The financial services sector is currently undergoing unprecedented levels of change. Regulatory drivers both in Europe and the USA, as well as the G20 commitments towards greater transparency in the financial markets have seen a raft of new regulations coming into force, with more regulation expected by 2016. Reforms previously undertaken in the equities world are now sweeping the derivatives and asset classes, as regulators are keen to push trading activity on exchange, making markets increasingly electronic.
FINANCIAL SERVICES IN THE QUEST TOWARDS REGULATORY COMPLIANCE
As financial services participants concentrate their efforts on regulatory compliance, clear challenges arise. Electronic trading infrastructures for various asset classes are emerging, while low-latency connectivity to key trading venues remains very important. At the same time ‘heads of risk’ or ‘chief technology officers’ need to ensure that even the non-critical IT infrastructure is in place to deal with the management of reference data, ensuring trade reporting is carried out in a timely manner and trading data is stored in accordance with regulatory guidelines and timelines.
DIVERSE, LOW-LATENCY CONNECTIVITY
LondonColo is central London’s newest financial services data centre in a decade offering financial services firms an ideal and conveniently located colocation and hosting infrastructure. LondonColo offers excellent diverse, low-latency connectivity to key trading venues. LondonColo’s power supply of 33kV from two separate parts of the national grid as well as partnerships with the world’s leading carriers, make LondonColo London’s most resilient and connected data centre.