Debt Ridden Spain Welcomes High Frequency Traders

Trading Solutions, has announced its financial extranet TCSnet is now connected to Bolsas y Mercados Españoles (BME), the operator of all stock markets and financial systems in Spain. Chosen to provide Colocation Colocation Colocation concerns the practice of accessing prices a split second faster through direct feeds.This differs from the congregation of data that is generally transferred between two exchanges then displayed on a trader’s computer, mobile device, or tablet. Popularized out of the wake of high-frequency trading, colocation is becoming more sought after as speed continues to prove paramount within the day trading arena and algo trading is on the rise. What Are the Benefits of Colocation?The core adv Colocation concerns the practice of accessing prices a split second faster through direct feeds.This differs from the congregation of data that is generally transferred between two exchanges then displayed on a trader’s computer, mobile device, or tablet. Popularized out of the wake of high-frequency trading, colocation is becoming more sought after as speed continues to prove paramount within the day trading arena and algo trading is on the rise. What Are the Benefits of Colocation?The core adv Read this Term services for BME members, the Madrid based exchange is looking to capture a greater trade flow from high frequency traders with a rapid time to market through TCSnet.

"Since connecting to TCSnet, latency on BME's new platform SMART has reduced considerably. It also facilitates trading of all BME products based on an infrastructure that ensures the highest operational standards, including guaranteed security and reliability levels," said Vicente Linares, vice president Spain, Portugal & Latin America at Orange Business Services - Trading Solutions.

TCSnet's co-location service will be available to the Spanish market from BME's data processing centre in Madrid. Real-time BME market data will also be accessible via this new facility.

For many years Trading Solutions has been connecting international participants to Mercado Español de Futuros Financieros (MEFF), a subsidiary of BME that offers trading and central counterparty services for futures and options as well as central counterparty services for repos on the Spanish debt market. This latest deployment sees Trading Solutions providing a managed service solution to BME that includes proactive monitoring. The switched solution offers 10 to 50 microseconds of latency compared to 100 to 500 microseconds from routed network providers.

"Being an instrumental part of making the Spanish Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term one of the most accessible in the industry is very exciting for Trading Solutions. Our ability to fulfil the high expectations of MEFF's customers ensured that we were able to play an important role in the delivery of their new project," said Sébastien Jaouen, head of global sales at Orange Business Services - Trading Solutions.