About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Level 3 Goes Last Mile to LSE

Subscribe to our newsletter

A bit more insight into the Level 3/London Stock Exchange news today.  After previously relying on others – competitors – to provide last mile connectivity to the LSE’s co-location centre, the connectivity provider now owns that segment.  While that means slightly lower latency, the main benefit is related to control and management, so Level 3 can now offer a service level agreement with greater confidence, and faster network set up.

For its part, the LSE likes the increased connectivity into its co-lo, so it can offer greater choice to its customers.  Level 3 is a “welcome addition,” says Nigel Harold, head of business development for the exchange’s Technology division, and joins AboveNet, BT, Colt, euNetworks, Geo Networks and Verizon on its network providers list.

Says Level 3’s director of regional business development, Ashley Atkins, its ownership of networks in Europe and North America, and a transatlantic route, provides benefits to customers, since it can better manage a global network and provide a more robust SLA.

The LSE’s co-lo centre, located in the city, is host to the LSE’s main market and its Turquoise pan-European trading facility (running on its new MillenniumIT platform) as well as matching systems for Borsa Italiana and Oslo Børs (running on the older TradElect technology).  Its co-lo community comprises sell-side member firms, non-member HFT operations, prime brokers, and data/solution providers, says Harold.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

Sustainable Trading to Wind Down, Leaving ESG Legacy for Trading Industry

Sustainable Trading, the non-profit membership network created to drive environmental, social, and governance (ESG) best practices within the financial trading industry, is set to close its doors. The decision, which comes just over three years after its high-profile launch, was confirmed following a board recommendation and subsequent member vote at an Extraordinary General Meeting on...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Dealing with Reality – How to Ensure Data Quality in the Changing Entity Identifier Landscape

“The Global LEI will be a marathon, not a sprint” is a phrase heard more than once during our series of Hot Topic webinars that’s charted the emergence of a standard identifier for entity data. Doubtless, it will be heard again. But if we’re not exactly sprinting, we are moving pretty swiftly. Every time I...