing them with local support and global reach. That’s why we have recently expanded our US presence as well as our local teams in Europe and Asia.
Colt PrizmNet offers simplified access to multiple venues and providers and full control of services using an advanced online portal. The financial extranet connects a global capital markets ecosystem of 75+ exchanges, venues and service providers; and 10,000+ participants. It provides firms with efficient access to solutions to their trading and compliance challenges, including:
Successions Systems – supporting market access compliance
We like that Colt goes the extra mile to create an informed community around its financial extranet, through a keen understanding of vendors and their services and market participants’ priorities. We expect our partnership will help Colt PrizmNet to make further inroads into the North American market, as well as simplify connectivity to our solutions for firms in Europe. We also anticipate that Colt PrizmNet’s strong presence in Asia will help us attract new customers in that region,
Anthony Masso, President and CEO, Succession Systems.
Cappitech – simplifying MiFID II and EMIR reporting
At Cappitech we are seeing growing interest from financial firms looking towards cloud solutions to increase operational efficiency. However, client and trade data security is still a major concern when deploying products in the cloud. We are excited to be integrating Capptivate within Colt PrizmNet and implementing with them a unique and secure instance of our solution within AWS to meet the demands of the financial industry,
said Ron Finberg, Business Development Manager, Cappitech.
Applied Blockchain – a blockchain solutions development and consulting firm
At Applied Blockchain we are building an ecosystem of blockchain applications for a range of enterprise clients. At its heart, blockchain is a network of trust that brings together disparate and often competitive companies onto a single shared network. Integrating the Applied Blockchain Mantle with Colt PrizmNet brings together the key benefits of blockchain technology with a world-class connectivity infrastructure to enable the secure, scalable and interoperable development of enterprise grade blockchain solutions that are ready for use within regulated markets,
said Peter Bidewell, Chief Marketing Officer, Applied Blockchain.
Ak Investment (AK Yatirim) – Fast access to Borsa Istanbul with one of Turkey’s largest brokerage houses
Our partnership with Colt PrizmNet gives connected clients the fastest access to Turkey’s equities market from London. It’s an example of the value Colt PrizmNet brings to the capital markets ecosystem by expanding trading opportunities and connectivity solutions. The PrizmNet team clearly understood our needs and priorities, and worked efficiently to ensure rapid implementation of our PoP at LD4,
Nazli Çalik, Trading Assistant Manager, Ak Investment.
For more information, please visit https://www.colt.net/product/financial-extranet/ or contact capitalmarkets@colt.net.
Notes to the editor
*Greenwich Associates: Trading Slowdown Fuels Slowdown Among U.S. Equity Brokers
About Colt
Colt provides high bandwidth services for enterprises and wholesale customers in Europe, Asia and North America’s largest business hubs. Colt enables the digital transformation of businesses through its intelligent, purpose-built, cloud-integrated network, known as the Colt IQ Network. It connects over 700 data centres around the globe, with over 24,500 on-net buildings and growing. Colt is also recognised as an innovator and pioneer in software defined networks (SDN) and network function virtualisation (NFV).
Colt has built its reputation on putting its customers first, with a focus on delivering true local presence and agility for enterprises that are global yet need local attention. Customers include data intensive organisations spanning over 200 connected cities in nearly 30 countries. Colt counts 19 of the top 25 global telecoms companies and 18 out of the top 25 global media companies (Forbes 2000 list, 2016) amongst its customers. In addition, Colt works with over 50 exchange venues and 13 European central banks. Owned by Fidelity Investments, Colt is one of the most financially sound companies in its industry, providing the best customer experience at a competitive price. For more information, please visit www.colt.net.
