COLT Offers Proximity Services With SWX

COLT and SWX Swiss Exchange are to provide ‘proximity services’ to members of SWX Swiss Exchange and its London-based investment exchange, SWX Europe. The offering is based on the suite of low latency services launched by COLT last year and should enable trading firms to locate their order management systems as close as possible to the Swiss Exchange’s central matching engine. Members will be able to trade across the Exchange’s product offerings including equities, bonds and derivatives with minimal latency delay.?In order to provide the lowest latency service possible, COLT customised its Zurich data centre to house an access point into the SWX Swiss Exchange over a direct fibre connection to the bourse. The service allows financial institutions trading on SWX to house their systems in the same location and cross-connect directly into the switch. COLT has signed up its first customer, which has begun testing alongside the SWX Swiss Exchange’s technology refresh programme this month.

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