In the capital markets business of high frequency trading timely access to information can mean quick profit or loss for any trader.
KVH and MarketPrizm have announced the launch of the financial services extranet, PrizmNet, in Asia.
Both acquired by UK-based cloud and managed services provider Colt, KVH provides data center services, with a market focus on Singapore, Hong Kong, Tokyo, and Seoul. MarketPrizm provides raw and normalized market data delivered to clients on PrizmNet.
PrizmNet, which is said to be "an ultra-fast and dedicated multi-venue connectivity infrastructure" for the financial trading industry, will connect providers of financial content -- including market data, research and other services -- to capital markets firms.
Colt is currently in active discussions with over 50 providers of content for Colt Prizmnet. Providers already signed up to distribute content via Colt's extranet service include Japan Exchange Group, NLX, Nasdaq, and Aquis Exchange.
Using Prizmnet, capital markets firms can connect to new markets and clients quickly to support trading connections, middle office and post-trade activities.
Designed in consultation with over 20 investment banks, asset managers and brokers, the key features of Colt PrizmNet service are: guaranteed deterministic latency for the delivery of content to the consumer, near real-time network performance monitoring, a self-service portal for easy access to content and services, and business focused SLAs.
PrizmNet is available with full functionality to all market participants in Europe today. Asian locations, including Hong Kong, Singapore and Japan, will see phased deployments between Q2 and Q4, as additional service features are added. Full functionality in all regions will be available by the end of 2015.