The London Stock Exchange (LSE) is teaming with US telecoms firm Savvis Communications to increase global connectivity and access to its market data.
The LSE says linking to the Savvis network will allow traders in more than 40 countries to obtain its market data more easily, helping to reduce the cost of trading.
Financial institutions in Asia, Europe and the US will have direct access to the LSE's data feeds via Savvis' global financial extranet. The exchange will also get acces to Savvis' US client base, including many of the major US investment banks.
The LSE says the deal will provide global investors with low latency access to its market data.
"This agreement will support us in extending our reach, providing additional low latency trading connectivity and real-time market data access," says Wendy Morgan, head of real-time data, LSE.
Richard Warley, international managing director at Savvis, says the aim of the partnership is to "increase electronic trading by making a greater amount of data available to international investors and traders, whilst increasing the speed at which they can conduct transactions".