Electronic energy marketplace IntercontinentalExchange has opened a new London telecommunications hub.
The company said that the hi-tech hub had been designed to improve access and reduce connectivity costs to ICE’s electronic trading platform for current and prospective ICE market participants in the region.
The London location is the third telecommunications hub that ICE has opened, and follows a Chicago hub opened in January and a European hub outside of London which opened last year. ICE also plans to open hubs in Singapore in May and in New York in June.
Market participants can use these hubs to access ICE’s energy futures and over-the-counter (OTC) markets, and ICE can customize the bandwidth size for their connections, as well as the type of circuits they require to meet their specific data needs.