NEW YORK, Feb. 21, 2017 /PRNewswire/ -- BT today announced
that it is linking up the world's five main foreign exchange (FX)
locations to help boost the competitiveness of its global financial
industry customers. The company is now offering BT Radianz FX
express, dedicated high-speed links between financial hubs in the
UK, US, Singapore, Japan and Hong
Kong involved in almost 77 per cent of the world's FX
trading*.
The new Radianz FX express service offers low-latency and
cost-effective, fully managed connectivity that will give traders
faster access to market data across the five locations, while
making it easier for them to execute trades. In an industry
where delays of milliseconds can cost millions of pounds, dollars
or yen, this can make significant differences to a firm's
efficiency, profit and growth.
Radianz FX express links directly into the five key third-party
global datacentres in the FX trading world. These datacentres
have been selected by BT because they host the IT infrastructure of
significant clusters of the FX trading community in each of the
locations.
Hubertus von Roenne, vice
president, global industry practices, BT, said: "Foreign exchange
is the largest asset class by value traded globally. An
average of US $5.1 trillion is traded
on FX markets every day*. We've created managed BT Radianz FX
express routes to boost the competitiveness of our financial
services customers. With dedicated links within and between
the world's five biggest FX trading locations, BT can help FX firms
lower costs while creating opportunities for international
growth."
Radianz FX express is the latest addition to the BT Radianz
portfolio of services. This is designed and built
specifically for the high-speed, high-performance delivery of
market data and trading applications.
The portfolio includes the BT Radianz Cloud — the world's
largest secure networked financial community — that offers its
members access to thousands of applications and services from more
than 400 providers critical to the everyday running of the global
financial sector. The Radianz Cloud allows fast, secure,
reliable access to foreign exchange applications and services
around the world including more than 40 FX trading venues. These
venues allow financial services institutions to trade 99 per cent
of currency pairs, for example USD/EUR (US dollars to euros), or
GBP/JPY (pound sterling to yen). Furthermore, BT offers
managed hosting in more than 20 data centres globally via its BT
Radianz Hosting capabilities.
The investment is part of BT's 'Cloud of Clouds' portfolio
strategy aimed at helping large organisations connect easily and
securely to the applications and data they need, regardless of
where they are hosted.
*Source: 2016 BIS Triennial Central Bank Survey,
http://www.bis.org/publ/rpfx16fx.pdf
BT's portfolio strategy: the Cloud of Clouds
The
cloud is creating choices that never existed before. Through
understanding those choices comes the confidence and the ability to
harness change and do things that matter: get to market and
innovate faster, keep costs down, and keep customers happy.
BT's Cloud of Clouds portfolio strategy is about allowing
customers to connect easily and securely to the applications and
data they need, regardless of where they're hosted and where they
are based.
As a cloud service integrator, we help customers move
confidently and successfully along their cloud journey whilst
minimising the complexity, risk and cost; to give them a choice of
roadmaps that work for their organisation, in a way that will
deliver the results they need.
We manage the whole process from network to cloud, we deal with
third parties, deliver performance and security and simplify
pricing, all under a single Service Level Agreement.
Click here for more information on the Cloud of
Clouds.
For further information
Enquiries about this news
release should be made to the BT Group Newsroom on its 24-hour
number: 020 7356 5369. From outside the UK dial + 44 20 7356 5369.
All news releases can be accessed at our web site:
http://www.btplc.com/News
About BT
BT's purpose is to use the power of
communications to make a better world. It is one of the world's
leading providers of communications services and solutions, serving
customers in 180 countries. Its principal activities include the
provision of networked IT services globally; local, national and
international telecommunications services to its customers for use
at home, at work and on the move; broadband, TV and internet
products and services; and converged fixed-mobile products and
services. BT consists of six customer-facing lines of
business: Consumer, EE, Business and Public Sector, Global
Services, Wholesale and Ventures, and Openreach.
For the year ended 31 March 2016,
BT Group's reported revenue was £19,042m with reported profit
before taxation of £3,029m.
British Telecommunications plc (BT) is a wholly-owned subsidiary
of BT Group plc and encompasses virtually all businesses and assets
of the BT Group. BT Group plc is listed on stock exchanges in
London and New York.
For more information, visit www.btplc.com
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SOURCE BT