Fixnetix offer co-located connectivity to FX liquidity via Hotspot

from Automated Trader:

London based low latency provider, Fixnetix has announced FX trading connections to Hotspot FX, LLC. are now available with co-location services in NY4, Secaucus, New Jersey.

Fixnetix today announced the availability of connectivity to Hoptspot FX at Equinix NY4 in Secaucus, New Jersey, with Fixnetix citing increasing demand for low latency connectivity to FX liquidity from the electronic trading community.

Growth in algorithmic FX trading has been significant over recent years with some estimates of high frequency trading volumes as high as 40% or more on some platforms, with these percentages expected to be further bolstered by the increasing number of multi-asset class and arbitrage traders looking to dynamically hedge currency risk.

"The current shift to move more products on exchange and centrally cleared means that more and more organisations will require access to global cross product trading venues," says Bob Fuller, CEO of Exchange Axis and Chair of the Joint Working Group IT Sub Group. "FX is quickly becoming an equal player to all other asset classes which means having the same level of latency and reliability demands, as regulators appear to be showing increased interest in this asset class"

"Fixnetix strives to provide the most optimal trading solutions for our customer base of banks, funds and prop shops worldwide," adds Hugh Hughes, Chief Executive of Fixnetix. "We are proud to provide low latency connectivity to Hotspot and multiple asset classes as our FX service offering is stronger than ever with our recent alliance to NY-based Market Factory, an FX feed handler allowing for buy side and sell side instant access, thereby increasing counterparty diversity and liquidity."

"Low latency access on a reliable network only enhances the Hotspot FX system which delivers anonymous, transparent, reliable and highly liquid trading opportunities, as well as authoritative real-time and historical market data, "offers John Miesner, Global Head of Sales at Hotspot FX.