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Colt PrizmNet doubles footprint in Hong Kong and Singapore

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Colt PrizmNet, the financial extranet developed by Colt, has continued to grow its footprint in Asia by connecting to Equinix’s International Business Exchange (IBX) data centres in Hong Kong (HK1) and Singapore (SG1).

Colt can now interconnect with key FX centres, both globally and across Asia, including direct connectivity to Equinix’s TY3 data centre in Tokyo, the largest FX trading facility in Asia, as well as Sydney (SY2).  
 
The move doubles the size of Colt PrizmNet’s existing footprint in Hong Kong and Singapore by making it available to financial companies located in proximity to local exchanges, in addition to those co-located at HKEx and SGX’s data centres.
 
Financial companies based in Hong Kong and Singapore can quickly and seamlessly connect to an exchange operator, over 50 exchanges – including FX trading platforms – and providers of financial content and services such as Chi-X Japan, CME, DA International, JPX, Nasdaq, SBI Japannext, SNAP Innovations and TOCOM.
 
“It is often challenging for traders in Asia to connect to the region’s scattered liquidity centres, particularly its FX markets,” says Richard Man (pictured), head of solution sales, capital markets for Colt in Asia Pacific. “By expanding the availability of Colt PrizmNet in Hong Kong and Singapore to customers hosted in Equinix IBX data centres in each city, we are able to provide an even more flexible and cost-effective solution. Colt PrizmNet is a managed connectivity solution available to financial companies of all sizes wanting to gain an advantage by improving their international reach and their ability to trade all of Asia’s major FX centres.”
 
“With the growing need for, and complexity of, interconnection within the global financial markets, we have seen increased demand for our solutions and services across Asia-Pacific. More and more firms are seeking to take advantage of the global opportunities that interconnection presents. Colt is a welcome addition to our foreign exchange trading ecosystems and will provide access to valuable services to our customers throughout the region,” adds David Wilkinson, senior director and Asia Pacific lead of global enterprise & financial services, Equinix.
 
Colt PrizmNet is a private network that links the capital market ecosystem, enabling consistent and transparent content delivery to firms in the US, Europe and Asia. The extranet also provides a scalable, secure platform to rapidly connect and support market participants in areas such as multi-market trading data, best execution and algo testing.

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