London, 16 December 2014 - The UK’s fastest growing technology firm, LMAX Exchange, today announced the launch of a matching engine in the Equinix IBX Data Centre in Tokyo (TY3). This will give brokers, asset managers and funds in Asia Pacific access to LMAX Exchange at execution speed of less than 4ms.
Adding a matching engine in Japan, the market accounting for over 40% of the global retail FX volumes, is a major milestone in global expansion for the London-based LMAX Exchange. The leading FCA regulated MTF for FX trading, LMAX Exchange operates its original matching engine from Equinix London data centre (LD4/5), delivering exchange style, non ’last look’, low latency execution.
LMAX Exchange CEO, David Mercer, commented: “Over the past couple of years, we have witnessed a real shift in FX trading towards transparent price discovery and a level playing field. LMAX Exchange is leading this industry change towards transparency and with clients in over 80 countries, our main objective is to deliver consistently low latency and exchange quality execution around the globe. With the launch of the Tokyo matching engine, we can now offer the same low latency execution in under 4ms, that all our clients enjoy in LD4, to our clients in Asia-Pacific.”
Andrew Phillips, Director of Technical Operations at LMAX Exchange, added “Through TY3 we gain close proximity to major financial institutions in Japan; this combined with access to the broadest choice of networks, means our Tokyo matching engine can deliver sustained processing capacity of 40,000 orders per second, giving us a significant competitive advantage in the region.”
Liquidity providers and major regional brokers have welcomed the announcement. Alex Gerko, Head of Trading at GSA Capital, commented: “LMAX Exchange has a truly unique business model, enabling complete transparency and level playing field to both the buy and sell-side. We are excited to continue working with LMAX Exchange and pricing into the new Tokyo venue, bringing the benefits of limit order-based, low latency execution to clients in Asia-Pacific.”
David Wilkinson, Senior Director, Financial Services and Enterprises, Equinix Asia Pacific, commented: “The deployment of LMAX Exchange in Japan signifies the exuberant growth in the region, as more and more financial services providers and FX trading platforms are expanding into Tokyo. It also further strengthens TY3 as our FX hub in the region, demonstrating our global financial ecosystem inside Equinix.”
For further information please contact:
LMAX Exchange (London):
Barbara Pozdorovkina T: +44 20 3192 2510 E: firstname.lastname@example.org
About LMAX Exchange
Recognised as one of the UK’s fastest growing technology firms, LMAX Exchange is the leading MTF for FX, authorised and regulated by the FCA. Servicing funds, banks, brokerages and asset managers, LMAX Exchange delivers firm liquidity, anonymous exchange quality execution and a secure, transparent level playing field to all market participants, regardless of status, size or activity levels.
The LMAX Exchange open order book is driven by no ‘last look’ limit-order liquidity from top tier banks and non-bank financial institutions. Orders are executed in price/time priority with real time streaming continuous market and trade data published to all members. Offering a comprehensive range of instruments including spot FX, precious metals, commodities and equity indices, LMAX Exchange operates a global FX exchange infrastructure with matching engines in London, New York and Tokyo.
LMAX Exchange - a unique vision for global FX.
Business growth awards:
2016, 2015 Winner – Deloitte UK Technology Fast 50 more
Deloitte UK Technology Fast 50 is a ranking of the 50 fastest-growing technology companies in the UK, based on percentage growth of fiscal year revenues over the last four years. close
2015, 2014, 2013 Fastest Growing Tech Company in the UK – The Sunday Times Tech Track 100 more
LMAX Exchange has been recognised amongst the UK’s fastest growing technology firms for three consecutive years. Tech Track 100, compiled by Fast Track annually and published by the Sunday Times each September, lists Britain’s 100 fastest-growing private tech companies based on sales growth over the last three years. close
2016, 2015 Winner – Deloitte EMEA Technology Fast 500 more
The Deloitte EMEA Technology Fast 500 pre-eminent technology awards program is a ranking of Europe, the Middle East, and Africa's fastest-growing technology companies based on percentage revenue growth over three years. close
FX industry awards:
2017, 2016, 2015, 2014, 2013 Best FX Trading Venue - (ECN/MTF) – Fund Technology and WSL Awards more
LMAX Exchange has been awarded The Fund Technology and WSL Awards “Best FX Trading Venue - ECN/MTF” for five consecutive years. The awards honour excellence among providers to the institutional trading industry. close
2016, 2015, 2014, 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more
LMAX Exchange has been awarded The Profit & Loss Readers’ Choice Awards “Best Margin Sector Platform” for four consecutive years. These awards are voted on by the readers and recognise excellence within the foreign exchange industry throughout the previous year. close
2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awards more
LMAX Exchange has been awarded The Wall Street Letter Institutional Trading Awards “Best Infrastructure/Technology Initiative” in 2014. WSL awards honour excellence among providers to the institutional trading industry. close
Financial technology awards:
2016 Best Trading & Execution – HFM US Technology Awards more
The HFM US Technology awards recognise hedge fund technology providers that have demonstrated exceptional customer service and innovative product development in the past 12 months. close
2013 Best Overall Testing Project – The European Software Testing Awards more
2011 Best Trading System – Financial Sector Technology Awards more
The FST Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector. close
LMAX Limited operates a multilateral trading facility (MTF). Authorised and regulated by the Financial Conduct Authority, FCA Registered no. 509778.