Wall Street Letter, June 2013 – A US-based matching engine may be in the cards for LMAX Exchange, the London-based multi-lateral trading facility for foreign exchange, according to CEO David Mercer.
The company is looking into New York as the location for a new matching engine, he said. “All the major players have matching engines in London and New York,” he added. The company will first build up the business in London to create a solid base, he said, adding the US play would likely be next year.
“We need to [...]