Colt launches PrizmNet Cloud Access; bringing the power of the cloud to the Capital Markets
- Cloud , Market and Reference Data
- 15.04.2020 09:29 am
Colt Technology Services, has today announced the launch of PrizmNet Cloud Access, bringing the services of leading Cloud Service Providers (CSPs) to Colt’s financial ecosystem.
PrizmNet Cloud Access leverages Colt’s award-winning Dedicated Cloud Access (DCA) service and enables Capital Market participants to take advantage of a choice of cloud platforms and the applications they provide.
Colt’s Dedicated Cloud Access provides a secure and reliable private network connection between data centres or office locations and the major CSPs with this new offering, allowing both cloud consumers and cloud providers to leverage the PrizmNet network to access services from both non-cloud providers like exchanges for trade execution and cloud providers who can generate data-led insights powered by analytics.
This creates a robust ecosystem that will help Capital Market firms use Artificial Intelligence (AI) and Machine Learning (ML) to optimise their business operations, make better trading decisions, bring new products and services to the market and gain competitive advantages.
Matthew Reinholds, Colt’s Head of Capital Markets for the US and Europe said; “As more and more businesses move workloads to the cloud, Colt’s PrizmNet service can enable seamless content and application delivery to customers, as well as supporting providers who have applications running in the cloud to connect to their customers.”
“We believe that by further connecting our secure, high-performance PrizmNet service with the key CSPs, we can support businesses looking to benefit from a community of trading platforms, exchanges, and market data sources.”
PrizmNet Cloud Access is underpinned by the Colt IQ Network a 100Gbps optimised intelligent network that’s distributed to more than 29,000 on net buildings, 900 data centres and hundreds of data network connection points around the world.
Colt PrizmNet offers simplified access to a global Capital Markets ecosystem of 160+ exchanges, venues and service providers; and 10,000+ market participants.