BT has today announced that Aphelion is to offer its foreign exchange (FX) autotrading system, Quasar eFX, as a globally-available hosted solution via the BT Radianz Managed Infrastructure. This will create a new delivery channel for the Swedish-based provider of eFX trading systems.

At the same time, BT has also announced it is to host Aphelion services in the BT Radianz Proximity datacentre in London, giving European customers of Quasar eFX rapid execution and access to market data.

The BT Radianz Managed Infrastructure supports the world’s largest secure networked financial community, serving over 15,000 member locations worldwide.

Aphelion’s Quasar eFX offers a true end-to-end automated trading solution connecting to any single- or multi-bank portal. The solution, capable of automatic real-time price searching and order handling, speeds up responses to the portals and decreases market access time for financial institutions with an international FX trading strategy.

Aphelion now joins the already large group of over 60 leading FX providers including 360T, Citi, Currenex, FXall and Hotspot FX, all of which enjoy unrivalled access to BT’s secure networked financial community.

Peter Jorgne, CEO, Aphelion, said: “Our key requirement in selecting a new hosting centre was to ensure its infrastructure has the scale and flexibility to respond to market volumes without impacting the speed of access. BT was a natural choice as it has a strong and established reputation in the market, a global footprint and the largest FX community, which includes our target market. The blend of our technology and BT’s managed infrastructure will bring our clients’ time-to-market down even further.”

Jose Antonio Martinez, managing director, Radianz & Payments, BT, said: “We are delighted to welcome Aphelion to the BT Radianz community. FX is a rapidly growing market with the value of average daily trading volumes increasing by over 100 per cent in total since 2004, and over 58 per cent of those FX trades are now electronic. This has prompted a surge in demand for BT Radianz services that provide traders with fast access to data and execution venues. London remains the world’s leading FX centre and so the City-based BT Radianz Proximity hosting facility is the perfect location for Aphelion to connect with all the major FX trading firms.”