The partnership signals Colt’s increased and growing coverage in Central and Eastern Europe
London, UK, 02 July 2019 – Colt Technology Services has today announced a partnership with the Warsaw Stock Exchange (GPW), which operates the biggest markets in Central and Eastern Europe, now making it accessible via PrizmNet, Colt’s financial extranet.
As a PrizmNet provider, GPW’s clients will now have rapid, cost-effective access to Colt’s high bandwidth, low latency connectivity as well as a global financial markets ecosystem of key equity trading venues and service providers. These services include:
Order routing and execution services
Market data feeds
MiFID II and other regulatory compliance services
Cloud services
Software, analytics and data management services
The Warsaw Stock Exchange Group (GPW Group) operates trading platforms for shares, Treasury and corporate bonds, derivatives, electricity and gas, and calculates the benchmarks WIBOR and WIBID.
For Colt, the partnership with GPW marks the latest in a series of Colt PrizmNet providers, including the Belgrade, Budapest, Kazakhstan, Prague, Slovenia, Zagreb and Vienna Stock Exchanges. By continuing to strengthen its capital markets coverage in Central and Eastern Europe, Colt is providing global and local organisations with simpler, more cost-effective access to critical venues in the region.
This collaboration also follows the wider organisation’s investment in the region, with Colt having recently announced an expansion of its IQ Network to Central and Eastern Europe. This expansion will connect major hubs in the region with more than 7,000km of new fibre infrastructure. The cities which will be connected include; Sofia (Bulgaria), Zagreb (Croatia), Brno (Czech Republic), Prague (Czech Republic), Budapest (Hungary), Krakow (Poland), Warsaw (Poland), Bucharest (Romania), Belgrade (Serbia) and Bratislava (Slovakia).
“GPW’s newly established relations with the renowned partner Colt, providing access to its global network PrizmNet, will diversify the GPW’s offer of telecommunication vendors. We want to open the broadest possible access to GPW markets, where every client can find a service provider addressing the client’s need for services,” said Izabela Olszewska, Member of the Management Board of the Warsaw Stock Exchange.
“Financial institutions are eager to connect to GPW using Colt PrizmNet, whose high bandwidth, deterministic low latency access is a cost-effective choice compared with other options,” said Matthew Reinholds, Colt’s Head of Capital Markets for the US and Europe. “We know our partnership with GPW is welcomed by local brokers as well as by businesses elsewhere in Europe and the US, who want easier access to this important Central and Eastern European market.”
Colt PrizmNet connects a global capital markets ecosystem of 140+ exchanges, venues and service providers; and 10,000+ market participants.
About Colt
Colt aims to be the leader in enabling customers’ digital transformation through agile and on-demand, high bandwidth solutions. The Colt IQ Network connects 900+ data centres across Europe, Asia and North America’s largest business hubs, with over 27,500 on net buildings and growing.
Colt has built its reputation on putting customers first. Clients include data intensive financial market organisations with stringent requirements around speed and latency for the financial markets on a global scale spanning over 213 cities in more than 30 countries. Our team of Capital Markets experts works closely with customers to understand their challenges and regulatory requirements, delivering a solution that meets their specific needs.
Colt is a recognised innovator and pioneer in Software Defined Networks (SDN) and Network Function Virtualisation (NFV). Privately owned, Colt is one of the most financially sound companies in its industry and able to provide the best customer experience at a competitive price. For more information, please visit www.colt.net.
About WSE
Warsaw Stock Exchange (GPW) has over 25 years of experience, operational reliability and a wide range of products, which makes it one of the most recognizable Polish financial institutions worldwide. Almost a thousand of domestic and foreign issuers’ shares, Treasury and corporate bonds are listed on GPW markets. Above that, Group offer includes trading in derivatives, structured products and distribution of market data. A commodity market, including one of the most liquid electricity market in Europe, plays an important role in GPW Group.
On 24 September 2018, the global rating agency FTSE Russell promoted Poland from Emerging Markets to Developed Markets. The promotion puts Poland among the world’s 25 developed economies. In addition, Stoxx, the Deutsche Börse Group index operator, also promoted Poland to Developed Markets on the same date. Eight Polish WIG20 stocks were included in the Stoxx Europe 600 portfolio. The decisions of FTSE Russell and Stoxx represent a fundamental change in the perception of Poland by global investors. The promotion of Poland will attract new investors to Polish stocks and open opportunities for the entire capital market. For more information, visit www.gpw.pl.
Press Contact:
Nola Pocock – Director – Global Communications, PR & AR
+447917714377 nola.pocock@colt.net
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