More NewsSIA-SSB Offers High Speed Financial Hub in London for European Trading

SIA-SSB Offers High Speed Financial Hub in London for European Trading

SIA-SSB has launched a new financial hub in London offering banks and brokers direct access to the 11 most important European stock markets in the UK, Italy, France and Germany, through a single connection channel.

Through the hub, which consists of two technology sites in the Square Mile of London, SIA-SSB extends its multiservice broadband network infrastructure SIAnet at a wider international level, reaching a further seven financial markets – Eurex, Xetra, Borsa Italiana, NYSE Euronext, CHI-X, CME and Turquoise. These now join the four already served – London Stock Exchange, MTS, Euro TLX and HI-MTF. Additionally, this will enable brokers to connect to the financial routing circuits.

With this new international expansion project, SIA-SSB completes the realisation of the ‘Financial Ring’, a financial network with high technology content which puts customers in contact, via data centres in Milan and London, with the production and disaster recovery systems of individual financial markets. It consists of a high speed infrastructure based on direct links allowing significant cuts in latency times of dealing activities, thanks to the greater proximity to all the major international trading venues, reduction in costs of infrastructure investment of at least 15% against traditional systems, and generation of value in terms of efficiency, performance and operative simplification.

“With the European financial scenario going through a profound evolution, methods of market access are increasingly becoming a critical success factor for banks and financial brokers,” said Massimo Arrighetti, chief executive officer (CEO) of
SIA-SSB. “In order to exploit the opportunities arising from the growing competitiveness between the trading venues and the development of new generation markets, dealers must be able to count on technologies that guarantee high quality, reliability, immediacy and competitive costs, while at the same time guaranteeing total security, protection and confidentiality of transaction data. SIA- SSB’s goal in creating a hub in London is to provide its customers with a single access point to the major international markets, placing at the service of the European financial community the Italian technological excellence gained over the past 30 years in the design of network infrastructures.”

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