Fortis Bank Global Clearing (FBGC), a provider of clearing and market access services, is offering clients a single point of entry to multiple exchanges in the Asia-Pacific region via proximity hosting and co-location data centres.
FBGC will provide access to the data centres for algo traders, market makers and hedge funds through an internally-managed, high-speed global network. The firm’s Asia-Pacific division built the network over a 12-month period to encompass more than 12 data centres in the region, including facilities in Singapore, Sydney in Australia and Tokyo and Osaka in Japan.
FBGC said it went to “considerable expense” to establish a state-of-the-art data centre in Hong Kong to get as close to the exchange as possible. It claims that by connecting to the network clients can avoid lengthy and expensive implementations and can use shared exchange lines of connectivity in Asia-Pacific and globally.
“This highlights Fortis Clearing’s commitment to developing a low-latency infrastructure which meets our current and potential client base demands,” said Andrew Bennett, head of market access, Asia-Pacific, at FBGC, in a statement. “By linking co-location and proximity sites via multiple best of breed suppliers we have created a product which I believe to be unrivalled both on a regional and global scale.”