NEW YORK and LONDON, Dec. 9, 2010 /PRNewswire/ -- FXecosystem, the low latency trading infrastructure provider to the world's global Foreign Exchange (FX) market, is pleased to announce the launch of Cable 2.0. The new service provides a number of diverse transatlantic link options enabling clients to transact faster than ever before. The service has been designed to reduce latency, risk, cost and slippage whilst increasing bandwidth, flow, customer access, efficiency and price options. Cable 2.0 is fully integrated with the specialized FX Meet Me Room.
When a steel cable was laid under the Atlantic Ocean in 1858 telegraphically linking the UK with the USA, messages with currency prices could be transmitted between London and New York faster than ever before, and the name Cable became the recognized foreign exchange term used for the GBP/USD currency pair rate.
With the introduction of Cable 2.0, the FXecosystem transatlantic link, users are provided with a more efficient, alternative access route to larger numbers of customers on either side of the Atlantic. Cable 2.0 provides users with greater bandwidth and consistent, quantifiable Round Trip Delay (RTD) over a fiber switched network (with a third diverse route coming soon). With current SLA times of 66.35 milliseconds on the primary route and 68.24 milliseconds on the diverse secondary route, no bandwidth restraints and no delta on RTD times, price engines and algorithmic strategies can be fine-tuned to gain competitive advantage.
The recent BIS survey identified that over the past three years, trading volumes of a group of currency players ranging from day traders at their kitchen-table laptops to hedge-funds to computer-driven models have surpassed the volume from the big banks that once dominated the market. This change in the market make-up has led to greater demand for better price capture, and a requirement for more bandwidth to this alternative source of liquidity.
"Our customers have the choice of selecting the most appropriate connectivity for their individual trading needs, be that speed, bandwidth, cost, risk or efficiency. Our long and deep understanding of the FX market structure allows us to tailor solutions that bring real competitive advantage, not just an easy alternative," said Jon Vollemaere, Co-founder of FXecosystem.
"As the first to bring low latency FX to the market, FXecosystem continues to bring innovative solutions to the FX market, enabling customers to lead the market and transact faster than ever before," said Vollemaere. He added, "We are creating a new standard for the global FX market that provides market participants with far better options on speed, cost and risk. The majority of daily FX trading takes place between London and New York, and we are pleased to add this piece of functionality to our solution."
FXecosystem offers a differentiated solution to the Foreign Exchange (FX) market that increases the speed of trading and information between banks, hedge funds, brokers and vendors. It has a growing number of direct links to the major players and has designed a market-specific telecom hardware solution which now means trade data can reach financial institutions anywhere in the world in milliseconds.
FXecosystem offers an innovative and effective proprietary technology, the FX Meet Me Room, to solve the widespread market need for speed, by leveraging proven low latency architecture in the telecom world and transplanting it into the FX trading world. The solution includes directly linking the major players with a market-specific telecom hardware solution which now means trade data can reach financial institutions anywhere in the world in milliseconds.
For more information on BIS Report:
For more information on FXecosystem:
The Realization Group
Phone: 07974 937970