royalblue first with approval for new LSE vendor access solution
London, 18th September 2003 - 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."