Fidelis Capital Markets selects FCM360 for low latency hosting
24 September 2013 | 1900 views | 0
FCM360 was recently selected to provide high-speed, low-latency hosting to Fidelis Capital Markets, the Auckland, New Zealand-based Foreign Exchange (Forex) broker that is known for flawless Straight Through Processing (STP), superb banking relationships and deep bank liquidity with tight spreads.
In making the decision, Rajinder Singh Grewal, Fidelis CM Director, cited FCM360's ability to eliminate all worries over execution speeds due to latency. "With FCM360 we have servers in NY4 and NY2 with our aggregator and liquidity providers in the same data centers to eliminate any latency concerns. The servers are the lifeline of our business. Knowing that FCM360 is managing them allows us to provide a reliable trading environment to our traders and lets us concentrate on growing our business."
FCM360 provides brokers of any size with a trading infrastructure comparable to the largest banks and financial institutions in the world. With FCM360, Fidelis CM can connect with anyone in the industry over low-latency, high-end infrastructure giving the firm a presence in every financial center in the world. To reduce latency to microseconds, algorithms are uploaded to sit in Equinix NY4 and LD4 or at any of the other major foreign exchange trading locations in the world.
Fidelis CM (http://www.fideliscm.com) is the latest client in FCM360's global partner network of Forex brokers and liquidity providers. Last month, FCM360 brought high-speed, low-latency trading connectivity to South Africa by partnering with one of South Africa's largest financial technology providers. FCM360 offers global brokerage firms and traders a level playing field in high-speed, low latency infrastructure. They have recently expanded these services to brokerage firms and traders in Moscow, Cyprus, India, Hong Kong, and Tokyo.
Grewal also noted, "FCM360 has been instrumental in fulfilling our company goal of providing low-latency trade execution to all our clients. They provide us with a turnkey solution to meet our data-center management needs which is already helping us grow at an accelerated pace."
Fidelis CM was founded in 2011 on a Non Desk Dealing (NDD) business model and is known for delivering a true Electronic Communication Network (ECN) with Straight Through Processing (STP)TP). Fidelis CM also provides Tier 1, multi-bank liquidity, low latency access to exchanges.
Grewal's selection was also based on FCM360's worldwide reputation for reliability - especially during major weather events or terrorist activity. During Hurricane Sandy FCM360 clients remained operational throughout the hurricane and its aftermath while other institutions had to cease trading. Said Jubin Pejman, FCM360, managing director, "To further enhance our reliability we are moving parts of our operation away from the more vulnerable financial centers. For example, FCM360 has established data center engineering operations in the Washington, DC area and a Network Operation Center (NOC) and Call Routing Facility in Seattle, Washington."
The managed dedicated hosting solutions provided by FCM360 allow clients to run any black box, algorithm or exchange approved OMS/ISV software within low latency proximity to exchanges and liquidity pools in the North America, Europe and Asia.
Fidelis CM offers a true institutional environment and is able to provide liquidity to other brokers with a robust aggregation engine that supports any prospective client. The firm also provides dedicated MT4 broker servers in Equinix NY4 and LD4 locations as is often needed by its institutional clients. Fidelis CM is offering turnkey Forex servers for its MT4 and FIX trading clients within micro-seconds of the matching engine.
Future plans call for offering daily trading call, online tutorials and market analysis.