BT Radianz Launches High Speed Trading Service
BT Radianz has launched Radianz Ultra Access, which provides ultra low latency connectivity between exchanges and brokers in the New York metropolitan area. The company hopes its service will allow transaction speeds of approximately one millisecond between local market participants and market data/execution venues that will include the Boston Options Exchange, BATS ECN, International Securities Exchange, the NASDAQ Stock Market, New York Stock Exchange and NYSE Arca. The service has been developed in response to the growing use of algorithmic and black box trading strategies, including direct market access (DMA) by broker-dealers, asset managers, prime brokers and hedge funds. The company claims that Radianz Ultra Access will provide its clients with managed services that reduce latency by 50%, guaranteed speed and availability, and an enhanced electronic trading environment.