Deutsche Börse Systems and COLT Collaborate to Offer 'Proximity Services'
Deutsche Börse Systems and COLT have announced an agreement to provide ‘Proximity Services’ to members of Deutsche Börse’s trading platforms. The new offering enables financial trading organisations to place their order management systems as close as possible to Deutsche Börse’s trading infrastructure, so that they can exchange data and process orders with minimal latency delay. Proximity Services will be particularly relevant for financial trading organisations using algorithmic trading, which depends heavily on execution speed and market data availability for success. COLT, Deutsche Börse’s second partner for Proximity Services, will provide data centre hosting services to enable customers to host their servers closer to the trading infrastructure and across different data centres, building up split installations and backup locations. Customers will be able to update their systems and trading strategies remotely from their office.