The pan-European market infrastructure Euronext today announced the successful launch of its new London-based microwave service, the Euronext Wireless Network (EWIN).
Euronext is the first exchange in Europe to offer “Plug & Play” order entry in London via microwave technology. This service is set to significantly improve the speed of order transmission between London, UK and Bergamo, Italy, where Euronext’s central data center is located, offering unparalleled latency improvements for Euronext’s London-based members.
The Euronext Wireless Network (EWIN) is a fully elastic service with 100% redundant fibre, providing microwave order submission from London Equinix LD4 to Bergamo Aruba IT3 in less than 4 milliseconds. This new service is provided in partnership with McKay Brothers, Europe’s largest independent microwave network provider.
The EWIN microwave network represents a major technological advance in the field of financial services. Leveraging the fastest transmission speeds of microwave technology, EWIN provides an instant and highly efficient communication channel that significantly reduces the time required to send orders to Euronext’s single liquidity pool, powered by the single Optiq® technology platform.
EWIN combines several key benefits, giving Euronext members a technological edge in the fast-paced world of financial trading. First of all, the service is designed with full direct processing (STP). EWIN also has full fiber support, making it 100% durable. EWIN significantly reduces latency, ensuring faster and more reliable order execution. Finally, it creates a direct microwave link between London and Bergamo, two major financial data hubs in Europe.
Goldman Sachs and Morgan Stanley have confirmed the development of the new technology since its launch date.
Stéphane Boujnah, CEO of Euronext and Chairman of the Board of Directors of Euronext, said:
“Euronext is constantly investing and innovating to improve access to its markets, which offer the largest pool of liquidity in Europe covering seven European markets, a unified order book, technology platform and harmonized rulebook.
The launch of the Euronext Wireless Network, known as EWIN, marks a major milestone in Euronext’s commitment to innovation and excellence in financial markets. With EWIN, we are strengthening our technology infrastructure to strengthen Euronext’s position as the leading listing and trading venue in Europe and provide our members with the tools they need to thrive in an increasingly competitive environment.”
Stéphane Tyč, co-founder of McKay Brothers and Quincy Data, said:
“We are honored to support the creation of a pioneering wireless order entry offering by Euronext. This will contribute to a more level playing field, democratize cutting-edge technologies and improve the efficiency of markets for investors.”