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Chi-Tech Offers MarketPrizm To North America Market

Chi-Tech, the technology services unit of Chi-X Global, has said that its pan-Europe trading venue connectivity network and managed infrastructure service, MarketPrizm, is now available to firms in North America. Previously the service was available only to European-domiciled firms.

According to the company, MarketPrizm is a comprehensive infrastructure delivered as a service, designed to provide authorized trading venue members and broker-sponsored firms a technology platform for accessing the European marketplace.

The service comprises high speed connectivity to the trading venues in the UK and Europe from colocated data centers in the region, as well as market data, hosting options, third party applications and full support.

MarketPrizm is underpinned by PrizmNet, the company’s proprietary bespoke 10Gbps network with links to the region’s exchanges and market centers. The network and services are optimized for all types of electronic trading, including high frequency, algorithmic and other latency-sensitive strategies.

Nicolas Levy, managing director for MarketPrizm at Chi-Tech, said: “In response to requests from firms in the region, we are introducing MarketPrizm to North America as an answer to the high cost and resource investment required for trading infrastructure and connectivity in Europe.”