Euronext has launched Euronext Wireless network (EWIN), a London-based microwave service designed to improve the speed of order transmission between its core data centre in Bergamo, Italy, and London.
Using the technology, Euronext members will benefit from reduced latency and, as a result, faster and more reliable execution, the firm said.
EWIN provides a direct communication pathway between the two locations, with order submission from London Equinix LD4 to Bergamo Aruba IT3 completed in less than 4 milliseconds, Euronext stated. This significantly reduces the time it takes to send orders to its single liquidity pool, it added.
Euronext is offering the service in partnership with independent European microwave network provider McKay Brothers. The service has a full fibre back-up to ensure resiliency.
Since the direct microwave link between London and Bergamo has gone live, both Goldman Sachs and Morgan Stanley have confirmed deployment of the technology.
Commenting on the launch, Stéphane Boujnah, CEO and chairman of the managing board of Euronext, said: “The launch of EWIN marks an important milestone in Euronext’s commitment to innovation and excellence in the financial markets. With EWIN, we are enhancing our technological infrastructure to reinforce Euronext’s position as the leading listing and trading venue in Europe, and to provide our members with the tools they need to thrive in an increasingly competitive environment.”
Stéphane Tyč, co-founder of McKay Brothers and Quincy Data, added: “We are honoured to support Euronext’s creation of a groundbreaking wireless order entry offer. This will contribute to a more level playing field, democratise cutting-edge technologies, and improve the markets’ efficiency for investors.”
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