NASDAQ OMX Europe certifies Interoute Fast Trade service for algorithmic trading
Interoute Fast Trade guarantees ultra low round trip delay between trading exchanges
Geneva on 13 January 2010
Interoute, owner operator of Europe’s largest next-generation network, has been approved as a direct connectivity supplier to the pan-European multilateral trading facility, NASDAQ OMX Europe (NEURO). By taking the most direct routes between 25 countries in Europe, Interoute’s high quality bandwidth service, Fast Trade, provides financial institutions with the fastest data speeds available between European trading platforms.
With milliseconds making the difference between losing and winning a deal, ultra- low latency connectivity is essential for financial institutions connecting into NEURO, which trades approximately 1,200 securities, including constituents of the main European indices. The depth and breadth of Interoute’s wholly owned pan European fibre optic data network makes the Interoute Fast Trade service ideal for the finance sector, as it guarantees ultra low round trip delay times between trading hubs, such as London and Frankfurt. Fast Trade is available in more than two hundred of Interoute’s points-of-presence (PoPs), including eight that are located within key Equinix exchanges.
“With NEURO’s continually expanding participant base it is essential that we ensure our customers gain access to the platform in the most efficient way,” said Todd Golub, chief operating officer at NASDAQ OMX Europe. “Interoute’s Fast Trade service has been specifically designed to provide low latency guarantees for algorithmic trading and their established European network will effectively support our pan-European offering.”
Interoute Fast Trade is a point to point service based on Interoute’s SDH and wavelength platforms. Any Fast Trade bandwidth purchased is entirely dedicated to the customer, ensuring the latency does not vary during the working day. Before it goes live, each Fast Trade route is tested for its exact round trip delay. This delay, measured to the nearest 100 microseconds, is then guaranteed in a premium quality Service Level Agreement (SLA) before the customer takes delivery of the service, ensuring a predictable high quality, high speed service. Furthermore, the Interoute SLA means that should the round trip delay not match the guaranteed level the customer is free to cancel the service without any additional charges.
“With financial trading becoming increasingly competitive, we’re delighted to be working with a trading platform trusted by over 1,200 European blue chip organisations,” said Emad Ghanipour, Country Manager of Interoute managed Services Switzerland. “NEURO is dedicated to providing the financial community with a flexible and robust European trading platform and we are committed to helping NEURO deliver on its promise.”
For further information, please click here to view a video titled “Algorithmic trading with the fastest bandwidth speeds in Europe” featuring Interoute’s Director of Wholesale Products and Services, Jonathan Wright
About Interoute
Interoute is the owner operator of Europe’s most advanced and densely connected voice and data network, encompassing over 55,000 km of lit fibre and 59 data centres. Its full-service next generation network serves international enterprises from a broad range of sectors including aerospace, automotive, finance, pharmaceutical and retail, plus every major European incumbent, as well as the major operators of North America, East and South Asia, governments, universities and research agencies. These organisations find Interoute the ideal partner for hosting content, providing wholesale bandwidth and transit services, corporate connectivity or creating new services. With established operations throughout mainland Europe, North America and Dubai Interoute also owns and operates dense city networks throughout Europe’s major business centres. More than €1 billion in e-commerce transactions flows through its data centres each day, making Interoute a key part of Europe’s Digital Supply Chain. www.interoute.ch
About NASDAQ OMX EUROPE
NASDAQ OMX Europe, the most competitively priced multilateral trading facility in Europe, is the first platform to connect European liquidity pools with pan-European routing. NASDAQ OMX Europe currently trades approximately 1200 securities including constituents of the main European indices, ETFs and other highly liquid securities. For more information about NASDAQ OMX Europe, visit www.nasdaqomxeurope.com.
NEURO and NEURO Dark are trading names of NASDAQ OMX Europe Limited, which is authorized and regulated by the Financial Services Authority. Insofar as the content of this communication is considered a financial promotion for the purposes of section 21 FSMA 2000, it is not communicated or approved by a person authorized under FSMA. This communication is directed only at persons to whom NASDAQ OMX Europe may lawfully make financial promotions (Relevant Persons) including persons who have professional experience in matters relating to investments who are “investment professionals” within the meaning of article 19 of the FSMA (Financial Promotion) Order of 2005. This communication must not be distributed to, acted on or relied upon by persons who are not Relevant Persons.
