Low latency infrastructure provider FXecosystem has completed a Series A funding round from both New York and London-based investors.
Richfield Capital Partners, a New York-based telecom investment bank, and a European-based private equity consortium have provided the funding.
“As is the case with every investment I have made, FXecoystem is uniquely meeting a specific customer need. They are leading the change in the marketplace and therefore have an outstanding future,” says Gary Sugarman, managing member of Richfield Capital Partners. Sugarman has been an investor in numerous telecom/data companies over the last 17 years.
Jock Percy, chief executive of FXecosystem, says the money would fund global expansion. “We are creating a new standard for the global FX market that provides market participants with far better options on speed, cost and risk. The majority of daily FX trading takes place between London and New York, and we are delighted that our funding partners reflect that same geographic dynamic and understanding.”