Cboe FX Expands Geographical Footprint

Cboe FX is extending its FX infrastructure with the aim of expanding access to the firm’s trading platforms for customers in Europe and Asia Pacific.

The firm recently opened a point-of-presence (PoP) at the Equinix TY3 data centre in Tokyo and has also unveiled plans for a London matching engine for Cboe SEF, its NDF platform.

Cboe FX says the Tokyo PoP extends access to its infrastructure in the Equinix NY5 data centre from the Asia Pacific region. It offers access to real-time market data and order entry connectivity for Cboe FX and Cboe SEF, and, the firm says, is actively onboarding clients. It adds the PoP offers connectivity between the two data centres with a latency of 137 milliseconds.

The London matching engine will replicate Cboe SEF’s existing matching engine technology at NY5. With Asia currency pairs accounting for “a significant portion” of Cboe SEF volumes, Cboe FX says the new matching engine will enhance its service to customers based in Asia and Europe, further diversifying the order flow on the platform and creating greater matching opportunities for clients.

The new matching engine will includes both Sweepable and Full Amount protocols and is scheduled to go-live in Q2, 2023, subject to regulatory review.
“We are excited to further expand access to our trading and market data products to customers based in Europe and Asia Pacific,” says Vivian Yiu, SVP, COO, Cboe FX. “These developments will help grow and diversify the liquidity for both Cboe FX and Cboe SEF, enhancing the trading experience for all our clients and demonstrating our commitment to being the leading global institutional FX trading platform.”