FXecosystem, a comprehensive provider of outsourced connectivity services to the foreign exchange (FX) industry, has expanded its services suite to cater to Tier 1 and Tier 2 banks, boasting a mitigated latency connection between the financial hubs of London and New York.
FXecosystem possesses a unified point of entry to connect to myriad FX market participants worldwide, with access to its LD4 (London) and NY4 (New York) Meet-Me-Room (MMR) ecoworld. In addition, the group also provides low latency network connectivity, co-location/proximity hosting, and several other managed services for a global clientele.
As per its newest upgrade, FXecosystem has been integrated into Hibernia’s new Ultra 5 Express Circuit, consequently offering clients a reduced RTD between London and New York. The move is important as it caters towards the banking and institutional realm, which should help the group expand its clientele.
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According to James Banister, Chief Executive Officer (CEO) of FXecosystem, in a recent statement on the augmented capabilities, “Being one of the first companies to offer such ultra-quick connectivity between London and New York is a huge advantage for us in terms of providing improved latency performance to major banks and also attracting new clients.”
“Our Tier 1 and Tier 2 banking clients have now been added to the Ultra 5 Express Circuit and are already seeing the benefits of the increased capacity and speed. We will be adding other clients over the next few weeks. FXecosystem continues to evolve in terms of investing in our infrastructure, especially between New York and London, and we are seeing our client base grow exponentially,” he added.
Back in September, FXecosystem launched FXeco-Eye, a product designed to help facilitate network/trading support teams in uncovering the fundamental causes of network and trading related issues. Moreover, FXeco-Eye is a visualization tool that provides a graphic overview for FXecosystem customer data flows.