BT connects world's five top forex markets

FinTech Innovation editors
Daily News

BT is linking up the world’s five main foreign exchange locations to help boost the competitiveness of its global financial industry customers.

The company is now offering BT Radianz FX express, which provides dedicated high-speed links between financial hubs in Singapore, Japan, Hong Kong, the UK and the US. The five hubs are involved in almost 77% of the world’s forex trading, according to the 2016 BIS Triennial Central Bank Survey.

The new Radianz FX express service claims to offer low-latency and cost-effective, fully managed connectivity that will give traders faster access to market data across the five locations, while making it easier for them to execute trades.

Radianz FX express links directly into the five key third-party global data centers in the forex trading world. These data centers were selected because each of the locations hosts the IT infrastructure of significant clusters of the forex trading community.

“Foreign exchange is the largest asset class by value traded globally. An average of US $5.1 trillion is traded on FX markets every day,” BT VP of global industry practices Hubertus von Roenne said.

“We’ve created managed BT Radianz FX express routes to boost the competitiveness of our financial services customers. With dedicated links within and between the world’s five biggest FX trading locations, BT can help FX firms lower costs while creating opportunities for international growth.”

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