Aiming to provide more effeciency to its cTrader customers, IC Markets has moved its trading servers from London to New York. According to a broker representative, cTrader accounts for 10% of IC Markets volumes and clients. With the server change, cTrader will be hosted similarly to the broker’s existing setup of their MetaTrader 4 offering which is housed in Equinix NY4 data center and cross-connected with their liquidity providers. The IC Markets representative added, “It is now a very similar setup [to MT4] with reduced latency as we no longer need to rely on a connection from New York to London which can create added latency.”
In regards to cTrader, the arrangement marks the first time that Spotware is offering their platform to a broker on a hosted basis from NY4. Prior to the current setup, the server had been hosted in London and linked to IC Market’s liquidity providers in NY4. While cTrader already utilizes direct point to point network connections to reduce latency, the move to New York is expected to be specifically beneficial to systematic traders who host their strategies in the platform’s cloud structure. For such clients, orders no longer need to be sent from London to New York, with both executions and strategy operation hosted in the same location.
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On the news, James Glyde, Head of Business Development for Spotware, stated, “The cTrader platform infrastructure is designed for high-frequency low latency trading, the move to NY4 will allow IC Markets client base to take full advantage of the platform’s capabilities.” Commenting to Finance Magnates, Glyde added that the cTrader is typically hosted in Equinix’s London LD5 location, but that they are able to accommodate the needs of their broker clients.