Forex electronic communications network (ECN) Spotex, has selected Solace Systems for its low latency messaging infrastructure, in a bid to help reduce response times and slippage for its comprehensive Forex network, according to a Spotex statement.
Spotex has been particularly active with a series of launches and moves to its network – earlier this month, the firm having consolidated back office, risk management and FX spot services into one cohesive solution. The company has a penchant for delivering reliable and transparent FX trade matching services, however heightened efforts to achieve this end ultimately necessitated integrating Solace Systems’ infrastructure.
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According to Ritesh Agrawal, CEO of Spotex, in a recent statement on the integration of Solace Systems latency solutions, “Solace offers a unique combination of operational simplicity and extreme low latency, allowing Spotex to build highly scalable and reliable solutions for our clients. Solace’s hardware-based approach to messaging eliminates the performance problems we’ve seen in software-based solutions.”
“Spotex’s foreign exchange ECN is a disruptive force within FX trading, one destined to open new trading strategies for buy side and sell side market participants. We are very pleased to be working with Spotex to deliver this innovative offering,” added Craig Betts, CEO of Solace Systems, in an accompanying statement.