Equinix, Inc. and Options announced that they have joined forces to provide increased connectivity and low latency services to a global top-tier investment bank.
Reducing geographical latency through the implementation of a new FX hub will speed up the FX trading process for customers, providing them with a key competitive edge. The development also supports Singapore’s position as the third-largest FX location globally, with projections suggesting shaving milliseconds off currency trades could contribute billions of dollars to Singapore’s economy.
The companies are is deployed together in 18 International Business Exchange (IBX) sites, across 12 metros, with this project marking the fourth FX trading deployment from them.
Together they are expanding the FX footprint into Singapore to improve liquidity and price discovery during Asian trading hours. Connecting through the company’s data centres will also help customers improve price transparency and facilitate more efficient price discovery, avoiding higher rejections or unwarranted risk to market makers.
“With Singapore becoming a major global FX hub, Equinix is excited to be working in collaboration with Options to facilitate global FX trading in a secure and low latency environment,” John Knuff, vice president of business development at Equinix, said. “In an increasingly competitive industry, businesses need to make sure their IT infrastructure is capable of real-time trading and price matching. With Equinix’s FX hubs also situated in London, New York and Tokyo, our platform provides connectivity between these key regions of the world.”
“We are delighted to be able to work in partnership with Equinix to deliver this service extension,” Danny Moore, president and CEO of Options, added. “Singapore is the third-largest FX location globally, and as such, is a region we have continued to prioritise for our own growth over the past number of years. It is fantastic that a client is expanding its FX footprint in the region through Options.”