FXecosystem Expands Connectivity to Fixed Income Markets via Bondecosystem

FXecosystem, a comprehensive provider of outsourced connectivity services to the foreign exchange (FX) industry, has extended its capabilities and connectivity into the fixed income market via the launch of its Bondecosystem platform, according to an FXecosystem statement.

The new offering is important as it represents FXecosystem’s first foray into the bond market, which will be available to the group’s clientele worldwide. As a result, FXecosystem’s Bondecosystem will help enable bond traders to tap into the group’s connectivity, which was previously only available to the FX market.

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Bondecosystem will also be delivering a consolidated point of contact, thereby connecting global bond traders to ECNs and banking institutions, which will effectively allow the assimilation of asset classes as well as eliminating the need for multiple leased lines. FXecosystem will also lean on its co-location facilities to provide proximity Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term solutions in order to meet all bond trading requirements in its LD4 and NY4 datacenters, helping foster smoother trading Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and operational efficiencies.

According to James Banister, Chief Executive Officer (CEO) of FXecosystem: “Bondecosystem will enable bond traders to benefit from the same dynamic connectivity solutions enjoyed by FX traders. Merging platforms and asset classes together into one e-commerce platform makes clear sense and reflects the direction leading banks are taking."

“The development of Bondecosystem was driven by existing customer demand, especially from banks wishing to extend the benefits of co-location to their bond activity,” he added.

Back in late November, FXecosystem 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. The group already possessed 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. As per its newest upgrade however, FXecosystem was integrated into Hibernia’s new Ultra 5 Express Circuit, consequently offering clients a reduced RTD between London and New York.