Provides competitive latency to London metro area and Frankfurt
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced the launch of its ultra-low latency wireless market data offering in the London metro area and Frankfurt by ICE Global Network (IGN).
Connectivity, speed and reliability are essential for market participants. IGN provides customers with an abundance of data and connectivity to more than 150 capital market venues and 750 native market feeds. The addition of wireless market data services in Europe will offer customers a new choice of provider and expand market data options for all customers. With competitive latencies connecting customers quickly and efficiently to select global markets, this offering also appeals to firms seeking diversity from private networks.
IGN will leverage existing wireless infrastructure in Europe to help customers meet the increasing demands they face to make decisions in fractions of seconds. The wireless market data offering will allow clients to access both cash and derivatives packages in the London triangle from ICE Futures, Euronext, CBOE Europe and LSE, as well as Eurex and Xetra from Frankfurt. The use of this reliable wireless network will allow customers to leverage the benefits of a highly optimized wireless service to help enhance their trading performance.
"Our customers in Europe are looking for competitive latency and pricing, network stability and access to global markets," said Lynn Martin, President of Fixed Income and Data Services at ICE. "This solution for London and Frankfurt allows customers active in European markets to access some of the world’s most important trading venues through this offering."
These wireless services are expected to go live in the second half of 2021.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.
SOURCE: Intercontinental Exchange
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