PrimeXM Strengthens its Leading Presence by Adding a New Data Center in Singapore

The Swiss-founded fintech PrimeXM announced it has added a new trading data center in Singapore to further expand  its technology services in Asia. And Singapore are now PrimeXM's fourth major global foreign exchange trading location together with  London, New York, and Tokyo.

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According to the offcial news released by PrimeXM, 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.

PrimeXM 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, which means 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", said PrimeXM in the news. PrimeXM will also be pursuing ABS OSPAR attestation in the coming months. 

"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." 

Fazzaco reported that PrimeXM has released its trading volumes for the month of March across the 3 major Data Center locations, revealing a solid performance in all trading metrics.​