London - BT has announced a new addition to its BT Radianz Cloud portfolio, and enhancements to its BT Radianz Proximity services intended to extend the footprint of its hosting capabilities at non-BT datacentres. Known collectively as BT Radianz Venue, the suite of new and enhanced services aims to help customers address the challenges of liquidity, fragmentation and new trading opportunities while enhancing trade execution performance.

BT Radianz Venue consists of three services: BT Radianz Venue Interconnect, BT Radianz Venue Access and BT Radianz Venue Presence.

BT Radianz Venue Interconnect is a new service that offers low latency between trading venues within the same city, and between different cities worldwide. It is used by customers currently located at, or in close proximity to these venues, to connect to counterparties and with other parts of a customer's own trading infrastructure. It includes monitoring to micro-second level using probes deployed in each venue.

BT Radianz Venue Access now allows connectivity to the BT Radianz Cloud from 40 non-BT hosting centres worldwide that have been identified as venues where significant clusters of capital markets community customers are present, including the data centres of Exchanges. This represents a ten-fold increase in the number of non-BT hosting locations where BT has pre-provisioned infrastructure to readily offer BT Radianz services.

BT Radianz Venue Presence is an extension of the BT Radianz Proximity hosting proposition, previously only offered at its own venues. This allows BT to manage a client's server and connectivity infrastructure that is hosted in venues served by BT Radianz Venue Access and Interconnect.

Key to this family of capabilities is that users can gain fast, secure access to and between trading venues internationally that are linked to the BT Radianz Cloud.

Tom Regent, President, Global Banking & Financial Markets and Sales & Marketing, BT, said: "All our portfolio innovations are designed to address industry challenges and meet customer needs. By offering the fastest routes to support best execution of trades, BT Radianz Venue is a great example of how BT is helping its customers gain faster, closer and smarter access to the global financial markets. These are fully managed solutions, helping our customers to gain savings on their total cost of ownership (TCO) of communications by as much as 50 per cent year-on-year by using the BT Radianz Cloud instead of a DIY solution."

BT Radianz Venue will initially be deployed at locations in Asia Pacific, Europe, LATAM and North America.