Interxion has launched a free of charge test platform in its City of London data centre for firms looking to trade the London Metal Exchange (LME).
The testing capability is provided in conjunction with Marex Spectron, a leading global commodities broker and provider of market access and intelligence. The test environment enables firms considering trading the LME to connect to a test environment of the LME from Interxion’s City of London data centre campus – one of the main access points to the exchange.
The LME recently broadened access to its LMESelect trading platform, granting Category 3 and 4 members the ability to trade. These changes are designed to open up new trading opportunities and drive greater electronic volume. By offering a live testing environment with live tick data from Marex Spectron, Interxion and Marex Spectron are providing potential new LME clients with the opportunity to test the market before making an application to trade.
“Marex Spectron is a long-term partner of Interxion, and as the LME took the decision to become more accessible it was a natural progression to build this service in the interests of our customers and the LME,” comments Patrick Lastennet, Director, Financial Services, Interxion. “The LME is a volatile and hugely interesting market which offers significant opportunities for new clients. With low-latency access to the market provided from Interxion’s data centre, combined with raw market data sponsored by Marex Spectron, this zero-cost test solution is a compelling proposition for firms looking to trade on the LME.”
“Our partnership with Interxion offers a network and exchange access solution which is both fully tested and totally reliable,” explains Simon van den Born, Global Head of Metals, Marex Spectron. “Combine this with live market data and a tight trading front end, firms can benefit from a free of charge option of testing LME trading strategies, backed by two hugely reputable companies with market-leading expertise in this field.”
Connectivity for the new testing service will be provided by Colt, a leading provider of low latency connectivity for the financial services market.
