Refinitiv has migrated its spot and forward matching to a new primary data centre, Equinix Slough LD4, with Equinix New Jersey NY4 as the secondary centre.
The firm says the enhancements significantly improve market data feed and round trip latency for clients while subsequently reducing complexity and cost in connecting to Spot Matching. Furthermore, it adds, the move improves the business continuity capabilities of the Matching service.
The two data centres currently host a large majority of global FX infrastructure and services, including trading venues and market participants.
“Our clients rely on Matching as a key source of liquidity and price discovery, especially in times of market volatility for major currencies such as Sterling.” says Paul Clarke, head of FX venues, Refinitiv. “Matching delivers a powerful, cost-effective, and low-latency solution for FX traders, and our strategy is to simplify the solution for clients.”
Mark Bruce, head of FICC at Jump Trading, adds, “As a primary trading venue, determinism, resilience and redundancy are key metrics paramount to efficient FX market structure on which matching should be judged. The move to LD4 improves upon all of these metrics and is a market positive change to the Refinitiv ecology.”