LMAX Exchange Selects Equinix to Further Enhance Execution Capabilities


Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that LMAX Exchange, the first FSA regulated MTF for spot FX, has selected the Equinix London LD4/5 data center campus in Slough as its primary operational site.

via Pocket http://www.bobsguide.com//guide/news/2012/Dec/6/lmax-exchange-selects-equinix-to-further-enhance-execution-capabilities.html April 07, 2013 at 05:49PM

BT launches service offering from CME Group’s Aurora data centre


http://www.automatedtrader.net/news/data-news/142372/bt-launches-service-offering-from-cme-groups-aurora-data-centre

First Published Monday, 25th March 2013 from Automated Trader : Data News

BT Radianz managed hosting services and cloud platform now available from CME Group’s data center in Aurora

BT has signed an agreement with CME Group, the derivatives marketplaces, to enable the BT Radianz Cloud community access to CME Group’s trading and market data services. In addition, the BT Radianz Cloud platform has been extended into CME Group’s data center in Aurora, Illinois, where BT can also now deliver BT Radianz managed hosting services.

The new agreement builds upon an existing relationship that has provided members of the BT Radianz Cloud community with access to CME Group markets via connectivity in E. Cermak Road, Chicago since 2006.

Members and customers of CME Group will have managed access to CME Group’s Market Data Platform (MDP) that provides data for its futures and options market, as well as third-party real-time data from Dubai Mercantile Exchange (DME), Standard & Poor’s (S&P) Cash Indices, Minneapolis Grain Exchange (MGEX), BM&F Bovespa (BM&F) and Korea Exchange (KRX).

BT Radianz services now also provide access to CME Group’s Globex order entry platform, CME Direct in Europe, and access to CME Group’s exchanges which include Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), Commodity Exchange Inc. (COMEX) and Kansas City Board of Trade (KCBOT).

Tom Regent, president, global banking & financial markets, BT Global Services, said: “The derivatives market and the foreign exchange market are truly global and investors increasingly want to access the major trading platforms wherever they are in the world. The addition of these CME Group services to the BT Radianz Cloud is a major step for us and reinforces our commitment to supporting the many thousands of financial institutions that rely on BT services.”

Tom Regent, president, Global Banking & Financial Markets, BT Global ServicesTom Regent, president, Global Banking & Financial Markets, BT Global Services

“The derivatives market and the foreign exchange market are truly global and investors increasingly want to access the major trading platforms.”

Overview – EquinixChicago FINANCIAL HUB Report 2013


Please find attached a copy of the Equinix Chicago Financial Hub report 2013 Participants, Players, Feeds, Hubs, etc are provided. Extremely useful!!!!!!

Equinix – Chicago_Metro_Report_6.26.2012

Information, Liquidity and the Center of Opportunity


http://www.automatedtrader.net/articles/sponsored-articles/137328/information–liquidity-and-the-center-of-opportunity

First Published in Automated Trader Magazine Issue 27 Q4 2012 : Sponsored Articles

For many, latency was once the be-all and end-all of electronic trading. But as globalization and the whipsaw of quantitative easing drives a tighter coupling between debt and currency markets around the world, there’s a more important directive emerging for market participants – access to information, and lots of it. As John Knuff, General Manager of Equinix Financial Services, explains, information is what begets liquidity – and you need high-quality information in a timely manner in order to manage risk and trade smarter.

<:ARTICLE> 

Information, Liquidity and the Center of Opportunity

First Published in Automated Trader Magazine Issue 27 Q4 2012 : Sponsored Articles

For many, latency was once the be-all and end-all of electronic trading. But as globalization and the whipsaw of quantitative easing drives a tighter coupling between debt and currency markets around the world, there’s a more important directive emerging for market participants – access to information, and lots of it. As John Knuff, General Manager of Equinix Financial Services, explains, information is what begets liquidity – and you need high-quality information in a timely manner in order to manage risk and trade smarter. 

