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December 19, 2007

Euronext boosts trading speeds with new service

Successful tests pave way for launch of 100Mbps offer

By Computerworld UK reporter


NYSE Euronext-owned European trading exchange Euronext will launch a 100Mbps broadband access service in January, after successfully completing tests.

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The exchange has already received orders from more than 20 customers for the new service, which should cut target customer response times for new access to around 10 milliseconds, with an internal order processing times of less than 2 milliseconds.

The 100 Mbps capacity service will offer “unrestricted processing” of orders and market data, despite growing volumes, said Euronext. And it should enable customers to processing the growing quantities of data generated by algorithmic trading faster and more efficiently.

Several independent software vendors have signed up to the service, which will enable them to offer the service to their customers without those end-users having to investing in their own 100Mbps tail circuits.

By the end of March next year Euronext will have started offering traders the ability to locate their trading engines beside its NSC equities matching engine in its datacentres. The service will offer the fastest possible access to the market, with a target round trip of less than 5 milliseconds, Euronext said.

Euronext’s Liffe Connect trading platform for derivates is also being upgraded to 100Mbps connectivity by 31 March next year. More than 20 customers are already slated to take advantage of Euronext’s co-location for the service to obtain the fastest processing speeds.

Now read:

NYSE Euronext to insource key trading platforms

Atos Origin slammed after NYSE Euronext insourcing

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