ICAP, an interdealer broker, and Equinix, a provider of network-neutral data centers and internet exchange services, have announced the introduction of a new premium ICAP connectivity service for financial market participants trading in North America.
The new service, i-Cross, will provide a high-bandwidth, low latency connection to both ICAP’s BrokerTec and EBS platforms from a common data center for the first time. The i-Cross service will be available before the end of the year. The new service will facilitate the hosting of customers’ equipment and network connectivity within two of Equinix’s Internet Business Exchange (IBX) centers in the New York region, ensuring the fastest possible data exchange platform. i-Cross will be available to all customers trading benchmark US Treasuries on the BrokerTec platform and to all customers trading on the EBS platform via its Spot Ai trading application in North America.
Ed Brown, head of business development and research at ICAP electronic broking said: Financial institutions are increasingly looking for high-speed, low-latency access options that meet the demands of their changing trading strategies. By working together with Equinix to offer this premium connectivity service, we are offering our customers greatly enhanced access to both the EBS and BrokerTec platforms. For the first time, customers will be able to connect to both platforms from a common data center.