NYSE Technologies Expands with Extension in Equinix’s Hong Kong and Tokyo Data Centers

NYSE Technologies, the technology arm of the world’s largest exchange by market capitalization NYSE Euronext, has expanded its global footprint by extending its trading network into Equinix's International Business Exchange data centers in Hong Kong and Tokyo.

Participants based in Hong Kong and Tokyo will benefit from the move by having direct access to NYSE Technologies' Secure Financial Transaction Infrastructure (SFTI), and thus have direct connectivity to services offered by NYSE Technologies and access to a wide range of financial markets, market data and post-trade services.

Ian Jack, global head of infrastructure for the Secure Financial Transaction Infrastructure at NYSE Technologies said in the company's press release: "We are very pleased to be extending the SFTI backbone into Equinix's data center in Hong Kong and providing direct metro access in Tokyo, both key financial hubs in Asia. Our SFTI Access centers in Equinix's data centers in Hong Kong, Tokyo and Singapore allow customers to connect to regional and global exchanges and markets in a cost effective way through a single connection at each of their locations around the region."

NYSE Technologies a leading name in low latency solutions for financial services firms recently announced its connectivity to the popular and growing Basildon-Frankfurt route; the firm upgraded its fiber route and thus scraped off 2 milliseconds in one-way latency. Mr Jack said in an interview to the media: “By upgrading the fibre path we are offering a lower cost of access and a faster route. Traditionally the trade-off has been between cost and speed. The new fibre service is not as fast as using radio frequency (microwave), although microwave has bandwidth and availability limitations."

NYSE Technologies' Secure Financial Transaction Infrastructure (SFTI) is available in seven financial centers across the globe, located in eight Equinix data centers Equinix has data centers in 31 markets across 15 countries covering, the Americas, EMEA, and Asia-Pacific.

David Wilkinson, senior director, Financial Services at Equinix Asia-Pacific said in a statement to the press: "With the deployment of NYSE Technologies' SFTI Access centers in Hong Kong and connectivity in Tokyo our financial ecosystem becomes even stronger and more valuable for both new and current financial participants accessing financial markets."

Co-location in the FX markets is fast becoming a standard for industry participants; in Equinix’s NY 4 data center one of the largest data centers for financial services firms situated in Secaucus, New Jersey, leading players host their trading solutions including; Hot Spot, EBS, Integral Development Corp, Currenex, Thomson Reuters and several FX banks. The NY4 is a complete FX eco-system where Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers and market data vendors provide services to hedge funds, brokers and banks.