LSE Teams Up With QuantHouse for External Order Routing
September 8, 2010
The London Stock Exchange on Wednesday said that it has expanded its relationship with low-latency trading services provider QuantHouse to allow firms using the LSE's hosting services to route orders to more trading venues.
QuantHouse can offer LSE hosting clients access to the BATS Exchange, Intercontinental Exchange, NYSE Arca and NYMEX as well as Brazil’s BM&F Bovespa, Eurex and NYSE Liffe. Asian markets will be added next year. Firms using the LSE’s hosting service have sub-millisecond access to all of its markets because they have physically located their servers as close as possible to trade matching engines.
QuantHouse, which already provides global market data to customers of the LSE’s hosting facility is giving away the new service for one month for free. It will run on its QuantLINK ultra fast networkPrior to the addition of QuantLINK, QuantHouse’s proprietary fiber optic network, the LSE’s exchange hosted service only provided low latency access to platforms platforms already located within its hosting facility- the Borsa Italiana and Oslo Bors..
“Our aim is to enhance the exchange’s hosting value proposition to our co-location clients,” says Antoine Shagoury, chief information officer for the LSE. “The combination of this new low-latency order-routing service, existing global market data service and market center proximity will enable our clients to efficiently execute multi-market trading facilities from our central London location.”
BATS Europe can already route orders to other trading venues through a service called Recycle.