John KnuffJohn Knuff

One consequence of the turmoil in sovereign debt markets over the past couple of years has been a sharp increase in electronic FX trading, as non-domestic investors have sought to manage their currency risks. This has been accompanied by commensurate growth in the electronic trading of instruments – such as non-deliverable forwards – that have historically been traded OTC by phone. A further factor supporting growth has been greater use of centralized clearing. Collectively, these elements have all helped in boosting electronic FX volumes in the trading ecosystems, particularly in the big three foreign exchange markets – Tokyo, London and New York.

Geography

One of the most intriguing aspects of this growth has been its global distribution. The three principal FX trading time zones of Asia, Europe and the US have remained, but an increasing number of participants are “following the sun” – moving to deploy equipment in all three regions and managing the overall strategy from their home-office locations.

Among these regions, Asia is particularly interesting because of the transition currently underway. While Tokyo has historically been seen as the FX trading hub for the region, regulatory and tax factors have given both Singapore and Hong Kong an opportunity to jockey for this position. The huge imponderable is China and the government’s strategy for the internationalization of the renminbi. The point at which the renminbi becomes freely tradable internationally is as yet unknown, but the potential liquidity is obviously massive. Regardless of that timetable, maintaining a presence at the intersection of Asian market data is critical to your ability to compete successfully in a region that continues to evolve.

Another geographical point of interest is the FX activity transition underway between London and New York. While London has historically been regarded as the global center of FX trading, activity in New York has been rising sharply – largely due to the sheer density of the electronic foreign exchange trading community there (approximately double that of any other center in terms of concentration of FX traders). The shift to electronic trading and the linkage with centralized clearing have clearly played a part in this, and are now being driven by the broadening of algorithmic trading strategies beyond what many refer to as “high frequency trading” or “HFT” . Many of these strategies originated among the New York trading fraternity for use in US futures and equity markets but are now being applied to FX, which has quickly created a dense cluster of FX trading activity in the city.

How well connected are you?

As strategies broaden, one of the most striking changes in recent years has been the much wider acceptance of the idea that trading opportunities are not just found on single venues or within a single asset class. This in turn has driven a huge upsurge in “multi-asset connectivity” as trading firms position themselves in the center of numerous venues that trade both the same and diverse instrument types.

The major caveat here is the physical proximity of these firms to trading venues, data sources and their counterparties. Spending millions of dollars on cutting-edge hardware and brilliant minds producing cutting-edge software isn’t a great investment if the same care and devotion is not paid to the location where the equipment is installed. As information sources proliferate, where you deploy can be even more critical than what you deploy. A key element in FX trading success is to have a presence in a location with the highest possible connectivity density in terms of trading platforms, information vendors and other traders. Right now, isolating your trading infrastructure places you out of the game, no matter how great your kit.

This need for high-information density also applies to those who are not necessarily trading FX as an asset class. The activities of central banks have created an upsurge in FX trading associated with risk management. And quantitative easing has the same ancillary impact on other asset classes as well, such as equities and futures.

Not just about the trading

A further important shift in market behavior that also plays to the strengths of high-density locations is information. Apart from the need to trade FX as part of the risk management of open positions in other asset classes, there also has been a major upsurge in the number of informational (non-trading) feeds to which participants connect.

In many cases, these are being used for other risk management functions, such as pre-trade or portfolio risk analytics. The underlying concept is that if a firm can broaden its span of awareness (both geographically and across asset classes) so that it has up-to-date information, then that is a very good way to manage risk. This informational slant on community density is becoming increasingly important and is a major driver of the growth seen in data center-based FX communities. It is also extending now to not just the raw information, but also to the same site availability of the tools (such as complex event processing) with which to analyze/process it.

This trend is part of the move towards “trade smarter – not just faster” that we noticed developing after 2007. Market participants have become increasingly aware that speed doesn’t make a bad trade better. The previous emphasis on being as close as possible to a trading venue’s matching engine has been superseded by a desire to have single-location access to information across a wide range of inputs from multiple markets in multiple formats (for humans as well as computers).

