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Colt adds connectivity to upcoming Cboe Europe Derivatives market – The TRADE News

Connectivity solutions provider Colt Technology Services has said it will provide access to the new European derivatives market at Cboe when it goes live in September.

Colt will provide its clients connectivity to Cboe Europe Derivatives (CEDX) via its PrizmNet low-latency network, which aims to speed up time to market, reduce slippage and lost trades for users accessing the new exchange.

PrizmNet from Colt provides a single connection to an ecosystem of exchanges, venues and trading and regulatory solutions providers, including market data feeds. It also allows users to interconnect with cloud service providers such as Amazon, Google, Microsoft and IBM.

Matthew Reinholds, segment sales director for global capital markets and Asia enterprise at Colt, commented that the firm is one of the first connectivity partners to offer access to CEDX ahead of its launch.

“Colt has long been a leading connectivity provider for the capital markets community, and thousands of customers around the world trust our network. We continue to monitor the market and make infrastructure investments to ensure we connect to key liquidity hubs and deliver the best possible latencies and performance,” he added.  

Cboe’s new derivatives exchange is due to launch on 6 September after recently gaining approval from the Dutch regulator. CEDX will provide trading in European and pan-European equity index futures and options that will be cleared at EuroCCP, which Cboe acquired in July.

In April, ABN Amro, Goldman Sachs and Morgan Stanley were confirmed as the first participant banks for CEDX after Cboe said it had secured several banks, clearing firms, market makers and proprietary trading firms that will provide liquidity and client order flow to the market when it goes live.