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

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: GenAI and LLM case studies for Surveillance, Screening and Scanning

As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results – and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and LLMs promise to tackle complexity and volume at a scale never seen before. But...

BLOG

Banks Should Optimise Collateral in 2026 to Lay the Groundwork for Greater Efficiency and Innovation

By James Pike, Chief Revenue Officer and Head of Strategy, Taskize. Collateral teams have been tested in 2025. Banks have weathered multiple bouts of high volatility, including the fallout from ‘Liberation Day’ and sell-offs over fears of a possible AI bubble. Sharp spikes in volatility across multiple asset classes have the potential to disrupt collateral...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...