Industry NewsJuly 13, 2018

Bitfinex Partners With Market Synergy to Offer Institutional Connectivity

James Banister, Chief Executive Officer of Market Synergy,
James Banister, Chief Executive Officer of Market Synergy,

Bitfinex, one of the world’s largest cryptocurrency operators, has picked Swiss-based Market Synergy to provide high-performance connectivity for institutional clients. The company has designed and built a bespoke network for Bitfinex, hosted in a Swiss data center in the heart of Crypto Valley.

Market Synergy was founded by James Banister, who has also created FXecosystem and Bondecosystem, both of which are institutional market leaders in outsourced connectivity in their respective asset classes. The three firms are separate companies within the FXecosystem Group.
The partnership with Bitfinex will also have Market Synergy managing co-location services for Bitfinex’s institutional clients and offering a FIX feed and ISP link to the digital asset gateway.
James Banister, Chief Executive Officer of Market Synergy, said:
“As the demand for cryptocurrency trading gathers momentum, we spotted a gap in the market for an institutional caliber cryptocurrency connectivity offering. Following over two years of research and planning, we have launched Market Synergy to take us into a new asset class, with the aim of becoming the leading institutional outsourced connectivity provider in the cryptocurrency space. We are delighted to have been selected by Bitfinex, one of the world’s largest cryptocurrency exchanges to manage their global connectivity.
Paolo Ardoino, Chief Technology Officer of Bitfinex
Paolo Ardoino, Chief Technology Officer of Bitfinex

“We have worked very closely with Bitfinex to evaluate their needs, select the ideal data center and set up the correct infrastructure to create a bespoke network with connections to their digital asset gateway for professional traders. We are now ready to go live, having invested in and set up our infrastructure in a secure data center in Switzerland which hosts servers for a number of major financial institutions.  We can also offer colocation services to any Bitfinex institutional client”, Banister added.

Paolo Ardoino, Chief Technology Officer of Bitfinex, commented:
“We are very pleased to collaborate with Market Synergy to facilitate improved access to digital assets via Bitfinex. We are experiencing first hand the immense institutional interest in cryptocurrency trading and we are excited to be able to pioneer its development.”
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