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February 22, 2017

BT connects world’s largest FX markets with high-speed network links

The high-speed links will help give financial institutions faster and easier access global foreign exchange markets.

By CBR Staff Writer

BT is set to connect five of the main foreign exchange (FX) locations with dedicated high-speed links, dubbed Radianz FX express. Linking the UK, US, Singapore, Japan and Hong Kong, the network will connect the five sites which account for more than 70% of the world’s FX trading.

According to BT, the high-speed links will help give financial institutions faster and easier access to global foreign exchange markets.

The high-speed network claims to be cost-effective and offer low-latency and fully managed connectivity that can let traders quickly access market data across the five locations for trading made easy.

BT says that the new links can be crucial in an industry where millions of Pounds, Dollars or Yen are traded within seconds and where a delay of just a few milliseconds can result in huge losses. Thus, the network can improve efficiency and profit-earning for the companies.

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Radianz FX express links directly into the five key third-party global datacentres in the FX trading world.

BT has selected these key data centres as they host significant IT infrastructure for the FX trading community in each of the locations.

Radianz FX express adds to the BT Radianz portfolio of services, which enable global application distribution and access for the financial services industry. The new service has been designed and built for high-speed, high-performance delivery of market data and trading applications.

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Hubertus von Roenne

The BT Radianz portfolio includes services such as BT Radianz Cloud, which is claimed to be the largest secure networked financial community. It offers members access to thousands of applications and services from more than 400 providers for running the global financial sector daily.

The Radianz Cloud allows fast, secure, reliable access to foreign exchange applications and services around the world including more than 40 FX trading venues.

These venues allow financial services institutions to trade 99% of currency pairs, for example US Dollars to Euros (USD/EUR), or Pound Sterling to Yen (GBP/JPY).

British Telecommunications global industry practices vice president Hubertus von Roenne said: “Foreign exchange is the largest asset class by value traded globally. An average of $5.1 trillion is traded on FX markets every day.

“We’ve created managed BT Radianz FX express routes to boost the competitiveness of our financial services customers. With dedicated links within and between the world’s five biggest FX trading locations, BT can help FX firms lower costs while creating opportunities for international growth.”

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