AlgoSpan goes live with colocation and connectivity services for London Stock Exchange Group markets

LONDON, UNITED KINGDOM - 10 March 2011: AlgoSpan today announced that it has launched colocation and connectivity services to the London Stock Exchange Group (“LSEG”) markets. This will enable the high frequency, latency sensitive and algorithmic trading community to host their trading platforms within AlgoSpan’s colocated cabinets in the LSEG’s data centre.

The launch of this critical service enables customers to take advantage of the fastest possible access to Exchange’s core trading and information systems. Customers can take fully managed packages with AlgoSpan and benefit from the ultimate in LSEG connectivity – hosting their servers within the highly controlled environment of the Exchange’s state-of-the-art data centre.

AlgoSpan’s exchange colocation platform is fully operational with resilient infrastructure providing direct access to LSEG trading platforms, designed to increase the speed of market data delivery and reduce order execution latency. The platform also offers fibre based ultra-low latency connectivity services from the data centre to the customer’s desired locations and AlgoSpan’s global inter-exchange network.

The service provides trading firms with a fast and cost effective opportunity to access high performance trading infrastructure, which further enhances AlgoSpan’s portfolio of ultra-low latency trading solutions. Customers also have the option to proximity host within a strategic location in the heart of the City (the Interxion Financial Hub in LON1) with fibre based managed connectivity to the Exchange. Business continuity and disaster recovery solutions are available via hot standby hosting sites and transmission paths.

“This addition to our offering provides high frequency algorithmic trading firms with microsecond access to any of the London Stock Exchange Group markets,” comments Robert Bicket, CEO of AlgoSpan. “Customers can now choose from different connectivity options and balance their need to achieve the fastest possible market access for an investment that is right for them.”

In recent years algorithmic, low latency and high frequency trading have been a major source of volume growth on exchanges worldwide. AlgoSpan, soon to celebrate one year since its launch, came to this market to provide ultra-low latency ‘shortest path’ connectivity solutions, designed to reduce execution times to all major trading venues across Europe and the United States.

It combines its high-performance inter-exchange network with its ‘fibre to the door’ capability and colocation services to deliver super fast market access directly to the trading desktop. AlgoSpan is a joint venture between FibreSpan Limited and Algo Technologies Limited.