BT is world’s largest financial services cloud provider with 15,000 member sites

BT has announced that its BT Radianz dedicated financial services cloud now reaches 15,000 member sites globally, consolidating its position as the world’s leading managed cloud for the financial services community. BT's Radianz cloud now supports the largest secure networked financial community in the world. This includes over 3,000 applications provided by over 400 service and content providers to users in 64 countries today.

The surge in member sites has been delivered through three key activities: a renewed focus on the Foreign Exchange (FX) sector; a focus on services in and to the Asia Pacific region; and helping customers respond to regulatory changes around the world. Demand from the FX community has increased significantly over the past year, with higher volumes prompting institutions to improve access to data and trading venues.

During the year, BT targeted and developed services with key application providers through recognising the value that their applications bring to the wider member base.

José Antonio Martinez, managing director of Radianz & Payments, BT Global Services, said: “We’re totally committed to satisfying the needs of the financial services industry through the provision of a world-class service and will continue to innovate and listen to the needs of our customers.

“The recent uplift in demand from FX market participants to use this service confirms our position as the preferred partner for fast and secure access to the global FX community. Watch this space as we announce further innovative products and services this year.”

Larry Tabb, CEO of leading financial markets research and advisory firm TABB Group, said: “The strength of a financial markets network is demonstrated by the number of secure endpoints and the ease of connecting exchanges, brokers, investors, and service providers. Surpassing 15,000 global member location connections is a feat demonstrating BT Radianz Managed Infrastructure’s leadership in providing secure, financial markets managed connectivity.”