BT is today celebrating the 10th anniversary of the launch of its BT Radianz services, which now support the world’s largest secure networked financial community. The managed infrastructure supports more than 14,000 financial sites around the world, delivering application services from more than 400 leading service and content providers, including the world’s top banks, broker-dealers, investments managers and exchanges. A lot has changed over the decade but the rise of proximity hosting and high frequency trading (HFT) techniques and firms has lead to considerable growth and increased demand for connectivity.
The geographic reach of BT Radianz has tripled since its inception ten years ago, and now extends to over 60 countries and developing markets, including Russia, Brazil, Korea and Taiwan, with more new markets constantly joining as the globalisation trend continues, despite the recession.
Commenting on the anniversary, Randall Hopkins, senior vice president, Nasdaq OMX global data products, said: “After 10 years the BT Radianz managed infrastructure continues to facilitate electronic trading for our mutual customers. Nasdaq has maintained a relationship with BT Radianz stretching back several years. As a result, the BT Radianz technology offerings have allowed us to reach an even wider customer base who now have access to our Euro data feed and our suite of products, such as European Last Sale, Nasdaq TotalView, Nasdaq Basic and Nordic Equity TotalView.”
Larry Tabb, founder and CEO of the Tabb Group consultancy, also commented: “BT has built the industry’s largest dedicated financial services community to facilitate business processes across multiple asset classes, across the entire trading and business cycle, around the world. [It is no mean feat].”
Andy Nicholson, president, global banking & financial markets, at BT, said: “One community. One connection. One focus. This was the BT Radianz tag line for a long time, and the message today remains the same. The infrastructure continues to be designed, enhanced, and operated for the financial services sector by people who understand the requirements of our customers, which include amongst others DTCC, LCH.Clearnet and Chi-X.”
Looking to the future and the next 10 years, Alan Ward, head of corporate ICT, BT research and technology strategy, comments that cloud and community-based technology offerings can only grow: “By the end of this decade, it is estimated that there were more pieces of unique data created each year than the total sum of the previous 5,000 years. The amount of available technical data is doubling every 2 years. The nature of this data is also diversifying from text only towards images, audio clips and inputs from a wide range of devices and sensors.”
The demand to connect to this ‘information superhighway’ – to use a phrase from over a decade ago – is therefore not likely to lessen any time soon. Who connects up the financial markets and speeds access, trades, and data sharing will though, of course, always be a matter for intense competition. The competitive landscape in another ten years’ time will be an interesting spectacle.