Colt Technology Services will provide direct connectivity between trading venues in Tokyo and Chicago for the Japan Exchange Group’s new inter-exchange service dubbed “JPX-Chicago Co-Location Direct”. The new service, powered by Colt’s dedicated, ultra-low-latency IQ Network, links JPX’s data centre in Tokyo with the Aurora and Cermak data centres utilised by major exchanges in Chicago.
The new agreement between JPX and Colt continues a long-standing partnership between the two organisations. It is a partnership that has seen the establishment of high-speed digital connectivity between premier trading venues such as the Tokyo Stock Exchange, the Singapore Exchange and others, in addition to major exchanges in Chicago. Colt’s existing points of presence, colocated with both JPX and Chicago’s Aurora and Cermak data centres, eliminate the need for additional local connectivity. In combination with Colt’s intercontinental connectivity, JPX is able to offer significantly lower latency to trading participants, contributing to greater overall liquidity. The low-latency network route chosen by JPX linking exchanges in Tokyo and Chicago was, in fact, optimised earlier this year.
Andrew Housden, VP of Capital Markets at Colt, said: “Colt has faithfully served the capital markets sector for over 20 years. We have the ability, confidence, technology and track record to continue providing trading participants with the best solutions available for market success. We’re honoured that JPX has chosen our network connectivity to serve the mission-critical needs of financial firms and traders across the globe.”
Ryusuke Yokoyama, Senior Executive Officer at TSE, also said: “JPX and Colt have had a long-standing partnership that has created value not just for our respective organisations, but all capital markets participants that rely on our platform to do business. We expect ‘JPX-Chicago Co-Location Direct’ with Colt connectivity will boost ease-of-use for investors, especially latency-sensitive users in Chicago, as well as enhance liquidity in the financial markets of both Japan and the US. We look forward to continuing our partnership with Colt and developing more exciting opportunities for investors.”