CitiFX and Deltix have teamed up to offer low latency trading solutions to a mutual client; Alacrity FX a systematic FX portfolio manager. Alacrity FX will benefit from the combined expertise of CitiFX and Deltix which is hosted at Equinix’s New York data centre.
Deltix is a lading software solution provider for firms looking to deploy advanced trading strategies.
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CitiFX is the institutional FX division of global giant Citi Bank. CitiFX was the latest bank to introduce margin trading for retail clients.
As time to execution is a critical success factor for money managers the partnership offers CitiFX’s executable market data with the Deltix suite all hosted in a secure and fast trading envcironemnt.
“We need to know that our mission critical systems are always available and secure so we are pleased in having our Deltix software hosted by Equinix, which provides best-in-class infrastructure as well as connectivity to market participants” said Stephane Coquillaud of Alacrity FX.
Co-location facilities in FX have been popular since high frequency trading strategies are being implemented by hedge funds and banks-internal trading desks.