FXecosystem announces further Expansion in Asia  with new Equinix Hong Kong Data Centre Deployment 

FXecosystem, a leading provider of institutional & retail FX outsourced connectivity services, today announced further expansion in Asia, with a point of presence (POP) in the Equinix Hong Kong data centre, HK1. This expansion is to accommodate current retail and institutional client requirements in the region and follows the recent opening of the organisation’s regional […]

singapore

FXecosystem, a leading provider of institutional & retail FX outsourced connectivity services, today announced further expansion in Asia, with a point of presence (POP) in the Equinix Hong Kong data centre, HK1.

This expansion is to accommodate current retail and institutional client requirements in the region and follows the recent opening of the organisation’s regional headquarters in Singapore. 
Once connected to FXecosystem in HK1, institutional and retail broker clients can take advantage of a single point of entry to the FXecosystem global infrastructure and connect to FX counterparts and liquidity providers in New York and London. They can also take advantage of the high-speed circuits within the FXecosystem network, to benefit from faster, more secure transaction execution. 
Commenting on the announcement James Banister, CEO, FXecosystem, “This second POP in Asia allows us to service our existing clients in S.E. Asia, including Hong Kong and China. This, together with recent announcements such as our POP in Equinix’s SG1 data center in Singapore and new NOC and engineering facility in Asia, further strengthens and expands our service offering in the region and underpins our growth plans for 2017.  With our enhanced infrastructure, we can help institutional and retail FX clients in Europe and America to expand into Asia. We are also seeing interest from Asian banks and brokers who need enhanced connectivity between these three continents.” 
“Equinix’s global data centres are home to the world’s largest multi-asset electronic trading ecosystem—a robust collection of interconnected execution venues and trading platforms, market data vendors, service providers, buy-side and sell-side firms,” said John Knuff, vice president of financial services, Equinix. “We are excited to see FXecosystem continuing to leverage our interconnection platform for the international scale and reach to better service their growing customer base.”
FXecosystem leverages Platform Equinix’s extensive global footprint and now adds HK1 to other deployments at Equinix data centres including LD4 (London), NY4 (New York) and SG1 (Singapore), providing a single point of entry to connect to FX and bond market participants on a global scale.  This provides an enhanced global offering of ultra-low latency network connectivity, co-location/proximity hosting and fully managed services, all backed up by 24×7 service and support.

Read this next

Uncategorized

US and South Korea seek extradition of Luna founder Do Kwon

Both US and South Korean officials are seeking to extradite Terraform Labs CEO Do Kwon, just hours after he was arrested in Montenegro.

Retail FX

Pepperstone UK doubles profit, client assets in 2022

The London-based entity of Australian FX broker Pepperstone has reported its financials for the fiscal year ending June 30, 2022. The group had outperformed the last year’s flat performance, having doubled revenues and boosted the broker’s bottom line and shareholders’ fortunes.

Institutional FX

CLS FX volume rises to just shy of $2 trillion in February

Foreign exchange settlement provider, CLS Group saw strong volumes in February 2023 as the banking crisis continues to weigh on a world economy that’s yet to fully recover from the Russia-Ukraine war’s shocks.

Digital Assets

Binance restores trading after 2-hour outage

Binance suffered a breakdown on its trading engine that lasted for about two hours, but the premier cryptocurrency exchange finally managed to restore normal operations at around 14:00 UTC.

Digital Assets

Tether earns $700 million in Q1, taking excess reserves to $1.6 billion

Tether chief technology officer Paolo Ardoino said the world’s largest stablecoin issuer expects to earn more than $700 million in the January-Mach quarter, which will be added to the reserve backing its stablecoin (USDT).

Digital Assets

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

Narwhal Finance received strong support from Animoca Ventures and angel investors in a $1 million seed funding round, reinforcing the company’s vision of providing an accessible platform to all.

Technology

SteelEye tries ChatGPT for market surveillance

This capability can be used as a starting point for initiating a surveillance investigation and to standardize workflow processes to boost the throughput and consistency of cases. It is also useful when analyzing communications in foreign languages, as the system returns the above insights in English regardless of the languages being used.

Industry News

SEC charges ex-Morgan Stanley advisor of NBA players after $13m fraud

Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint. 

Industry News

AWS FinTech Africa Accelerator launched, applications until April 27, 2023

Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products. 

<