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Abstract:Discover how Finalto is strengthening its global presence by enhancing SG3 connectivity in Singapore, reducing latency, and improving services for its Asian customers.
“Finalto's introduction of the Singapore data center offers our customers the advantage of the three biggest FX data centers by volume. This translates into a significant improvement in service delivery and execution abilities for our clientele in the Asian region.”
Finalto, a global trading and liquidity solution provider, has made public its latest expansion move into Equinixs SG3, a data center in Singapore. This significant milestone forms part of Finalto's strategic drive to cement its status as a “truly global liquidity provider.”
The anticipation surrounding this announcement has been rife, especially following Finalto's previous expansion into the New York-based NY4, another leading data center and liquidity pool, earlier in the year. This move signaled Finalto's intent to include SG3 in its network by mid-2023.
By extending its connectivity to include both NY4 and SG3, Finalto has significantly improved its capacity to cater to its client base, which spans over 80 countries and includes more than 600 diverse entities like retail brokers, banks, hedge funds, professional traders, and asset managers. Furthermore, this bold stride offers new prospects for both buy-side and sell-side companies, as it strategically positions Finalto ahead of its industry rivals.
Finalto's extensive B2B offering allows retail brokers to license its proprietary trading platform, CRM software, business-intelligence systems, and back-office operations. This coupled with its exclusive liquidity technology, which offers multi-asset execution, liquidity, prime brokerage services, and trading tools, presents retail brokers with a comprehensive suite of services.
The inclusion of SG3 into Finaltos network enhances its service offerings, catering to the fast-paced needs of customers worldwide. Particularly, clients from the Asia Pacific region now have access to more dynamic and lower latency services, all with the same quality Finalto is renowned for.
Finalto's robust network of data centers allows the company to deliver outstanding execution speeds across a wide array of client locations, thereby ensuring exceptional speed and reliability regardless of the user's geographical position. As Finalto reports, this new integration with the Singapore data center was made possible by its dedicated cross-functional team, which completed the task in a mere five months.
As pointed out by Paul Groves, the CEO of Finalto UK B2B with the addition of Singapore, Finalto has now truly become a “global liquidity provider”.
Matthew Maloney, CEO of Finalto Group, stated: “Our worldwide growth strategy is a demonstration of our commitment to consistently augment our service delivery to clients globally; our new Singapore data center is a substantial milestone in fulfilling this promise. This broadening and the local technology that supports it will notably enhance trading experiences by reducing latency for our Asian clients.”
Mikkel Olsen, Senior R&D Manager at Finalto, stated: “As we expand our technological infrastructure into Singapore, our dedication to data security and privacy remains at par with the high standards we maintain in our London and New York centers. We constantly adapt and optimize our technology to keep pace with the dynamic tech landscape. Leveraging our experience with NY4, we were able to set up the Singapore data center in a remarkable timeframe, without encountering any major issues.”
Finalto's Singapore Regional CEO, Alex MacKinnon, added: “The Singapore data center gives our customers access to the three largest FX data centers by volume, which markedly improves service delivery and execution capabilities for our Asia-based clientele. Besides the local latency reduction, Singapore serves as a valuable addition to our global network, functioning as a secondary execution point during any unlikely downtime in London or New York. With access to global liquidity sources, our clients can select the geographical centers that best meet their requirements.”
Finaltos growth strategy is guided by an ongoing commitment to better the trading experiences for its clientele globally, and the new Singapore data center significantly contributes to this objective. With this expansion, Finalto is not only extending its global footprint but also strategically leveraging localized technology to reduce latency for its clients based in Asia.
This move ensures Finalto's clients can always select the most suitable geographical centers that best align with their requirements, thereby optimizing their trading experiences. As a result, Finalto can now provide a more responsive service to its Asia Pacific clients, demonstrating its dedication to its customers worldwide.
As Finalto continues to extend its reach globally, it remains steadfast in its commitment to data security and privacy. As highlighted by Mikkel Olsen, Finalto's expansion into Singapore will follow the same rigorous standards of data protection upheld in their London and New York centers.
Finalto‘s dedication to adaptability and optimization of its technology, in line with the ever-changing technological landscape, further positions it as a market leader in the industry. This commitment, combined with Finalto’s swift execution in setting up the Singapore data center, is a testament to its agility and technical prowess.
With its steady expansion and commitment to enhancing service delivery, Finalto remains at the forefront of the FX industry as a truly global liquidity provider. By broadening its technological capacity and maintaining its commitment to data security and privacy, Finalto is setting an exemplary standard for the FX industry.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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