Tuesday, November 17, 2009

FXall offers platform through Equinix data centre

Equinix, a provider of global data centre services, today announced that FXall, the world's leading multibank foreign electronic platform, will offer connectivity to its foreign exchange platform within the Equinix NY4 International Business Exchange (IBX) data centre.

The service will be available to the community of Equinix Financial eXchange financial trading companies currently operating within the New Jersey campus, including buyside and sellside firms which trade multiple asset classes. In addition, the deployment to Equinix will enable FXall to directly reach the rich aggregation of networks and other strategic partners operating within Equinix's Financial eXchange to service FXall customers with optimised performance.

FXall's complete product coverage includes spot, swap, forward and NDF products for over 500 currency pairs available in one technologically advanced platform. More than 800 global institutions rely on FXall's trading and straight through processing solutions to support a multitude of trading strategies in all market conditions.

FXall will offer its services to customers of Equinix Financial eXchange, a community of capital market participants, including execution venues, buy and sell side firms, market data providers, technology providers and financial networks, that locate operations within Equinix data centres in order to benefit from a high-performance, low latency connectivity infrastructure. At Equinix, these companies can directly exchange data within the same physical location with strategic partners, customers and vendors, thereby enhancing their trading decisions and risk avoidance operations. They also have access to a broad range of high-performance network connectivity and data centre services.

In addition to the benefits that FXall will bring to the Equinix Financial eXchange ecosystem, companies will also be able to leverage the platform to execute direct relationships with key networks and other strategic partners in order to enhance the speed and reliability of their services.

Phil Weisberg, CEO of FXall said; "With liquidity from over 200 pricing streams and a comprehensive product set capable of supporting multiple execution strategies, the FXall platform m provides active traders with access to the deep liquidity and advanced trading functionality they demand. Our partnership with Equinix presents another way for active traders to gain an edge in the market and we look forward to expanding the connectivity options available to further grow this client segment through Equinix's extensive network of users."

"Equinix's financial community has identified FXall as a very desirable trading venue, and we are happy to help fulfill their performance needs," said John Knuff, director, Business Development, Equinix. "Beyond benefitting our current financial community customers, FXall's presence will hopefully attract new customers to our NY4 centre and serve as a spring board for future FXall growth initiatives."

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