Copying and distributing are prohibited without permission of the publisher
Algo Group goes live with LSE colocation
01 April 2011
The Algo Group has gone live as a provider of connectivity and colocation services to the London Stock Exchange Group’s new ultra-low latency trading platform, Millennium Exchange.
It says this will enable high frequency traders to colocate and place orders on LSE markets, including the London Stock Exchange, Turquoise, Borsa Italiana and EDX.
Order execution times have yet to be confirmed for LSE’s Main Market, the second market to go live on the new system, though trades conducted on Turquoise on the MillenniumIT platform, which has been running for several months, showed an average order entry latency of around 125 microseconds.
Using its international fibre optic trading network, AlgoSpan will make LSE Group markets accessible to its trading customers using colocation facilities at the LSE’s data centre.
Algo Technologies has also added LSE and Turquoise market data to its AlgoData ultra-fast raw, normalised and consolidated European and US market data feeds offering.