7Hedge and Fixnetix Sign Connectivity Agreement
Fixnetix is pleased to announce that it has signed an exclusive agreement with 7Hedge, a global provider of FX spot liquidity and execution solutions.
The collaboration sees Fixnetix providing connectivity to 7Hedge, specifically in the LD4 and NY4 data centres (Slough, UK and Secaucus NJ, USA). 7Hedge will be utilising the established, fast and resilient Fixnetix network, which consists of a global backbone of over 40 data centres and connectivity to over 90 markets. Hosting 7Hedge on the mature infrastructure that Fixnetix has in place will allow clients to establish connectivity to 7Hedge quickly and easily on a global scale.
“We are the first ECN to offer such connectivity options via Fixnetix at zero cost. We will be delivering even faster execution with ultra-low round-trip latency to many existing clients as well as on-boarding new clients wishing to leverage and profit from this unique relationship”, said Ashwind Soonarane (Global Liquidity & Distribution, 7Hedge).
“Fixnetix are happy to support 7Hedge in continually driving innovation in the FX marketplace. Our robust, low latency global network provides the perfect highway to connect market participants further” said Hugh Hughes, Chairman and CEO of Fixnetix.
Market access to 7Hedge will be offered to clients free of fees by Fixnetix as 7Hedge will be providing sponsorship. 7Hedge, with its global drive to increase liquidity to the FX marketplace has invested to ensure the cost of new client connections remains competitive.