Exchange Hosting the FASTEST ROUTE to OUR MARKETS Exchange Hosting – London & Milan

Exchange Hosting THE FASTEST ROUTE TO OUR MARKETS Exchange Hosting – London & Milan

Key features

What is Exchange Hosting? Who is it for? What are the key benefits for clients?

Exchange Hosting provides the Exchange Hosting is available to The service provides clients with fastest route possible to the London all trading participants (members the lowest latency connectivity Stock Exchange Group’s markets. and non-members) in London and option, helping to manage risk and Clients colocate their equipment Milan and also information vendors improve certainty of execution for directly within the same datacentre in London. The Hosting service is their programmed trading strategies. as the matching engines and market popular amongst proprietary trading The service also offers a secure and data for lowest latency access. firms and desks, as well as prime resilient data centre environment for brokers, and is now home to a large key systems and hosts a community community of low latency users. of prime brokers providing trading and other support services to non- members.

Exchange Hosting LONDON and MILAN Exchange Hosting is the London Stock Exchange Groups lowest latency connectivity option for firms seeking the Customer benefits of co-locating fastest possible access to its markets. The Group has two with the Exchange co-location facilities: Clients today experience a number of significant • A fully owned and operated City of London datacentre benefits when choosing to host within the Group’s serving the London Stock Exchange, Turquoise and Oslo datacentres. Børs1 markets; and • A datacentre in Milan for clients wishing to access • The Group’s data centres are resilient and Borsa Italiana’s MTA, ETF Plus, MOT, SEDEX and IDEM maintained to a very high standard with excellent derivatives market. up-time history;

Exchange Hosting has been an instrumental component of • The facilities are strategically and centrally located the Group’s strategy to increase the flow of liquidity onto its to achieve good average latency to multiple trading markets by reducing round trip latency times and increasing venues; the likelihood of successful trading strategy execution. The service has enhanced and extended the Group’s range • Our flexible connectivity model provides access to a of connectivity options and gives flexibility to participants range of industry leading low latency domestic and to connect to their hosted equipment through a choice of European carriers; industry leading carriers. • High capacity 10Gb cross connectivity to trading Exchange Hosting enables trading participants to physically and information services; and locate their servers within the Group’s datacentre facilities, providing low microsecond access to trading platforms • Low latency access to a growing community and real-time market data services. Round-trip connectivity of prime brokers to facilitate trading and other latency is below 30 microseconds for clients, the fastest essential support services for non-members. performance possible due to the physical closeness of client and Exchange servers.

1 Olso Bors is not part of the London Stock Exchange Group markets.

Exchange Hosting Exchange Hosting Design Overview

ACCESS TO LOW Exchange Hosting MULTIPLE TRADING LATENCY ASSET CLASS MARKETS PLATFORM NETWORK CUSTOMER HOSTED ULTRA LOW LATENCY CARRIERS CABINETS

UK & IOB Cash Equity Fixed Income Millennium Exchange CHOICE OF MULTIPLE LOW LATENCY CARRIERS Pan European Cash Equity Currently Other trading venues • AboveNet Russian and • BT UK Derivatives • COLT SOLA • EU Networks • Geo Networks Norwegian • Level 3 Derivatives • Verizon Customer data centre

Norwegian Cash Equity TradElect

LONDON

LONDON TO MILAN NETWORK LINK

Italian CHOICE OF MULTIPLE Millennium Cash Equity LOW LATENCY CARRIERS Other trading Exchange Fixed Income Currently venues • BT • Colt • Eunetworks Italian • Fastweb SOLA Derivatives • Interoute • Level 3 Customer data • Retelit centre • Verizon MILAN

World leading matching engines and market data systems Turquoise cash equity markets have a Sponsored Access The London Stock Exchange UK, AIM, International cash service for enabling direct connectivity to the respective equity markets and Turquoise pan European cash equity trading systems with Exchange-level pre-trade risk checks. market operate on the Groups Millennium Exchange trading This service further enhances the opportunities for clients platform. Developed by London Stock Exchange Group’s wishing to participate in the Groups markets from within the leading trading technology business, Millennium IT, the Exchange Hosting Service. trading platform offers the Exchange’s clients superior technical performance, consistently low-latency and Added value services to assist clients to trade multiple enhanced functionality with common interfaces. market strategies The requirement for data from multiple trading venues has The Group’s derivatives platform SOLA is used for Borsa also significantly increased. To ensure clients are able to Italiana IDEM, Turquoise Russian and UK derivatives and trade multiple market strategies from within the Exchange Oslo Børs Norwegian Derivatives markets. The platform Hosting Service in London, the Exchange provides an ultra offers clients high performance and a highly resilient design low latency Market Data and Order Routing Service to all with a broad range of functionality. major European and US execution venues.

In addition to the DMA access model which will remain available to non-members, the London Stock Exchange and

Exchange Hosting Other products and services offered by the London Stock Exchange Group within the connectivity solutions are:

Customer Certification STX and Testing Services The essential voice network

Customer Certification STX and Testing Services THE ESSENTIAL VOICE NETWORK PUTTING YOUR SYSTEMS THROUGH THEIR PACES Putting your systems through their paces

Direct Connectivity Direct and dedicated Direct Connectivity DIRECT AND DEDICATED ACCESS TO TRADING AND INFORMATION access to trading and information

For more information about the whole connectivity offer visit: www.londonstockexchange.com/connectivity

Contact For further information on the Exchange Hosting product please contact:

Andrew Bailey Exchange Hosting and Proximity Services Product Manager T +44 (0)20 7797 4114 E [email protected] W www.londonstockexchange.com/hosting

The content of this material is not offered as advice on any particular matter and must not be treated as a substitute for specific advice. The London Stock Exchange attempts to ensure that all information used in this material is accurate and reliable, however all information is provided “AS IS” and on an “AS AVAILABLE” basis and may not be accurate or up to date. The information provided by the London Stock Exchange may or may not have been prepared by the Exchange but is made available without responsibility on the part of the London Stock Exchange. No responsibility is accepted by or on behalf of the London Stock Exchange plc or any of its group undertakings for any errors, omissions, or inaccurate information. Neither London Stock Exchange plc nor any of its group undertakings make any representations and the London Stock Exchange plc and each of its group undertakings disclaims all express, implied and statutory warranties of any kind, including warranties as to accuracy, timeliness, completeness, merchantability or fitness for any particular purpose. Except as is otherwise indicated, the Exchange is the owner of the copyright in all the information and of all related intellectual property rights, including but not limited to all database rights, trade marks, service marks and logos.

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