Colt Technology Services has announced that it’s expanding its capital markets product offering into Latin America (LatAm), giving clients from the US, Europe and APAC cost effective, low latency access to B3 – a major financial market infrastructure firm and the largest in the region – via Colt PrizmNet.
By strengthening its coverage in the Americas, Colt is offering international capital market data vendors and trading companies with simpler, more cost-effective access to “critical venues” in the region.
The announcement also mentioned that this expansion makes Colt one of the first financial extranet providers to provide access to B3 from “all of its 30+ Global PrizmNet PoPs and exchange colocation venues and to on net clients across its global capital markets ecosystem of 160+ exchanges, venues and service providers, and 10,000+ participants.”
As stated in a release, investors from across the globe are able to access connectivity, trading and market data across several different asset classes from this critical market.
The update also noted that the financial services market in the region has experienced considerable growth, with Brazilian capital markets going through a period of expansion, and over 44 firms listing on the Brazilian Stock Exchange in 2021, “compared to 28 in 2020.” The number of retail investors has also “grown significantly, from 700,000 in 2018 to more than 3.8 million this year,” the update revealed.
Colt’s Segment Director, Capital Markets & Asia, Matthew Reinholds, stated:
“The financial services industry in Latin America has undergone a rapid digital transformation, with significant investment in FinTech and the relevant architecture. The trend in Latin America mirrors that taking place across the world, where low-latency connections between financial hubs are changing the way capital market data vendors and trading firms access to the global capital markets ecosystem.”
Matthew added:
“As these markets continue to grow, demand for connectivity to key market venues has risen, along with the need for reliable low latency access to market data and trading – and, that’s exactly what we’re delivering with our expansion of Colt PrizmNet into the region and access to B3.”
Colt PrizmNet is an international financial extranet that provides deterministic low latencies for providing data, software, content and financial services globally to companies in the US, Europe and APAC.
PrizmNet also offers a scalable, secure, and reliable platform to “rapidly connect and support market participants in areas such as multi-market trading, data, best execution and algo testing,” the announcement noted.
Colt PrizmNet is “underpinned by the Colt IQ Network – a 100Gbps optimised intelligent network – distributed to more than 29,000 on net buildings, 900 data centres and hundreds of data network connection points around the globe,” the update noted.
With flexibility and agility to address the market’s requirements, Colt aim to further improve its connectivity offering to “ensure its market leadership across the world.”