Chi-Tech, the technology services unit of Chi-X Global, is to launch a new "ultra low-latency network" to provide multi-venue access to European trading destinations.
Chi-Tech says the new component-based MarketPrizm platform will provide neutral access to 19 market centres via a dark fibre network dubbed PrizmNet. It will incorporate co-location and proximity hosting, a range of application services, and low-latency market data delivered via a 10Gbps logical mesh network structure.
Application services options will be multi-sourced and include pre- and post-trade risk management, order gateways, multi-venue market data acquisition, latency measurement and smart order routing. An open delivery framework will enable clients to pick and choose from a range of components to plug gaps in their existing technology stack, says the firm.
The connectivity infrastructure behind MarketPrizm is being provided by euNetworks Group.
Nicolas Levy, MarketPrizm's managing director, says the one-stop solution suite "removes the technology and cost barriers to algo and high frequency trading in the UK and Europe".