MarketPrizm launches low latency trading infrastructure for LME
Technology provider MarketPrizm has announced the launch of a low latency trading infrastructure for clients at the London Metal Exchange (LME).
The infrastructure will provide clients with market access services, including real time data, order routing, managed hosting and low latency networking in the LME and the service is designed for latency-sensitive investors who wish to trade on the LME.
“The LME is one of the most sought after international exchanges, with more than 95% of its business coming from outside the UK. The service enables investors and trading participants in key markets across Europe, Asia and other parts of the world to get access to the LME using MarketPrizm’s low latency market data API and broker DMA connectivity for execution,” the company said.
According to Tanuja Randery, chief executive of MarketPrizm, for global investors looking to access this highly liquid commodities market, the new solution can provide market access to financial firms with the best latency in the market for accessing the LME.
“We can connect the buy-side with low latency data and connectivity into a brokers DMA platform for execution and we can provide brokers with an outsourced DMA infrastructure service enabling a faster on-boarding programme for their customers. The LME is a hugely important market for investors in the commodities trade and with the pending HKeX merger, our service will enable customers to leverage both markets in the near future,” he added.
MarketPrizm offers a range of services which include raw and normalized market data delivered to clients on PrizmNet, a ultra fast and dedicated multi-venue connectivity infrastructure for the financial trading industry.