Orange Business Services Connects to Chi-X Europe
This connection will help Orange Business Services customers to join new liquidity pools, maximize their growth opportunities and meet their best execution obligations in the post-MiFID market environment, said the company in its release.
“Through our streamlined business model focused on deep order book liquidity, technology innovation and customer service, institutional customers are able to trade a wide range of European equities and ETS highly efficiently at low cost with potential price improvement,” stated HIrander Misra, COO of Chi-X Europe in the release. Misra welcomed Orange to its growing list of managed extranet providers.
Citing the goals of providing customers with flexible and reliable connectivity while delivering cost savings, in a statement, Lionel Grosclaude, COO at Orange Business Services — Trading Solutions, said that Orange would continue to continue to meet customers’ needs with connections to multiple venues and high secure bandwidth. “Our robust IP network connection to Chi-X Europe ensures that users benefit from much lower latency and connectivity costs compared with legacy suppliers operating on older generation technology networks,” Grosclaude said in the release.
The Orange Business Services — Trading Solutions network hosts more than 2,000 financial institutions with over 40,000 turrets installed globally. It claimed to be the first post-MiFID dedicated trading network using the IP MPLS (Internet Protocol Label Switching) platform to provide links to new geographical liquidity pools worldwide.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio
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