NEW YORK--(BUSINESS WIRE)--Colt, the global network and trading infrastructure provider, announced today that it is rapidly expanding the Colt PrizmNet financial extranet in North America to include a range of U.S. and Canadian financial content providers, foreign exchange (FX) venues and technology providers, including Hotspot, Nasdaq and Omega ATS. Through its growing financial extranet, Colt enables providers to offer critical financial content with increased transparency, real-time reporting and reduced time-to-market for its customers. Colt PrizmNet’s growing community includes providers of FX pricing data, execution venues, single-dealer platforms, trade reporting, risk management and more.
The growth of Colt PrizmNet’s community in North America not only demonstrates Colt’s commitment to this market, but is also driving the expansion of the company’s teams in New York and Chicago. Colt is accelerating its local presence by appointing a new North American head of sales for capital markets, John Faccibene. Colt veteran Julie Hutchinson is also assuming a new role as head of capital markets solutions for North America. Faccibene and Hutchinson will focus on growing Colt’s capital markets business in North America by developing existing relationships and adding new clients, as well as further building the Colt PrizmNet community in this region.
With its deterministic latency, Colt PrizmNet offers access to capital market content providers and ensures a consistent experience regardless of traders’ location. Its online, self-service portal gives users full control over destination selection, order placement as well as the management and monitoring of their connections. Near real-time reporting guarantees highly transparent network performance and facilitates troubleshooting, bandwidth management and performance comparison against service level agreements (SLAs).
“We are thrilled to partner with Colt PrizmNet to extend our reach within North America and beyond,” said Sean Debotte, CEO, Omega ATS. “Omega ATS is a protected Canadian marketplace which offers an inverted pricing model for all equities. The partnership with Colt PrizmNet will give our customers access to real-time reporting tools via the PrizmNet Online portal, allowing them to monitor their links into our market and get a better understanding of their infrastructure. Omega believes this additional information will ultimately benefit our end users.”
“As part of Colt’s commitment to meeting the requirements of North American capital markets firms, we’re expanding both our financial extranet and our local teams,” John Loveland, vice president, capital markets, Colt. “Julie and John are experienced leaders, equipped to drive the business expansion in North America and guide Colt along its mission to minimize complexity, increase transparency and reduce time to market for firms looking to expand into new markets and asset classes. We want to enable firms to focus on their core competency while we focus on ours – managing global connectivity.”
To learn more about Colt PrizmNet and Colt’s Capital Markets services, visit www.colt.net/capitalmarkets/.
Colt provides on-demand network and communications services to information-intensive businesses across Europe, Asia and North America. Founded in 1992, there are over 5000 Colt employees in local offices across 28 countries. Customers include 18 of the top 25 banks and diversified financial groups and 19 out of the top 25 companies in both global media and telecoms industries (Forbes 2000 list, 2014). In addition, Colt works with over 50 exchange venues and 13 European central banks. Colt provides businesses with reliable business-grade services backed by the right choice of technology, service and commercials. When it matters, customers choose Colt.