Cyprus based forex broker technology and MT4/MT5 integration specialist PrimeXM has announced that it is further expanding its technology services in Asia, by adding a new trading data center in Singapore at Equinix SG1. The new Singapore location joins London, New York, and Tokyo as PrimeXM’s fourth major global foreign exchange trading location.
PrimeXM went live in Equinix SG1 in May 2021. Hedge Funds, Brokers, Non-Bank Liquidity Providers and Banks can now add Singapore to the list of major global FX trading centers by utilizing PrimeXM’s XCORE technology, as well as PrimeXM’s infrastructure solutions for hosting their own proprietary trading systems.
The company added that it has also successfully undergone a compliance readiness assessment based on the Association of Banks in Singapore Guidelines for Outsourced Service Provider Audit Report (“ABS OSPAR”) by PwC. The Outsourced Service Provider’s Audit Report (OSPAR) is the framework that external auditors use to validate the service provider’s controls against the criteria specified in the ABS (Association of Banks in Singapore) Guidelines.
By completing this readiness assessment PrimeXM said it demonstrates that the set of security controls of PrimeXM’s XCORE and Managed Infrastructure Hosting services meet the ABS Guidelines. The readiness assessment apart from the added assurance it provides to PrimeXM’s financial services customers it also showcases its continued efforts to reach the highest standards in its facilities as well as in deploying compliant financial services solutions. PrimeXM will also be pursuing ABS OSPAR attestation in the coming months.
PrimeXM is also ISO 27001 certified since May 2018, and undergoes annual audits based on the ISAE 3000 assurance standard, which provides assurance on confidentiality, security, and privacy of information.
“PrimeXM continues on its path of professionalism, reliability, and concrete growth”, Alexis Droussiotis, Chief Information Officer (CIO), stated. “Now”, he continued, “we are proud to say that PrimeXM offers global coverage with 4 state-of-the-art trading data centers. This will not only allow us to cater to our existing clients’ needs within the APAC region but also expand within the region and continue our successful expansion.”
PrimeXM is a technology provider to the global financial industry. Its key business focus is providing XCORE aggregation software, ultra-low-latency connectivity, institutional grade hosting solutions, and high-end MT4/MT5 Bridging and White Labels.