LMAX Exchange and Z.com Trade extend liquidity solution to MT4 clients through PrimeXM
London UK, 9 March 2015 – A three party alliance between the world leading FCA regulated MTF for FX, the world’s largest retail FX provider and a leading MT4 bridge solution is opening access to a unique no ‘Last Look’ liquidity pool to a new group of traders.
LMAX Exchange, the FCA regulated MTF for global FX and the UK’s fastest growing technology firm, and Z.com Trade, a subsidiary of GMO CLICK, the world’s largest retail FX provider, have extended their partnership to offer a no ‘Last Look’ liquidity solution and exchange quality execution to MT4 clients for the first time. This solution will enable the MT4 clients of Z.com Trade to access no ‘Last Look’ liquidity from LMAX Exchange via PrimeXM, a leader in institutional grade bridging and hosting solutions. Clients will trade on streaming, firm limit order liquidity from the LMAX Exchange London-based (LD4) matching engine and benefit from the exchange quality execution in over 80 FX instruments at matching speeds of less than 4ms.
Furthermore, the previously announced LMAX Exchange partnership with Z.com Trade, which gave FIX API clients of Z.com access to LMAX Exchange liquidity in LD4, has now been extended to include liquidity from the company’s Tokyo-based matching engine (TY3).
Andreas Wigstrom, Head of International Development at LMAX Exchange, commented: “This next stage of our partnership with Z.com Trade extends the reach of LMAX Exchange technology and delivers unparalleled execution experience to a broader international trading community. Our alliance brings together the unique strengths of our companies, enabling us to further capitalise on growth opportunities in emerging and established markets.”
Nick Cropper, General Manager at Z.com Trade, said: “Extending our partnership with LMAX Exchange to now include MT4 client access is an important step. In these uncertain times, the Z.com Trade and LMAX Exchange partnership delivers strong value to our clients by offering both the security of trading with the world’s largest retail FX provider and access to the completely transparent, no ‘Last Look’ exchange quality execution provided by LMAX Exchange.”
Richard Bartlett, Head of Global Sales at PrimeXM, added: “We feel privileged to be a part of this innovative alliance. We will be facilitating this setup through the use of our market leading ultra-low latency trading software, backed up by our dedicated Equinix datacentre infrastructure. This will allow LMAX Exchange and Z.com Trade to offer potentially the finest trading experience and tightest pricing commercially available. ”
For further information please contact:
LMAX Exchange (London):
Barbara Pozdorovkina T: +44 20 3192 2510 E: [email protected]
Z.com Trade Media Team
E: [email protected]
About LMAX Exchange
Ranked No.1 fastest growing technology firm in Britain (2014 Sunday Times, Tech Track 100), LMAX Exchange is the leading MTF for FX, authorised and regulated by the FCA. Servicing retail brokers, funds, corporates, asset managers and banks, LMAX Exchange delivers a unique vision for global FX trading – a transparent, neutral, level playing field for all market participants, regardless of status, size or activity levels.
The LMAX Exchange OPEN order book is driven by streaming, no ‘Last Look’ limit orders supplied by General Member liquidity providers. LMAX Exchange offers a range of key products, including spot FX, precious metals, commodities and equity indices, with complete pre and post-trade transparency and order execution where no ‘last look’ is standard. Orders are executed in strict price/time priority at an average speed of 4ms.
LMAX Exchange – the emerging benchmark for global FX.
FX Industry awards
Financial technology awards:
2017 Best FX Trading Venue - (ECN/MTF) – Fund Technology and WSL Awards more
2016 Best Trading & Execution Technology – HFM US Technology Awards more
2013 Best Overall Testing Project – The European Software Testing Awards more
2011 Best Trading System – Financial Sector Technology Awards more
FX industry awards:
2018, 2017, 2013 Best Execution Venue – Forex Magnates Awards more
2017, 2016, 2015, 2014, 2013 Best FX Trading Venue - (ECN/MTF) – WSL Awards more
2017, 2016, 2015, 2014, 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more
2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awardsmore
Business growth awards:
2016, 2015 Winner – Deloitte UK Technology Fast 50 more
2016, 2015 Winner – Deloitte EMEA Technology Fast 500 more
2015, 2014, 2013 Fastest Growing Tech Company in the UK – The Sunday Times Tech Track 100 more
LMAX Limited operates a multilateral trading facility (MTF). Authorised and regulated by the Financial Conduct Authority, FCA Registered no. 509778.
About the GMO CLICK Holdings Group
GMO CLICK is one of the largest online financial service providers in Japan, offering a comprehensive range of financial instruments covering stock trading, foreign exchange, futures, options and CFDs to retail investors.
The group’s mission is to create trading technology and conditions that combine the lowest costs and the greatest ease-of-use possible.
Building on its success in the Japanese market, the Group expanded from Tokyo to establish an international presence in the other major financial centres of London and Hong Kong, bringing its services to traders worldwide. Part of the GMO Internet Group which recently announced its new global brand “Z.com”, the UK-based subsidiary of GMO CLICK will be using the service name “Z.com Trade.”
GMO-Z.com Trade UK Limited is authorised and regulated in the UK by the Financial Conduct Authority (firm reference number 622897).
PrimeXM is a Swiss based technology provider, recognized globally as a leader in bridge aggregation and institutional grade hosting solutions, providing bespoke ultra-low latency set-ups for FX Brokers, Banks, LPs, Hedge Funds and Asset Management firms. Their main offering, the “XCore”, is a state of the art execution engine, co-located and cross-connected to over 50 tier-one LPs and industry leading market makers; allowing clients to facilitate connectivity at sub-millisecond speeds, to virtually any liquidity sources and front end trading platforms. PrimeXM’s technology offering enables brokers to compose, customize and distribute their own liquidity to other entities as well as individuals. Their highly advanced trading software is coupled with a dedicated data- centre infrastructure in Equinix LD4, NY4 and TY3, which they fully own and manage internally. This results in superior levels of system performance, reliability and scalability that few others can compete with.