Global data center company Equinix, has announced that LMAX Exchange has selected their London LD4/5 campus as their primary hosting site. The LD4/5 campus hosts nearly 200 participants which will now have direct access to LMAX. For Equinix, the news further strengthens the LD4/5 data center as a hub for forex trading while its New York NT4 location has become the ‘go to’ co-location spot for equities. With the growth in both data center, Equinix has also been developing its Cross-Atlantic network connectivity with round trip speeds hitting 65.7ms from its providers.
As the connections between NY and London come closer to 0, ‘What you see is what you get’ pricing in forex is epected to become more prevalent, thus reducing requotes and slippage in the industry. In our Q4 Forex Industry Report, Forex Magnates will be taking a close look at co-location and how it benefits brokers and traders.
LMAX Exchange Selects Equinix to further Enhance Execution Capabilities
Award-winning LMAX Exchange moves to Equinix’s London data center campus
Redwood City, Calif. and London — December 6, 2012 ― 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. The move positions LMAX Exchange in the epicenter of institutional FX trading, further enhancing access to its award-winning trading technology, reinforcing superior execution capabilities.
Established to deliver the benefits of exchange execution, LMAX Exchange optimizes the FX trading strategies of buy and sell-side trading institutions by offering precise, consistent execution, transparent cost of trade and a level playing field for all market participants. As a result, clients benefit from superior low-latency trading with an average matching speed of 3ms in over 60 FX pairs.
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“We moved to Equinix because they are well placed to provide us with more than just data center services,” said Andrew Phillips, head of systems, LMAX Exchange. “There is a significant amount of FX activity taking place on Platform Equinix, not just in Slough, but worldwide. Locating our matching engine in one of the key centers of this community puts LMAX Exchange at the client’s fingertips.”
There is a large and growing ecosystem of global traders and other financial services providers inside Equinix data centers. The Equinix LD4/5 campus houses nearly 200 trading participants, all of whom can connect directly to the LMAX Exchange. With over 50 low-latency network providers, the LD4/5 campus also provides transatlantic connectivity for ‘follow the sun’ FX trading, with a 65.7ms round-trip between LD4/5 and New York. Globally, Platform Equinix™ provides access to more than 700 financial customers spread across the world’s top 16 global financial markets, as well as the leading equity MTFs, multiple FI platforms, dark pools, commodities, and new derivative products.
“LMAX Exchange is a welcome addition to the Equinix financial ecosystem, extending the range of venues we host outside the traditional Equities markets,” said Dick Theunissen, CMO, Equinix EMEA. “Their pioneering approach to reengineering electronic investment models will bring major benefits to the trading community in our London LD4/5 campus and further afield.”
About LMAX Exchange
LMAX Exchange is the first FSA regulated MTF for spot FX. Established to deliver the benefits of exchange execution to the traditionally OTC traded market, LMAX Exchange is a fundamentally different proposition. LMAX Exchange delivers precise execution, transparent cost of trade and a level playing field for all market participants. Just as on exchange, the trade execution is order-driven against streamed, executable limit orders supplied by the General Members. Clients benefit from superior low latency trading with an average matching speed of 3ms in over 60 FX pairs. LMAX Exchange offers multiple connectivity options: Web, Direct APIs (.NET, Java), FIX 4.4 and leading MT4 bridge providers.
LMAX Exchange delivers clients the following benefits:
• Unparalleled execution quality
• Award-winning technology
• Pre and post trade transparency
• Strict price/time priority matching
• Trading anonymity
LMAX Exchange – The professional FX exchange*.
LMAX Limited operates a multilateral trading facility. Authorised and regulated by the Financial Services Authority. FSA Registered no. 509778
Equinix, Inc. (Nasdaq: EQIX), connects more than 4,000 companies directly to their customers and partners inside the world’s most networked data centers. Today, businesses leverage the Equinix interconnection platform in 30 strategic markets across the Americas, EMEA and Asia-Pacific. www.equinix.com.