London-based Patsystems has launched its latest Patsystems XConnect hub in London. This is a global, fully managed application service provider (ASP) network providing customers with low latency connectivity to the world’s futures markets, according to the provider of trading and risk management solutions to the derivatives industry.
XConnect also provides access to Patsystem’s suite of front-end trading tools without the need to invest in hardware infrastructure or related technical support resources.
The new London data center is an addition to existing Patsystems XConnect hubs in Chicago, Hong Kong, Singapore, Sydney and Tokyo. All the company’s XConnect hubs are connected using Patsystems’ XLink technology allowing for exchange connectivity and order routing between any XConnect hub or client site. At launch, the hub will offer connectivity to over 20 futures exchanges globally, including connectivity to some of Europe’s leading markets, such as the London Metal Exchange.
In a prepared statement, Graeme Neilly, Patsystems Director of Global Account Management, said: “London is an important addition to our global Patsystems XConnect offering, serving as an access point for European market connectivity. In addition, the London ASP enables Patsystems to extend our offerings to a wider range of financial institutions, including those who are not candidates for a traditional implementation model or prefer hosted technology solutions.”
According to the release, Paysystems XConnect in London runs on scalable architecture that can support any number of users. It is a high availability, fully resilient system that employs sophisticated performance monitoring tools, according to the relase.
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