Colt expands capital markets offering into Latin America

Colt Technology Services is expanding its capital markets offering into Latin America, giving 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 – via Colt PrizmNet.

By continuing to strengthen its coverage in the Americas, Colt is providing global capital market data vendors and trading firms with simpler, more cost-effective access to critical venues in the region. This expansion makes 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 10,000+ participants.

Investors from across the world can now easily access connectivity, trading and market data across multiple asset classes from this critical global market. The financial services market in the region has experienced significant growth in recent years, with Brazilian capital markets going through a period of expansion, and more than 44 companies listing on the Brazilian Stock Exchange this year, compared to 28 in 2020. The number of retail investors has also grown significantly, from 700,000 in 2018 to more than 3.8 million this year.

Colt’s Segment Director, Capital Markets & Asia, Matthew Reinholds, said: “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 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. PrizmNet also provides a scalable, secure, and reliable platform to rapidly connect and support market participants in areas such as multi-market trading, data, best execution and algo testing.

Colt PrizmNet is underpinned by the Colt IQ Network – 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. With flexibility and agility to meet the market’s requirements, Colt continues to enhance its connectivity offering to ensure its market leadership across the world.

Recognised as a Visionary in the Gartner 2021 Magic Quadrant for Network Services, Colt also received Frost & Sullivan’s 2021 European Customer Value Leadership Award. The company’s recent industry-leading Net Promotor Scores (NPS) reflect Colt employees’ high motivation and the Financial Times’ Diversity Leaders list rated Colt first in the telco industry.