FXecosystem, a leading provider of institutional and retail FX outsourced connectivity services, today announced further expansion in Asia, with a point of presence (POP) in the Hong Kong HK1 data center of Equinix Inc (NASDAQ:EQIX).
FXecosystem’s expansion is meant to accommodate current retail and institutional client requirements in the region and follows the recent opening of the company’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 of FXecosystem said:
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.