The First from Asia, GF Futures to Co-locate on NYSE Liffe
London-based global derivatives exchange NYSE Liffe has announced that Hong Kong-based futures commission merchant (FCM) GF Futures will co-locate at NYSE Euronext's European datacenter, Liffe's first Asian customer to make the move.
"Co-locating servers [there] allows us to expand our business further into European markets. Through our co-location offering and acting as their broker, we have already brought access to our first high-frequency trading customer, a major player in the Asian markets, who will be trading the European interest rate Euribor contract and European equity index futures," says Xiao Cheng, general manager of GF Futures.
The move comes after NYSE Liffe opened a Hong Kong office last December to generate new business and strengthen existing alliances there and in mainland China.
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