Colt Expands PrizmNet Extranet in US, Canadian Financial Venues

Colt Technology Services, a provider of network and communications services for trading groups, has expanded its Colt PrizmNet extranet infrastructure in North America, which will now include a plethora of US and Canadian venues in its latest initiative, according to a Colt statement.

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Colt’s PrizmNet is one of its flagship solutions, helping provide a scalable, secure platform that rapidly links and supports market participants in such channels as surveillance and data management. Its latest expansion will see the group’s extranet extended to content providers, foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) venues and technology providers.

This includes leading names in the financial services industry such as Hotspot, Nasdaq and Omega ATS. Colt’s emphasis on its growing financial extranet is designed to help enable providers to gain better access to financial content with transparency gains, real-time reporting, and reduced time-to-market for its respective clients

Colt is also eyeing a more broad based focus in North America, which will now include a wider latitude across US and Canadian markets. These ambitions have worked in tandem with the company’s recent expansion of its teams in New York and Chicago.

New Executive Appointments

In addition to the expansion, Colt is also appointing a new North American Head of Sales for Capital Markets, tapping John Faccibene for the role. Moreover, veteran Colt employee, Julie Hutchinson is also slated to step into a new role as the group’s Head of Capital Markets Solutions for North America.

Both Mr. Faccibene and Ms. Hutchinson will focus on growing Colt’s capital markets business across North America, focusing on developing existing relationships and growing the aggregated client base.

According to John Loveland, Vice President (VP), Capital Markets, Colt, in a recent statement on the appointments and expansion, “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.”

“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 Connectivity Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Connectivity is defined as a term used for connecting devices to each other. In most cases, this refers to computer networking and more specifically includes bridges, routers, switches, gateways, and service as well as local networks. Connectivity can refer to simple forms, such as connecting a home or office to the internet or even connecting a digital camera to a computer or printer. Connectivity in FinanceConnectivity has taken on new meaning with the growth of fintech and Big Data collectio Read this Term,” he added.