This has become extremely apparent to us because of the huge increase in connection requests for data feeds, news and analytics we have seen (as opposed to market trading connection requests), and was one of the factors behind the opening of our major new NY5 data center. Information begets higher-quality liquidity; a community of trading firms with a broader span of awareness creates a more desirable order flow.

Cost and speed

While accessibility and critical mass have much to recommend them, high-density trading communities also deliver two other important benefits – cost and speed. The economies of scale of having multiple trading venues and information feeds under one roof are substantial anyway. However, in a trading environment where a single trading firm might need to connect to five trading platforms, 10 data sources and 15 counterparties, they effectively lower the entry barrier to new types of trading style and strategy. Furthermore, in a dense, localized trading ecosystem, it is typically possible to make all these connections in a day, thereby reducing the time-to-cost takeout, as well as time to revenue.

Obviously this sort of environment delivers a speed advantage in the traditional latency sense because of the close proximity of all the various components. However, it also applies in the sense of time to market and agility. If a trading firm identifies a new opportunity, then it has the strongest possible motivation to capitalize on it as quickly as possible, before it is also spotted by the competition.

Data / Analytics Providers -> Customers -> Venues

If the new opportunity requires a new connection, then a dense trading ecosystem is well-placed to deliver it swiftly. This would be important in a world of single-market strategies, but in one where new trading opportunities are often multi-asset and/or multi-venue in nature, it is critical.

Customer access

As market structures evolve, exchanges and other trading venues have recognized the need to have a formal customer access strategy that benefits their clients and grows the client base. These firms have extended their strategies to move access points to broad bases of customers in addition to providing colocation space inside their own facilities.

As a result, at Equinix we now host some 80 different trading venues and exchanges that are quickly accessible to potentially thousands of customers. Perhaps counter intuitively, this model is driving a virtuous cycle where more customers beget more venues in one location, which in turn attracts more customers and information/analytics providers to the data center. Furthermore, the cost savings this delivers to trading venues and exchanges begets lower trading costs for customers, which make new types of strategy possible… thus begetting higher volumes, and so on…

Conclusion

It is apparent that the fragmented way in which FX was previously traded has changed utterly in recent years. The economies of scale, time, cost, opportunity and convenience have seen to that. Couple that with the underlying growth in FX volumes associated with the move to electronic trading and other factors, and the value proposition of these new FX trading ecosystems seems overwhelming.

Not only is this benefitting existing trading firms, venues and vendors – it is literally democratizing access to financial markets. Smaller trading groups that were previously unable to justify a data center presence now find the barriers to entry so low as to be scalable. By the same token, new niche vendors of data and analytics have inexpensive large-scale access to a massive concentration of potential clients.

Finally, new trading venues no longer have the overhead of massive infrastructure build-out to contend with before they can sign their first customer. So, the concentration of global information inside dense interconnection points has transformed these strategic facilities into the world’s new financial centers of opportunity – as a new era of trading emerges.

Anova Technologies Acquires Lowest Latency Microwave between Equinix Facility in Washington, DC and…


Anova Technologies, the preeminent financial and exchange connectivity provider, is pleased to announce its most recent acquisition of a microwave network between the Washington, DC Equinix facility, at 1275 K Street, and NASDAQ, at 1400 Federal in Carteret, New Jersey.

via Pocket http://www.bobsguide.com//guide/news/2013/Mar/19/anova-technologies-acquires-lowest-latency-microwave-between-equinix-facility-in-washington-dc-and-nasdaq.html March 20, 2013 at 09:25PM

TMX Atrium adds LME to its community


TMX AtriumÔ, provider of smarter infrastructure solutions for the financial community, today announced that the London Metal Exchange (LME) joined TMX Atrium’s community to access multi-asset trading locations.

