KVH Expands Its Financial Services Product Suite With Addition Of MarketPrizm Portfolio
The continued developments in the financial markets, driven by regulatory changes, increasing competition and new market structures, have led to a rising need for flexible service providers that enable quick and efficient deployment across multiple exchanges and asset-classes in Asia and Japan.
MarketPrizm is a leading provider of low latency market data, colocation and managed trading infrastructure services in Japan, Greater Asia, Europe, and US. The addition of MarketPrizm services to KVH’s existing portfolio of ultra-low latency connectivity, proximity hosting and exchange colocation services allows KVH to offer a more comprehensive solution to its financial services customers. Through this partnership, KVH will be providing the following additional services available in July:
• Exchange colocation services in key Asian exchanges available in whole or partial racks
• Enhanced trading infrastructure services including hardware leasing, management, and OS support
• Market data* in multiple formats as well as data migration support
• A financial extranet (PrizmNet) connecting 30+ markets across Japan, Greater Asia, Europe, and US
With this partnership, KVH is now able to seamlessly and quickly provide financial services customers with either modular trading infrastructure components or fully managed on-demand turnkey network solutions depending on their requirements.
“This partnership underscores KVH’s commitment to the financial sector and its vision of being Asia’s leading information delivery platform. The combination of MarketPrizm’s expertise and deep penetration in the capital markets with KVH’s strength in low latency networks and data centers, provides a strong combination in addressing the increasingly demanding requirements of trading firms”, explains Ted Higase, KVH President and Chief Executive Officer.
“Our combined offering responds to market requirements for on-demand infrastructure solutions with reduced time-to-market, extensive market coverage across asset-classes and single vendor relationship,” adds Machifumi Kashiwagi, KVH VP Product Management.
“Market participants will now be able to access our combined solutions directly from KVH – removing the need to maintain multiple contracts and vendor relationships and thus making it easier for financial firms to outsource their trading setup to gain a competitive advantage and to focus on generating alpha,” said Jay Hibbin, Commercial Director at MarketPrizm.