18th September, 2003
royalblue first with approval for new LSE vendor
access solution
royalblue, the market
leading provider of global equity trading software
and market-data systems, has become the first
vendor to be approved by the London Stock Exchange
for their new Vendor Access solution.
Vendor Access allows vendors like royalblue
to share the London Stock Exchange communications
infrastructure across a number of trading members.
This allows a more cost effective and resilient
solution to be provided, which is especially relevant
for the smaller broker. The Vendor Access solution
is much more flexible than the standard hosted
solution where every client has to have a completely
separate communications installation.
Russell Thornton, European Markets Manager of
royalblue said: “We are
very pleased to be able to offer this new service
to our clients. It is particularly relevant in
the current climate where cost savings are paramount.
The Vendor Access service allows royalblue
to pass on the economies of scale to our clients".
royalblue has been hosting client
trading systems in FidessaNet for the last 3 years
in its dedicated, secure data centres. Clients
hosting their systems with royalblue
range from large international trading houses
to smaller domestic market makers and retail brokers.
The data centres also house member connections
to all of the other major European markets using,
where possible, multi-member infrastructure to
minimise cost and maximise resilience.
David Lester, Chief Information Officer at the
London Stock Exchange said "We are delighted
to welcome royalblue as an accredited
Vendor Access Network provider of trading connectivity
to the Exchange. VAN allows a greater choice of
connectivity options for customers and we look
forward to working with royalblue
to promote access to our markets."
