Nanospeed to expand connectivity in Asia, to BRICs


http://www.wallstreetletter.com/news/nanospeed_to_expand_connectivity_in_asia_to_brics

—Jeanene Timberlake

Nanospeed expects to expand the reach of its connectivity services in Asia and to add connectivity in BRIC countries in the near term, according to comments from Sanjay Shah, chief technology officer of Nanospeed.

Shah said the service provider has plans to broaden its reach via its ultra-low-latency trading gateway, Nano-TG, geographically to offer more market to a wider client base.

Nanospeed’s access currently covers more than 30 exchanges across North America, Europe, and Asia, but that list will grow, Shah explained. “With announcements coming… there will be more markets in Asia and the BRIC countries as well,” he added.

The UK-based provider, which uses FPGA technology as the foundation of its offerings, added connectivity for Eurex’s T7 trading architecture last month. The new connections include access to eight of Eurex’s global partner exchanges, including the Singapore Exchange, the Korea Exchange, the Taiwan Futures Exchange and the Bombay Stock Exchange, all of which use the T7 platform.

Shah said Nanospeed anticipates growing its exchange access list as the T7 architecture, developed by the Deutsche Börse Group, is expanded to other venues in the exchange group’s family.

Nano-TG was launched in October with a throughput of 20 million orders per second and sub-half microsecond wire-to-wire latency. Shah noted Nanospeed intends to stay at the forefront of FPGA technology in the financial markets.

“Sometimes you have to run to stay in the same place, and that is what we have to do with where we are at Nanospeed.”