Leading European Bank

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Leading European Bank

The client is a major European Bank which provides FX prime brokerage services to its customers. Centred around the provision of consolidated credit, legal and execution broker access, the service is accessed through a proprietary eFX platform.

The client had recognised for some time that they were losing market share and were aware that their FX trading infrastructure was sub-optimal. Their pricing engines were located within the bank’s corporate datacentre facilities and access to FX venues and customers was being facilitated through legacy third party arrangements that had been in place for almost a decade.

Brief

  • Design, deliver, maintain and support a competitive global low latency FX infrastructure

  • Regional hosting of eFX pricing engines and platform within primary FX datacentres in London, New York and Tokyo

  • Regional access to multiple FX venues, ECNs, currency banks and execution brokers

  • Reduce client onboarding times (infrastructure) to a maximum of 2 weeks from order

  • Deliver cost benefit and a compelling ROI

Solution

FXecosystem was chosen as the preferred supplier of FX infrastructure and connectivity services for the following reasons:

  • Low latency market access. FXecosystem already had the required FX liquidity venues, ECNs and banks on-net within its low latency Meet-me-Room™ solution

  • Colocation at the source of the markets. Hosting in FXecosystem’s fully managed cabinets at Equinix IBX datacentres in LD4, NY4, HK1 and SG1

  • Continuous performance upgrade path delivered through evergreen policies for low latency connectivity routes and hardware

  • Real-time performance monitoring & analytics that dovetail with the client’s own network/trading operations and support processes

  • 24/7 active monitoring and support with dedicated account management

  • Domain experts, established in 2010 and dedicated to FX and fixed income connectivity and infrastructure services

  • The client found FXecosystem’s experience and understanding of the broker market especially valuable