About a-team Marketing Services

A-Team Insight Blogs

Colt Adds More Destinations To PrizmNet

Subscribe to our newsletter

Last month’s hire of Andrew Housden as vice president of capital markets appears to be just the first step in expanding the Colt Capital Markets unit of network and communications provider Colt Technology Services.

Colt Capital Markets is leveraging Colt Technology Services’ co-location capability for distributing market data in support of best execution of trades. The capital markets unit’s PrizmNet financial services extranet service has its origins in MarketPrizm, which Colt acquired in 2011.

In the past 12 months, Colt has added 20 more providers to PrizmNet, raising its total to more than 70, according to Andrew Young, global head of solution sales for capital markets at Colt Technology Services, who reports to Housden. By pairing the pathways acquired from MarketPrizm with Colt’s telecom assets, PrizmNet became “truly global,” Young says. “We were able to fast track that because we already were distributing content and market data across 50 different markets and exchanges.”

Colt works with the consolidation of strategic data centers that has occurred in the past few years, Young explains. “The capital markets community now goes after a small number of physical locations,” he says. “We made sure our points of presence center around those key co-location facilities. But also because we built the underlying service on our own network that we own, we can be very aggressive around delivery times and speed to markets, while providing strong service levels, because we have that end-to-end control, since the underlying infrastructure is our own physical assets.”

The additions to PrizmNet are coming from more asset classes than before, according to Young, which dovetails with upcoming MiFID II regulation that imposes more rules like those for equities onto derivatives and other asset classes. “OTC products and asset classes are moving toward more exchange-type environments,” he says. “We’re on boarding a lot of providers in those asset classes as well as service providers that have solutions for upcoming regulation.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: High-Performance Networks & Low-Latency Connectivity for Trading

With financial markets becoming more complex and interconnected in today’s electronic trading environment, trading firms, exchanges, and infrastructure providers need to continually push the boundaries of network performance to stay ahead. Ultra-low latency, seamless connectivity, and resilient infrastructure are no longer just advantages – to stay competitive, they’re necessities. This webinar, part of the A-Team...

BLOG

big xyt Withdraws from EU Equities CTP Bid After Strategic Review

big xyt, the independent provider of market data and analytics, has withdrawn from the bidding process to become the European Consolidated Tape Provider (CTP) for Equities and ETFs, citing a lack of sufficient financial backing to support its continued participation. The company formally entered the competitive tender earlier this year, positioning itself as a strong...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...