BT Radianz Brings Millisecond High Speed Trading with the Launch of Radianz Ultra Access

New Service Provides Fully Managed High Speed Connectivity to Enhance Advanced Trading

NEW YORK, March 19 -- BT Radianz, a leading global provider of financial services connectivity, today announced the launch of Radianz Ultra Access, a high speed, fully resilient service that provides ultra low latency connectivity between exchanges and brokers in the New York metropolitan area. Radianz Ultra Access will allow transaction speeds of approximately one millisecond between local market participants and leading market data / execution venues that will include Boston Options Exchange, BATS ECN, International Securities Exchange, The NASDAQ Stock Market, New York Stock Exchange and NYSE Arca, amongst others.

BT Radianz developed Radianz Ultra Access to provide highly resilient, extremely low latency network connections in response to the growing use of algorithmic and black box trading strategies, including direct market access (DMA) by broker-dealers, asset managers, prime brokers and hedge funds. Radianz Ultra Access provides clients with three key capabilities: managed services that reduce latency by fifty percent, guaranteed speed and availability, and an enhanced electronic trading environment that, together, offer market participants using Radianz Ultra Access a competitive edge versus other market players.

Radianz Ultra Access offers one millisecond roundtrip transaction speeds, within the New York City and surrounding areas, to the leading execution venues with a one hundred percent availability service level agreement. The service includes a Direct Market Access Speedometer, which provides network, transactional, and market data latency indicators in an immediately actionable format, enabling traders to adjust their electronic trading strategies based on execution speed.

Kevin Covington, Executive Vice President of Business and Product Development, BT Radianz, said: "The need for both the buy and sell side to have minimum latency connectivity has never been more acute. Radianz Ultra Access meets that need by providing a best-of-breed technology that gives unrivalled speed and reliability to a market that judges its success in the ability to connect and execute trading strategies in milliseconds. By giving our clients the fastest and most reliable connections possible, with high visibility into system performance, they will gain an enviable competitive position."

Tom Price, Senior Analyst, Securities and Capital Markets, TowerGroup, added: "Speed is a competitive differentiator for market participants using advanced trading strategies, including algorithms, automated electronic trading systems, and other trading applications and strategies. The ability to consume massive amounts of data, translate it into actionable opportunity, and get orders to the appropriate execution venue ahead of the competition is key to success. Given the high cost, in dollars and time, of maintaining point to point exchange connections, many institutions would benefit from using shared market infrastructure and high speed services to provide the necessary offering to reduce latency."

BT Radianz offers two solutions that address our customers' need for low latency. Radianz Proximity Solution, which has been rolled out to all the major financial centers, allows customers to get their trading engines closer to execution venues. Radianz Ultra Access provides unparalleled speed to trading venues. BT Radianz plans to expand Radianz Ultra Access service to additional trading venues in the near future.

About BT Radianz
BT Radianz is one of the leading providers of secure, reliable, and scalable connectivity and hosting to the global financial services community. BT Radianz's shared market infrastructure offers a platform optimized for the time-critical demands unique to financial services. The BT Radianz network connects over 10,000 financial sites around the world through a single, redundant, fully-managed connection, while also providing access to more than 400 pre-trade, trade, and post-trade applications from nearly 200 of the world's leading content and service providers across the straight-through processing (STP) chain. BT Radianz is part of BT Global Services.

One Community One Connection One Focus

About BT
BT is one of the world's leading providers of communications solutions and services operating in 170 countries. Its principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.

In the year ended 31 March 2006, BT Group's revenue was 19,514 million pounds Sterling with profit before taxation of 2,040 million pounds.

British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.

CONTACT: Fleur Sohtz, +44-(0)20-7650-9186, or mobile, +44-(0)7815952502,, for BT Radianz;

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