FXecosystem, a provider of connectivity services for the financial services industry, today announced its expansion into Asia, with the opening of its regional headquarters in Singapore and a point of presence (POP) in Equinix (Nasdaq: EQIX) SG1 Singapore data centre.
New Singapore HQ
The expansion accommodates current retail and institutional client requirements and underpins FXecosystem’s strategy for growth in the region.
It follows a successful six-month operation of FXecosystem’s new NOC and engineering facility in Asia, and an announcement earlier this year in May that it had entered into a partnership with network devices specialist Metamako to help optimise its multilateral traffic and network capabilities.
The organisation is also planning new hires in Asia scheduled for Q1 2017.
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James Banister, CEO of FXecosystem, commented: “We are delighted to announce our new regional HQ. Singapore has just come second (behind London) in PwC’s Cities of Opportunity Index, ranking first in three of the indicators measured – technology readiness; transportation and infrastructure and the ease of doing business. These were key drivers for FXecosystem selecting Singapore as the location for our regional HQ, together with the immense service offering advantages of our new point of presence in the Equinix SG1 data centre.”
Enhanced Global Footprint
FXecosystem adds SG1 to its LD4 in London and NY4 in New York Meet-Me-Room(MMR) ecoworld, providing a single point of entry to connect to FX and bond market participants on a global scale, enhancing FXecosystem’s global offering of ultra-low latency network connectivity, co-location/proximity hosting and fully managed services. With 24/7 service and support, clients can benefit from faster execution by maximising the number of trades processed per millisecond.
FXecosystem provides a single point of contact to deliver a fully outsourced solution with faster on boarding, low latency and less expensive connectivity.
The firm’s portfolio includes the innovative FXeco-Eye – a SaaS product, fully compliant with MiFID2, providing clients with a unique, graphical overview of their flows.