Transaction Network Services (TNS) has added a new managed hosting co-location and connectivity service in Frankfurt’s FR2 data centre.
Swiss-based Market Synergy, a new business formed as part of the FXecosystem group, says it is now offering connectivity to cryptocurrency exchange Bitfinex.
In addition to providing outsourced connectivity and hosting services to Bitfinex, Market Synergy says it can also manage co-location services for Bitfinex’s institutional clients and offer a FIX feed and ISP link to the digital asset gateway which Bitfinex recently launched in collaboration with Connamara.
The firm says as the demand for cryptocurrency trading gathers momentum, it spotted a gap in the market for an institutional calibre cryptocurrency connectivity offering.
FX markets are largely seen as mature in terms of market structure and technology, but what about fixed income markets? Colin Lambert talks to Steve Toland, founder of TransFICC about the complexities and challenges involved in modernising these markets.
He finds that while fixed income markets are behind FX markets in terms of market structure and automation, they are catching up quick, but the biggest challenge is the sheer breadth and complexity of products traded - often on the same desk.