Euronext announced the 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 enhance the speed of order transmission between London, UK, and Bergamo, Italy, where Euronext’s core data center is located.
The Euronext Wireless Network (EWIN) is a fully resilient service with 100% fiber back-up, providing order submission via microwaves from London Equinix LD4 to Bergamo Aruba IT3 in less than 4 milliseconds. It also significantly reduces the time it takes to send orders to Euronext’s single liquidity pool. This new service is provided in collaboration with McKay Brothers, the largest independent microwave network provider in Europe.
Stéphane Boujnah, CEO and chair of the Managing Board of Euronext, said in a statement: “Euronext continuously invests and innovates to improve access to its markets, which offer the largest liquidity pool in Europe covering seven European markets, a unified order book, technology platform and harmonized rule book…With EWIN, we are enhancing our technological infrastructure to reinforce Euronext’s position as the leading listing and trading venue in Europe, and to 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 in a statement: “This will contribute to a more level playing field, democratize cutting-edge technologies, and improve the markets’ efficiency for investors.”