Colt adds low-latency TOCOM data feeds

Jason McGee-Abe
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Colt has become a market data provider for the Tokyo Commodity Exchange (TOCOM), which will launch alongside the scheduled migration of TOCOM’s derivatives trading to the J-GATE platform

The new data feed aims to attract high-speed traders to the J-GATE trading system operated by Japan Exchange Group. Firms with trading infrastructure will be able to access ultra-low-latency TOCOM ITCH 1 market data in raw format for all TOCOM products, including its key gold, rubber and oil contracts.

“Colt's ultra-low-latency market data solutions are ideal for market participants utilising latency-sensitive trading strategies, wherever they are based around the world, said Richard Man, head of solution sales, capital markets for Colt in Asia-Pacific.

“Traders can also explore potential trading opportunities by taking advantage of our 50+ market data feeds from exchanges around the world, as well as direct market access services at 50+ cross asset class venues and exchange colocation capabilities at 25+ venues globally.”

Trading firms can also take access connectivity and colocation services provided by Colt Services.

Man added: “Our full range of services make arbitrage strategies between TOCOM and CME more manageable, including colocation, market data and ultra-low-latency connectivity between Japanese colocation venues and the 350 East Cermak and CME Aurora data centres in Illinois.”

Mitsuhiro Onozato, TOCOM executive officer, said: “Through the joint use of the JPX system, we will have a one-stop environment that allows for high-speed trading and market data services leveraging connectivity with exchanges inside and outside of Japan. With this environment, the new market data service provided by Colt will provide greater convenience to TOCOM participants, something we are very grateful for and expect will lead to a significant increase in TOCOM's trading liquidity. GTB