Intercontinental Exchange (ICE), an operator of global exchanges, clearinghouses, and provider of financial data services, has announced its plans to introduce an ultra-low latency data service between markets in the United States and Europe, with a focus on major financial centers like London, Frankfurt, and Bergamo.
High-Speed Data Connection across the Atlantic
ICE's initiative aims to establish a high-speed data connection between the U.S. and Europe, specifically targeting key financial hubs in Europe. This service is designed to significantly reduce data transmission delays, offering improved speed and cost optimization for investors.
This project expands ICE's existing Global Network, which already provides connectivity and managed services to active marketplaces in the U.S., Europe, and Asia. The addition of this trans-Atlantic data service enhances ICE's ability to facilitate global financial transactions.
ICE's solution leverages a combination of wireless networks on both sides of the Atlantic Ocean and high-speed undersea fiber optic cables to link financial markets in the U.S. and Europe. The primary focus is on minimizing data transmission latency.
By offering a comprehensive data transmission solution from end to end, ICE aims to simplify the operational challenges faced by market participants in building and maintaining global market data connectivity.
ICE's Mission: Connecting People to Opportunities
The first route will transport essential market data from Illinois in the U.S. to multiple locations within the London metro area and other European cities like Frankfurt and Bergamo. ICE plans to introduce additional hybrid routes connecting Europe and the U.S. in both eastbound and westbound directions.
“We are excited to expand our ultra-low latency offering by enabling an end-to-end market data solution between U.S. and European markets, which is designed to improve the speed and access to international financial markets,” said Margaret Niche, the Head of ICE Global Network. “This new service will complement our existing offering. It will connect to the key data centers in Europe and will leverage our existing data delivery platform to ease integration for customers and provide a consistent service, including our comprehensive fiber back-up.”
This network is part of ICE Data Services' connectivity offering. It provides high-quality content, delivery, and execution services over a secure and resilient network. It is specifically engineered for capital markets to facilitate rapid and efficient data transmission from major liquidity venues worldwide.
ICE's expansion into providing ultra-low latency data services reflects the growing demand for high-speed, reliable data connectivity in the global financial industry. By minimizing data transmission delays, financial institutions can execute trades more efficiently and make informed decisions in real-time. This initiative contributes to ICE's mission of connecting people to opportunities in the digital financial landscape.
