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Sep
23
PRIMEXM TO TERMINATE ON NET CONNECTIVITY
Posted by Barry Bahrami on 23 September 2015 06:09 AM
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CNS SERVICE ADVISORY: PRIMEXM TO TERMINATE ON NET CONNECTIVITY


Please be advised we have been notified by PrimeXM that they intend to terminate ON NET connectivity to the CNS network in NYC and UK this coming weekend. PrimeXM provides mainly back-end services (including MT4/5 server hosting) to FOREX brokers. CNS currently peers with more than 1000 networks worldwide, all settlement free ( https://radar.qrator.net/as29697 ). This provides not only an ideal connection between your trading applications and your broker, but also between you and your hosted VM. PrimeXM has been enjoying free ON NET connectivity to the CNS network in NYC and UK for some time.

On Tuesday morning, we received from PrimeXM a demand for payment to continue these same free peering connections you are already enjoying if you trade with a broker hosted by PrimeXM. They say this fee is to “cover connectivity demand and maintain the security and scalability of our infrastructure”. What they fail to consider is that we also have our own costs to maintain these very same things.

Peering is all about providing good connectivity to mutual customers. In at least one case that I am aware of, PrimeXM is utilizing ON NET to communicate with their very own customer’s MT4 server clear across the Atlantic Ocean. Clearly, PrimeXM does not understand the benefit these peering links are providing them, their customer brokers, you the end-trader and CNS. We maintain this network free of charge for all ON NET participants.
 
Peering between edge providers provides a mutual benefit to all parties and drives the cycle of innovation forward, for which everyone benefits – most especially the end-trader. We have declined the PrimeXM demand as a matter of policy. CNS peers with networks worldwide – both edge and ISP – settlement free to provide better IP connectivity for traffic between these networks and our ON NET partners. The moment any edge provider agrees to peering fees, the cycle of innovation will be damaged and traders will ultimately pay the price.

PrimeXM has already responded publicly that they intend to disconnect their settlement free connectivity to our ON NET network this coming weekend. You are receiving this alert because this action by PrimeXM may affect your automated trading with brokers hosted by PrimeXM.

We expect latency between CNS and PrimeXM to increase slightly. We have already reached out to brokers who will be impacted. If you are conducting high frequency trading on any of the following brokers then this action by PrimeXM may affect you:

 
Benchmark Group Sensus FX Optimax ADSS BDFX
DCFX Broker Firewoodfx Valbury Capital Armada Divisa
LMAX MTCOOK Saxo Synergy FX Tickmill
FxEthos Forex FS DCFX FinFX-PRO Traders Trust
Go Markets        



If your trading style is not latency sensitive or if you are not trading with any of the above brokers on your CNS VPS then this will not affect you.

If your trading may be impacted by this action by PrimeXM then there are options available to you. Your broker may be able to change PrimeXM’s mind before this weekend. Please reach out to your broker and ask them to contact their vendor – PrimeXM. Let them know that CNS is your chosen VPS provider and this action by PrimeXM will directly affect your trading.

If PrimeXM goes ahead and disconnects the free ON NET connectivity then there will be little your broker can do. You then may also want to explore other brokers who maintain an ON NET connection to the CNS network. Many will even pay for your CNS VPS subscription because they value the quality of the connection, support and security between you and them. Only CNS provides 24 hour telephone support, CNS Autoboot, Remote Admin, two-factor Authentication and a 100% uptime guarantee.

Our latency chart can be found here:
https://helpdesk.commercialnetworkservices.net/index.php?/Knowledgebase/Article/View/98/0/latency-to-popular-brokers-and-services-from-our-traders-vps

And a listing of brokers who currently sponsor all or part of a CNS VPS subscription can be found here:
https://helpdesk.commercialnetworkservices.net/index.php?/Knowledgebase/Article/View/119/0/bundling-program-members---get-a-free-or-discounted-cns-vps

Please note that ON NET brokers who are at risk of disconnection are still listed as ON NET unless Prime XM actually disconnects the peering links.

We have established this page on our heldpesk for you to keep updated on this issue if it affects you. Please check back for updates.

 

UPDATE:  CNS requests emergency intervention by regulators to protect traders [read]

UPDATE:   Termination by PrimeXM to CNS ON NET network [read]

Previous:  (Finance Magnates) PrimeXM Networks to Remove Cross Connects to CNS This Weekend [read]


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