FastMatch Launches Matching Engine in Equinix LD4 Data Center in London


FastMatch Launches Matching Engine in Equinix LD4 Data Center in London

http://low-latency.com/article/fastmatch-launches-matching-engine-equinix-ld4-data-center-london/?utm_source=weekly&utm_medium=email&utm_campaign=ll_13-06-20

Equinix, the global interconnection and data center company, together with FastMatch, an Electronic Communication Network (ECN) for foreign exchange trading, today announced the launch of a new ECN matching engine in Equinix’s London Slough International Business Exchange (IBX) data center campus.

FastMatch currently operates its FX Spot and metals ECN matching engine from the Equinix NY4 data center in New York. The additional matching engine in London will offer FastMatch clients in the European region access to real-time transparent quotes and trade information, as well as complete redundancy to the platform.

As trading markets become more interrelated, investors are seeking local access to a wider range of asset classes and instruments in order to effectively manage risk in an increasingly complex and competitive environment. By deploying among the growing financial ecosystem inside Equinix, FastMatch makes its systems directly accessible alongside a wide range of other venues, data providers and financial institutions, allowing investors greater choice and flexibility.

FastMatch clients can trade across an array of unique liquidity sub-pools each governed by its own distinct rules of trading. FastMatch also enables institutional clients to easily transact large sizes with minimum market impact by using order types like hidden pegged to midpoint, reserve and minimum quantity.

The FastMatch ECN is based on technology that underpins the world’s largest equities crossing system, the Credit Suisse Crossfinder matching engine, which has been re-tooled and tailored to meet the needs of global foreign exchange markets.

FastMatch launched in the summer of 2012 and is a joint venture of FXCM, Inc. and Credit Suisse Group AG, later adding Bank of New York Mellon as a third backer in 2013. The company strives to offer its customers access to large pools of diversified liquidity at unparalleled speed with complete transparency in an optimal location.

Dmitri Galinov, CEO, FastMatch: “London is an FX trading capital of the world, yet traders in Europe currently have no access to real-time quotations or trades from any major FX ECN. The prices are either intentionally delayed or coming from the United States. We are excited to deliver real-time transparency to this previously underserved region.”

Stewart Orrell, managing director, Global Capital Markets, Equinix: “As the Equinix financial ecosystem continues to globalize, we’re seeing more trading venues deploy multiple storefronts in various cities to extend their ability to reach market participants around the world. With the launch of its matching service in the Slough campus, FastMatch is certainly on the right track to gain a competitive edge in today’s global marketplace.”

 
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Markit buys out DTCC from MarkitSERV – Press Release 5th April 2013


http://www.markit.com/en/media-centre/press-releases/detail.page?dcr=/markit/PressRelease/data/2013/April/05

London and New York, NY – Markit, a leading, global financial information services company, today announced that it has acquired the ownership stake in MarkitSERV held by the Depository Trust and Clearing Corporation (DTCC). Markit and DTCC founded MarkitSERV in 2009 as a joint venture that combined the firms’ electronic trade processing services for OTC derivatives.

There will be no changes to the services provided by MarkitSERV to its more than 2,500 customers in the OTC derivatives industry. MarkitSERV will remain a separate entity, currently regulated by the Financial Conduct Authority in the UK.

Jeff Gooch will continue to be Chief Executive Officer of MarkitSERV and Global Head of Processing at Markit.

For further information, please contact:
Alex Paidas
Director, Corporate Communications
Markit
Telephone: +1 212 205 7101
Email: alex.paidas@markit.com

Caroline Lumley
Director, Corporate Communications
Markit
Telephone: +44 20 7260 2047
Email: caroline.lumley@markit.com

Notes to Editors:
About Markit
Markit is a leading, global financial information services company with over 2,800 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial marketplace. For more information, please see http://www.markit.com.

About MarkitSERV
MarkitSERV provides a single gateway for OTC derivatives trade processing. By integrating trade confirmation, reporting, routing to clearing, allocations and portfolio reconciliation, MarkitSERV provides an end-to-end solution for post-trade transaction management of credit, interest rate, equity and foreign exchange derivatives. MarkitSERV connects dealers and buy-side institutions to central clearing counterparties, trade repositories and electronic swap markets. For more information, please see http://www.markitserv.com.

NCDEX to buy NSE’s stake in JV clearing firm


The National Commodity & Derivatives Exchange ( NCDEX), India’s second-largest, is set to acquire 65 per cent stake in National Commodity Clearing Limited ( NCCL) from National Stock Exchange ( NSE&select=1 target=_blank style=text-decoration:none;cursor:hand;>NSE), at an enterprise value of about

via Pocket http://www.business-standard.com/india/news/ncdex-to-buy-nses-stake-in-jv-clearing-firm/497408/ January 04, 2013 at 02:24PM

NYSE Euronext, ATG Announce Brazil Trading-Platform Joint Venture


RIO DE JANEIRO–NYSE Euronext (NYX) and Brazil’s ATG will form a joint venture to create a new trading platform for Brazilian stocks, executives for the two companies announced Monday at a news conference.

via Pocket http://online.wsj.com/article/BT-CO-20121105-710462.html December 30, 2012 at 06:17PM

Swift’s bid to move into domestic markets comes good in India


The new JV company will service the high and low-value payment market infrastructures through localised systems, governance, oversight and Indian rupee billing.

via Pocket http://www.finextra.com/News/Fullstory.aspx?newsitemid=24233 December 27, 2012 at 07:01PM

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