Deutsche Bank has inked a deal with BT Radianz to provide its hedge fund clients with low latency access to market data and trade execution services.
The bank has signed up to Radianz Proximity, a service that facilitates algorithmic and program trading by hosting customer trading applications adjacent to market data and execution venues.
The service, which was launched in Europe in January, provides scalable, low latency connectivity to major market data and execution centres.
BT Radianz says the deal will enable Deutsche Bank's hedge fund clients in Europe to host hardware in its own data centres for immediate access to execution venues globally.
Kevin Nealis, head of European direct market access at Deutsche Bank, says customers are becoming more sophisticated with their algorithmic trading strategies, requiring more direct access to the market.
"Traders are demanding more control over trade execution and reduced broker intervention," says Nealis. "By working with BT Radianz, Deutsche Bank is providing a service to meet the demands of a market where milliseconds matter."
David Stopforth, sales director, Europe, BT Radianz, says: "Investors are demanding close proximity to execution venues to achieve low latency direct market access in equities markets where they are not based. As a result, robust electronic connectivity has become a must-have."