ICE's Ultra-Low Latency Data Service Initiative

ICE’s Ultra-Low Latency Data Service Initiative

Time Stamp: September 14, 2023 1:56 AM
ICE's Ultra-Low Latency Data Service Initiative PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Intercontinental
Exchange (ICE), an operator of global exchanges, clearinghouses, and provider
of financial data services, has announced its plans to introduce an ultra-low
latency data service between markets in the United States and Europe, with a focus
on major financial centers like London, Frankfurt, and Bergamo.

ICE’s
initiative aims to establish a high-speed data connection between the U.S. and
Europe, specifically targeting key financial hubs in Europe. This service is
designed to significantly reduce data transmission delays, offering improved
speed and cost optimization for investors.

This
project expands ICE’s existing Global Network, which already provides
connectivity and managed services to active marketplaces in the U.S., Europe,
and Asia. The addition of this trans-Atlantic data service enhances ICE’s
ability to facilitate global financial transactions.

ICE’s
solution leverages a combination of wireless networks on both sides of the
Atlantic Ocean and high-speed undersea fiber optic cables to link financial
markets in the U.S. and Europe.
The primary focus is on minimizing data transmission latency.

By
offering a comprehensive data transmission solution from end to end, ICE aims
to simplify the operational challenges faced by market participants in building
and maintaining global market data connectivity.

ICE’s
Mission: Connecting People to Opportunities

The
first route will transport essential market data from Illinois in the U.S. to
multiple locations within the London metro area and other European cities like
Frankfurt and Bergamo. ICE plans to introduce additional hybrid routes
connecting Europe and the U.S. in both eastbound and westbound directions.

“We are excited to expand our
ultra-low latency offering by enabling an end-to-end market data solution
between U.S. and European markets, which is designed to improve the speed and
access to international financial markets,” said Margaret Niche, the Head of ICE
Global Network. “This new service will complement our existing offering. It
will connect to the key data centers in Europe and will leverage our existing
data delivery platform to ease integration for customers and provide a
consistent service, including our comprehensive fiber back-up.”

This
network is part of ICE Data Services’ connectivity offering. It provides
high-quality content, delivery, and execution services over a secure and
resilient network. It is specifically engineered for capital markets
to facilitate rapid and efficient data transmission from major liquidity

venues
worldwide.

ICE’s
expansion into providing ultra-low latency data services reflects the growing
demand for high-speed, reliable data connectivity

in the global financial
industry. By minimizing data transmission delays, financial
institutions can execute trades more efficiently and make informed
decisions in real-time. This initiative contributes to ICE’s mission of
connecting people to opportunities in the digital financial landscape.

Intercontinental
Exchange (ICE), an operator of global exchanges, clearinghouses, and provider
of financial data services, has announced its plans to introduce an ultra-low
latency data service between markets in the United States and Europe, with a focus
on major financial centers like London, Frankfurt, and Bergamo.

ICE’s
initiative aims to establish a high-speed data connection between the U.S. and
Europe, specifically targeting key financial hubs in Europe. This service is
designed to significantly reduce data transmission delays, offering improved
speed and cost optimization for investors.

This
project expands ICE’s existing Global Network, which already provides
connectivity and managed services to active marketplaces in the U.S., Europe,
and Asia. The addition of this trans-Atlantic data service enhances ICE’s
ability to facilitate global financial transactions.

ICE’s
solution leverages a combination of wireless networks on both sides of the
Atlantic Ocean and high-speed undersea fiber optic cables to link financial
markets in the U.S. and Europe.
The primary focus is on minimizing data transmission latency.

By
offering a comprehensive data transmission solution from end to end, ICE aims
to simplify the operational challenges faced by market participants in building
and maintaining global market data connectivity.

ICE’s
Mission: Connecting People to Opportunities

The
first route will transport essential market data from Illinois in the U.S. to
multiple locations within the London metro area and other European cities like
Frankfurt and Bergamo. ICE plans to introduce additional hybrid routes
connecting Europe and the U.S. in both eastbound and westbound directions.

“We are excited to expand our
ultra-low latency offering by enabling an end-to-end market data solution
between U.S. and European markets, which is designed to improve the speed and
access to international financial markets,” said Margaret Niche, the Head of ICE
Global Network. “This new service will complement our existing offering. It
will connect to the key data centers in Europe and will leverage our existing
data delivery platform to ease integration for customers and provide a
consistent service, including our comprehensive fiber back-up.”

This
network is part of ICE Data Services’ connectivity offering. It provides
high-quality content, delivery, and execution services over a secure and
resilient network. It is specifically engineered for capital markets
to facilitate rapid and efficient data transmission from major liquidity

venues
worldwide.

ICE’s
expansion into providing ultra-low latency data services reflects the growing
demand for high-speed, reliable data connectivity

in the global financial
industry. By minimizing data transmission delays, financial
institutions can execute trades more efficiently and make informed
decisions in real-time. This initiative contributes to ICE’s mission of
connecting people to opportunities in the digital financial landscape.

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