Interbank prime of prime solutions provider CFH Clearing has announced that it will be moving its matching, order and execution operations to the London Equinix data center i, in a move to help reduce latency and costs.
CFH Clearing recently made a series of executive moves, naming two new regional directors for Eastern Europe. In a bid to cut costs and help foster greater efficiency and latency measures, the group has opted to relocate to the Equinix’s Slough data center campus.
The move itself comes on the heels of a mounting demand for electronic trading, mostly from higher levels of its respective market. The London Equinix data center has been a popular destination for other clearing entities as of late, especially for the ultra-low latency measures it offers.
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According to Lars Holst, CEO of CFH Clearing in a recent statement on the move, “we are continually looking at ways of improving our service to clients in order to remain at the forefront of the industry. Having a presence in Equinix’s London Slough data center campus, which provides co-located connectivity to London, makes perfect sense for us. We need to connect in the place where all the main liquidity providers are based. By removing network layers and reducing the complexity of the connections, we can reduce network interruptions and provide clients with even more reliability and optimal order execution.”
“As one of the top interbank straight-through processing (STP) venues in the world, Equinix is delighted to welcome CFH Clearing to our financial services ecosystem in London,” added Equinix’s Stuart Turnham, Director Financial Services, EMEA.
“In today’s fast paced financial services industry, companies need to position their systems for maximum connectivity, performance and agility; and CFH Clearing understands that one of the key success factors lies not just in what you deploy, but where you deploy. By deploying inside Equinix, CFH Clearing can meet its proximity hosting requirements while tapping into the world’s largest collection of multi-asset class electronic trading participants,” reiterated Turnham.