Colt Announces Connectivity to B3, The Largest Market Infrastructure In LATAM

Colt Technology Services is expanding its capital markets offering into Latin America in a partnership with Brazil’s exchange B3.

The move will provide customers from the USA, Europe and APAC cost effective, low latency access to B3, one of the world’s largest financial market infrastructure companies and the largest in the region.

This expansion, offered via Colt PrizmNet, is part of the firm’s strategy to strengthen its coverage in the Americas, and will make Colt one of the first financial extranet providers to offer access to B3 from all of its 30+ Global PrizmNet PoPs and exchange colocation venues and to on net clients across its global capital markets ecosystem of 160+ exchanges, venues and service providers, and more than 10,000 participants.

The capital markets in LATAM have seen significant growth in recent years, with Brazil going through a period of expansion, with retail investors flocking toward the markets: from 700,000 in 2018 to more than 3.8 million this year.

More than 44 companies have been listed on the Brazilian Stock Exchange this year, compared to 28 in 2020.

Matthew Reinholds, Colt’s Segment Director, Capital Markets & Asia, commented: “The financial services industry in Latin America has undergone a rapid digital transformation, with significant investment in FinTech and the relevant architecture.

“The trend in Latin America mirrors that taking place across the world, where low-latency connections between financial hubs are changing the way capital market data vendors and trading firms access to the global capital markets ecosystem. As these markets continue to grow, demand for connectivity to key market venues has risen, along with the need for reliable low latency access to market data and trading – and, that’s exactly what we’re delivering with our expansion of Colt PrizmNet into the region and access to B3.”

Colt PrizmNet, underpinned by the Colt IQ Network, is a global financial extranet that offers deterministic low latencies for delivering data, software, content and financial services worldwide to firms in the US, Europe and APAC.

Providing connectivity to market participants in areas such as multi-market trading, data, best execution and algo testing, PrizmNet leverages a 100Gbps optimised intelligent network distributed to more than 29,000 on net buildings, 900 data centres and hundreds of data network connection points around the globe.

Colt Technology Services has recently introduced ultra-low latency connectivity routes, Market Data and Managed Services in Thailand to improve the access to liquidity between Bangkok and other major capital cities in Asia.

The Stock Exchange of Thailand (SET) will now have improved speed to connect with the Hong Kong Stock Exchange (HKEX) and the Singapore Exchange (SGX) in a period of increased trading volumes across the globe.