via Pocket http://www.bobsguide.com//guide/news/2013/Mar/18/tmx-atrium-adds-lme-to-its-community.html March 18, 2013 at 07:01PM

NASDAQ OMX NLX Selects Equinix


REDWOOD CITY, Calif. & LONDON–(BUSINESS WIRE)– Equinix, Inc.

via Pocket http://finance.yahoo.com/news/nasdaq-omx-nlx-selects-equinix-090000024.html January 23, 2013 at 07:18PM

Equinix to build fourth IBX in Japan


Equinix to build fourth IBX in Japan

http://www.automatedtrader.net/news/exchange-news/141975/equinix-to-build-fourth-ibx-in-japan

Singapore – Equinix, the interconnection and data centre company, has announced a $43 million investment to build its fourth International Business Exchange data centre, TY4, in Tokyo.

The new TY4 IBX data centre will be launched in two phases, providing total capacity of 750 cabinet equivalents. The first phase, scheduled to open in the third quarter of 2013, will offer initial capacity of 450 cabinet equivalents. TY4 will have direct fibre connectivity to Equinix’s three other IBX data centres in the city, which will further facilitate customer interconnections.

Strategically located in the heart of Tokyo’s business district, Equinix will offer its customers the ability to connect to an established ecosystem of existing and potential customers and partners; provide financial companies with close proximity to the major financial exchanges in the Japanese capital; enable Internet Service Providers (ISPs) and content providers to reduce IP transit costs and improve end user experience for their customers via Equinix’s Internet Exchange.

Kei Furuta, managing director, Equinix Japan said: “Tokyo is a strategic market for Equinix as it is one of the largest data centre markets worldwide and a primary gateway for traffic from the U.S. to Asia. We believe our expanded presence in Japan will give our customers greater access to global network connectivity and capitalize on the opportunities presented by the Japanese market.”

MIAX Selects Equinix for New Options Exchange Trading Platform


Equinix, Inc.

via Pocket http://www.bobsguide.com//guide/news/2012/Dec/20/miax-selects-equinix-for-new-options-exchange-trading-platform.html January 01, 2013 at 06:28PM

NASDAQ OMX Commodities adds Frankfurt connectivity


NASDAQ OMX is continuing its roll-out of a new connectivity product, NASDAQ OMX Datacenter Extended (NODE), across Europe offering access to our Commodity, Equity, Fixed Income, markets and colocation space in the Nordics.

via Pocket http://www.mondovisione.com/media-and-resources/news/nasdaq-omx-commodities-adds-frankfurt-connectivity/ December 30, 2012 at 06:22PM

OTC Clearing and Regulations

My views on OTCs and Regulations

Knowledge Problem

Commentary on Economics, Information and Human Action

northoceanscm

4 out of 5 dentists recommend this WordPress.com site

Aditya Ladia's Blog

Forex, Investment and Finance

Soltis Consulting, Inc.

Business Concepts, Ideas, and Information

intradaynifty

An Endeavor To Explore The Uncertanity

All About Cyber Security and Financial Technology and Beyond

The Future of FinTech and Cybersecurity are Interlocked: Creating the Secure Future of Financial Technology Today

symphony

Read about latest trends in Algo Trading in India or visit our website symphonyfintech.com

Trading Smarter

Thought Leadership, Insight and Product Information from TradingScreen

Tales from a Trading Desk

Noise from an Investment Bank

NPA Computers

Bringing you info about the latest on Internet Technology

duanetilden

An online journal of International Energy Trends, Green Building, Sustainability and Climate, A&E, Data, Security, CryptoCurrency and Social Media

Trade News in Brief

International Economic Affairs & Relations / Regional & International Organizations / Global Commerce & Business

SingleDealerPlatforms.Org

The Single Dealer Platform Community

Carl A R Weir's Blog

A Cross Asset Connectivity and Finance WordPress.com site

%d bloggers like this: