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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.