Published On: Fri, Nov 15th, 2013

FXCM Deploys Matching Engine in Equinix IBX Data Center in Tokyo

David Wilkinson, Senior Director Business Development Equinix Asia

David Wilkinson, Senior Director Business Development Equinix Asia

Equinix, Inc., the global interconnection and data center company, today announced that FXCM Inc. (NYSE: FXCM), a leading online provider of foreign exchange (FX), trading and related services worldwide, has selected Equinix’s Tokyo-3 (TY3) International Business Exchange™ (IBX®) data center to deploy its second global matching engine. The expansion into Tokyo, a key regional hub for FX electronic trading in Asia, helps FXCM provide faster, high performance trading services for its customers in the region. FastMatch, a joint venture among FXCM, Credit Suisse Group AG and BNY Mellon, also plans to deploy its matching system for foreign exchange trading, in the same facility in early 2014.

At the end of the third quarter 2013, there were over 188,000 tradable accounts on platforms offered by FXCM. According to the Bank for International Settlements, Japan ranks in the top two foreign exchange hubs in Asia, with yen transactions jumping 63 percent between 2010 and 2013, the biggest increase in activity among major currencies.
To address the continued growth of its customer base and FX trading volumes in Asia, FXCM chose Equinix for its highly secure and reliable data center services that enable its customers to trade at a faster execution speed. Building on the success and confidence of deploying in Equinix’s IBX data center in New York in 2009, FXCM has chosen to deploy another matching engine in TY3.

“Over the years, we’ve witnessed huge demand for data center services in Japan driven by financial services companies, trading platforms and liquidity providers. TY3 offers extensive network choice and the ability to interconnect with a wide range of customers, business partners and service providers to support Equinix’s financial services customers,” said David Wilkinson, senior director, financial services and enterprise, Equinix Asia-Pacific. “FXCM’s deployment of its second global matching engine demonstrates our strength in providing premium data center services and fortifies the global financial ecosystem inside Equinix.”

Strategically located within Tokyo’s city center, TY3 offers FXCM the advantage of close proximity to major financial exchanges in Japan, as well as liquidity providers and institutional investors who are increasingly adopting cross-asset trading execution strategies, including FX. Close proximity combined with access to the broadest choice of networks in the region, and over 950 globally, enables FXCM to improve network latency by 95 percent, enhancing trading performance for its customers.

FastMatch, a matching system for foreign exchange trading, plans to deploy an additional matching engine in the same facility in 2014. With FastMatch located in TY3, customers will have access to real time transparent quotes and trade information, as well as a large pool of diversified liquidity at unparalleled speed in Japan and across the Asia-Pacific region.

“The deployment of our global matching engine in one of Equinix’s IBX data centers in Tokyo is a strategic move for FXCM to further expand our business and market leadership in online FX trading,” said Kazunori Iida, President and Representative of Board of Directors, FXCM Japan. “The proximity to liquidity providers and FX trading platforms inside Equinix’s financial ecosystem is critical for us to provide high-speed and reliable online trading for our customers in Asia Pacific. We’re pleased to announce that all of our Japanese major accounts are now live and trading on the Japan system.”

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