Electronic foreign exchange portal Atriax is using managed Internet infrastructure hosting services from Loudcloud to support its global technology roll-out this month.
Backed by Citibank, Deutsche Bank, JP Morgan and Reuters, Atriax has been established to offer corporate customers a one-stop shop for foreign exchange news, research, price discovery and trade execution services. It is competing with a number of other similar ventures, including independent operator Currenex and bank-backed FXall.
Stephen Epstein, Atriax's chief technology officer, says the deal with Loucloud will guarantee constant availability to Atriax's 60 member banks and corporate users. "Loudcloud, with its Opsware automation technology, application expertise and process driven operational capability gives us the confidence to promise all our members globally that the Atriax dealing and information engines will have around-the-clock availability."