Global digital infrastructure company Colt Technology Services, announced today the expansion of its capital markets data solutions into two of the world’s largest stock exchanges, the New York Stock Exchange (NYSE) and National Association of Securities Dealers Automated Quotations (NASDAQ), along with the Options Price Reporting Authority (OPRA), substantially increasing its global capital market data portfolio.
Combined, the NYSE and NASDAQ have a market capitalisation value of nearly US$ 54 trillion, as of March 2024.
Colt’s capital market solutions cover over 80 exchanges and liquidity venues globally. This expansion builds on its decade-long presence in the US that connects clients to major US exchanges under the CME Group, including the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), and The Commodity Exchange (COMEX). Through the group’s expansion, Colt will now also carry data distribution licences for the Minneapolis Grain Exchange (MGEX) and Bursa Malaysia Derivatives (BMD).
With the expansive scale of data processing required with these new additions, Colt has made significant investments to fortify its US infrastructure to ensure secured, non-disruptive ultra low latency market data feeds to its global network. This is also delivered with the highest levels of resiliency available to the markets’ Production and Disaster Recovery services.
As well as delivering data to customers’ on-premise environments, the company’s cloud-based multicast data service, Colt Market Data in the Cloud, enables the unconverted, raw multicast market data to be delivered to companies through Amazon Web Services (AWS). Even with the high volume of data that’s distributed, the service ensures that cost and complexity is set to a minimum. It delivers data in its original format to the cloud environment of exchanges, prime brokers, trading firms and market data vendors across Europe and Asia Pacific. Combined with the Colt Market Data Monitoring System, a robust system that offers real-time insight into service performance for market data feeds and usage, the solution offers businesses seamless connectivity, flexibility and protection to accelerate their growth.
Arthur Rank, Global Director Capital Markets Solutions, Colt Technology Services said, “Colt has been active in the US market for some time now, but this is the first expansion of this magnitude, both from a network and infrastructure perspective. Having access to raw data feeds from the world’s largest stock exchanges is an asset for our customers in the markets we operate in. The project is expected to significantly grow our market size in the region, reinforcing Colt’s position as a leading global capital markets solutions provider.”
To support these expanded offerings, Colt has added new Points of Presence (POPs) in New York and
upgraded existing backbones and infrastructure to support 100Gbps, ensuring that clients benefit from
the bandwidth and speed necessary to handle high data volumes from the US Exchanges. It’s underpinned by their Transatlantic subsea route cable systems that keep organisations across the continents securely connected.
Wesley Elder, Capital Markets Product Director, Colt Technology Services said, “An expansion of this scale reaffirms Colt's commitment to the Capital Markets industry, with a well-established presence in Europe and Asia, our continued growth in the US strengthens our position as a global leader. This investment reflects our dedication to delivering world-class, high-performance connectivity solutions to support the dynamic needs of capital markets worldwide. As we expand our product capabilities across all major financial hubs, we are committed to becoming the vendor of choice for market participants globally, offering unmatched resiliency, speed, and seamless connectivity for secure, real-time data across our global network.”
The project is set to be fully operational before the end of 2024, opening access to the data feeds from NYSE, NASDAQ and OPRA to Colt’s global network.