Further development is coming to the Chinese FX market with investments targeting growth in the sector. One of such effort is CFH Systems’ invested effort in laying dedicated fibre connection between London and Beijing, aimed at bridging the FX liquidity of London with mainland China.
The project is championed by CFH Systems, a Copenhagen based trading technology company which specializes in developing advanced online trading services for financial institutions worldwide, mainly within FX and CFDs and is being partnered by China Unicom, a Chinese company which specializes in the provision of internet services. The connectivity solution is expected to go live is in a couple of months, namely April, 2015.
This solution is expected to create a reliable route, with the lowest possible latency for trading activities between Europe and China.
As explained by Ole Rossing, CIO of CFH Systems; “Typically, internet traffic between China and Europe are routed through North America and the Pacific Ocean, but with these new landlines in place, all CFH customer traffic will automatically be routed through the shortest path, using a high quality line to ensure the lowest possible latency”
When concluded, the system will create a much better solution for CHF systems as its matching, order and execution system will now be moved to a location closer to its London-based clients and liquidity providers, leading to cost benefits and ultra low latency.