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LME and Colt collaborate to launch LMEnet
September 2014 by Marc Jacob
The London Metal Exchange (LME) is working with Colt Technology Services to launch LMEnet, a dedicated network that will provide market participants a fast, reliable and secure connection to the Exchange’s electronic systems, including LME Clear.
LMEnet will be underpinned by Colt’s dedicated trading network service, PrizmNet, and will support three tiers of connectivity options for LME users according to their performance and latency requirements. LMEnet also features Colt’s new service management tool, which enables users to monitor latency and bandwidth use with significantly increased granularity.
Colt is an established leader in delivering integrated network, data centre, voice and IT services. Its network services link the trading cities of Europe and Asia, and connect Colt’s 20 carrier neutral data centres.
The LME expects to move users to the new system within nine months of Colt’s technology being deployed and tested, with migration slots available from October 2014.
