Extranets for the Capital Markets: The Two Generations of Connectivity (Analyst Insight)

Introduction

Despite the global financial crisis and sharp economic downturn in the US and UK, there are a number of new entrants into the financial extranet market. Thus report looks at this space and surveys the competitive landscape to understand how it is evolving and where there are opportunities for technology vendors to win business as a result of this trend.

Scope

*Telcos, trading venues, content and application providers

*Automated trading

Highlights

The US is, if anything, already in a second or third wave in this process, the initial alternative trading venues there having been acquired by the incumbent exchanges in the middle of this decade, only for a new generation to emerge with names like DirectEdge and BATS.

Reasons to Purchase

*Ggain an insight into how financial extranet technology is evolving.

*See who the new players coming into the market are and what they are bringing to the competitive environment.


Report Highlights

[Studien Infos ausblenden]

Overview 1
CATALYST 1
SUMMARY 1
OVUM VIEW 2
INTRODUCTION 3
LEGISLATION HAS PROVOKED FRAGMENTATION OF LIQUIDITY 5
AUTOMATED TRADING ARISES IN RESPONSE, DRIVING DATA VOLUMES 5
analysis 7
BENEFITS OF COMMUNITY OF INTEREST EXTRANETS IS BASED ON SIZE 7
THE VALUE OF SECOND-GENERATION EXTRANETS IS LOW LATENCY 8
SOME COMMUNITY OF INTEREST EXTRANETS SEEK TO BE ONE-STOP-SHOPS 10
COMPETITIVE LANDSCAPE 11
COMMUNITIES OF INTEREST 11
BT 11
NYSE Euronext 13
Savvis 15
IPC 15
Orange 16
Atrium Network 18
QuantHouse 18
LOW-LATENCY CONNECTIVITY VENDORS 19
Reliance Globalcom 19
Exponential-e 21
AboveNet 21
RECOMMENDATIONS 23
Data center operators 23
Content providers 23
Application providers 23
Monitoring and measurement vendors 23
APPENDIX 25
DEFINITIONS 25
METHODOLOGY 29
FURTHER READING 29
ASK THE ANALYST 29
OVUM CONSULTING 30
DISCLAIMER 30
List of Figures
Figure 1: The generic concept of an extranet 3
Figure 2: How a first-generation financial extranet works 4
Figure 3: How a second-generation financial extranet works 9
Figure 4: Ultra Access expands the Radianz offering to low latency 12
Figure 5: The SFTI Network is in the US and Europe, with plans to expand to Asia-Pacific 14
Figure 6: Orange touts its Layer-2 network with predefined routes for low latency 17
Figure 7: Reliance Globalcom builds on the Yipes Ethernet connectivity service 20
Figure 8: AboveNet says its direct fiber and reduced number of hope means low latency 22

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List of Figures
Figure 1: The generic concept of an extranet 3
Figure 2: How a first-generation financial extranet works 4
Figure 3: How a second-generation financial extranet works 9
Figure 4: Ultra Access expands the Radianz offering to low latency 12
Figure 5: The SFTI Network is in the US and Europe, with plans to expand to Asia-Pacific 14
Figure 6: Orange touts its Layer-2 network with predefined routes for low latency 17
Figure 7: Reliance Globalcom builds on the Yipes Ethernet connectivity service 20
Figure 8: AboveNet says its direct fiber and reduced number of hope means low latency 22
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