Radianz connects GCC traders
BT’s trading platform will give Gulf global connectivity.
Etisalat and BT (British Telecom) have launched BT's Radianz trading services in the UAE.
In cooperation with Etisalat, BT will establish a platform that distributes services from the UAE exchanges to BT clients connected to the Radianz Shared Market Infrastructure.
The portfolio of services will provide financial institutions from around the world with connectivity to institutions and trading platforms in the Gulf region.
Previously, connecting to the Gulf region has presented operational challenges involving complex installations and significant investment.
François Barrault, CEO of BT Global Services, said: "BT is very happy to have the opportunity to increase its investment in the United Arab Emirates as it demonstrates its ongoing commitment to the financial markets. The launch of Radianz Services in the UAE will act as a catalyst for future investment in the Middle East.
"The service capitalises on the UAE's role as a liquidity hub for the Gulf and the increasing number of exchanges trading securities, commodities and energy products. Etisalat represents an excellent partner to introduce our Radianz Services to financial companies in the UAE."
The BT Radianz platform supports 10,400 financial sites around the world, providing traders with connectivity to more than 550 applications from 255 of the world's leading financial content and service providers, including the top 10 global stock exchanges, the top 50 global broker-dealers, and 48 of the top 50 global asset managers.
The Radianz Shared Market Infrastructure is designed to offer low latency access to market data, trade execution and trade cycle applications and services.
Abdullah Hashim, vice president, marketing - enterprise services, Etisalat, said: "Etisalat understands the need and value of end-to-end solutions based on well-known industry standards."
He added: "The partnership with BT to extend Radianz Shared Market Infrastructure is yet another initiative towards this direction and reflects our commitment to satisfying the requirements of the financial community.
"The Radianz offering will take advantage of Etisalat's leading-edge network infrastructure and leveraging BT's global community of financial institutions and service providers to offer international connectivity for this specialised segment in the UAE."