Colt Launches FX Liquidity Access Service Consolidating Industry Nexuses

Tuesday, 30/09/2014 | 08:58 GMT by Jeff Patterson
  • Colt Technologies has launched its new FX Liquidity Access Service, which effectively bridges FX market participants from global hubs such as London, New York, and Tokyo.
Colt Launches FX Liquidity Access Service Consolidating Industry Nexuses
colt

Colt Technologies has launched its new FX Liquidity Access Service, which effectively bridges FX market participants from global hubs such as London, New York and Tokyo.

Colt has gone into partnership with several entities over the past few months, including CMC Markets and the London Metal Exchange (LME). Its newest focus however has been reserved for FX services, which receive an ardent boost with the new liquidity access service.

The service itself helps foster low latency connectivity and proximity Hosting . Colt has previously focused on access to London’s FX market, though the new service ultimately widens the score of its exposure. In essence, the new service coalesces Equinix’s International Business Exchange (IBX) data centers in London (LD4), New York (NY4) and Tokyo (TY3), simultaneously utilizing Colt’s managed IT services.

According to Naz Dossa, VP Capital Markets at Colt, in a recent statement on the service offering, “As customers increasingly look to exploit opportunities in new geographical markets and asset classes, the focus of a wider group of participants has turned to the global Foreign Exchange market. Market participants are always looking for faster speeds and increased efficiency in their trading activities to execute better than their competitors. Low latency and global solutions are becoming key for banks looking to provide competitive spreads to their clients.”

“Today’s announcement demonstrates Colt’s ability to keep our clients ahead of the competition by putting them where they need to be strategically to take advantage of the increasing electronification of the FX market. The addition of this global FX capability also delivers economies of scale as clients do not have to engage multiple vendors for their global activities, leaving them to concentrate resource on trading strategies,” Dossa added.

In addition, “As Equinix’s foreign exchange trading ecosystem continues to grow, we’re seeing more firms taking advantage of global opportunities and deploying across multiple regions. By launching its new service inside our data centres, Colt Capital Markets is providing a valuable new service to more than 800 buy and sell-side organizations, trading venues and services providers,” stated Stewart Orrell, Managing Director of Global Financial Services at Equinix, in an accompanying statement.

colt

Colt Technologies has launched its new FX Liquidity Access Service, which effectively bridges FX market participants from global hubs such as London, New York and Tokyo.

Colt has gone into partnership with several entities over the past few months, including CMC Markets and the London Metal Exchange (LME). Its newest focus however has been reserved for FX services, which receive an ardent boost with the new liquidity access service.

The service itself helps foster low latency connectivity and proximity Hosting . Colt has previously focused on access to London’s FX market, though the new service ultimately widens the score of its exposure. In essence, the new service coalesces Equinix’s International Business Exchange (IBX) data centers in London (LD4), New York (NY4) and Tokyo (TY3), simultaneously utilizing Colt’s managed IT services.

According to Naz Dossa, VP Capital Markets at Colt, in a recent statement on the service offering, “As customers increasingly look to exploit opportunities in new geographical markets and asset classes, the focus of a wider group of participants has turned to the global Foreign Exchange market. Market participants are always looking for faster speeds and increased efficiency in their trading activities to execute better than their competitors. Low latency and global solutions are becoming key for banks looking to provide competitive spreads to their clients.”

“Today’s announcement demonstrates Colt’s ability to keep our clients ahead of the competition by putting them where they need to be strategically to take advantage of the increasing electronification of the FX market. The addition of this global FX capability also delivers economies of scale as clients do not have to engage multiple vendors for their global activities, leaving them to concentrate resource on trading strategies,” Dossa added.

In addition, “As Equinix’s foreign exchange trading ecosystem continues to grow, we’re seeing more firms taking advantage of global opportunities and deploying across multiple regions. By launching its new service inside our data centres, Colt Capital Markets is providing a valuable new service to more than 800 buy and sell-side organizations, trading venues and services providers,” stated Stewart Orrell, Managing Director of Global Financial Services at Equinix, in an accompanying statement.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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