Chi-Tech Launches European High Speed Trading Network

Chi-Tech, the technology services unit of Chi-X Global, announced that its MarketPrizm business will launch a new ultra low-latency network for electronic trading in European markets.

The MarketPrizm network will provide trading firms with a one-stop platform for trading and will include neutral multi-venue access and a range of services.

The network also offers fully redundant co-location and proximity hosting infrastructure; application services such as pre- and post-trade risk management, order gateways, multi-venue market data acquisition, latency measurement and smart order routing; and ultra low-latency market data.

In a statement, Nicolas Levy, MarketPrizm’s Managing Director, said, “We are offering unparalleled flexibility and a fully-managed connectivity and application services suite that removes the technology and cost barriers to algo and high frequency trading in the UK and Europe.”