LMAX Installs Scott Moffat as Executive Director and Head of Hong Kong Office

LMAX Exchange has launched a Hong Kong office for its global FX services, naming acting COO Scott Moffat as its newest executive director and head of the SFC licensed broker.

LMAX’s Hong Kong Ltd. is an SFC licensed broker that will be offering its array of services to both institutional and professional clients in Hong Kong. Furthermore, clients will now gain exposure to trading FX products, numbered at over 60 FX pairs, and access to FX Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.

Mr. Moffat has worked at LMAX Exchange since 2008 with his most recent role being COO since the middle of 2003. Prior to this, he also worked at LMAX in the role of money laundering reporting officer and the head of operations.

According to Mr. Moffat in a statement on the new office, “The establishment of LMAX Hong Kong as an SFC licensed broker significantly contributes to the firm's growing presence in Asia Pacific; the recent addition of a new matching engine in Tokyo (TY3) means we can offer the same low latency Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of under 4ms to our clients in Asia Pacific, that our clients currently enjoy in LD4."

"LMAX Exchange is leading the industry towards transparency through its unique exchange trading business model, and we've witnessed a real shift in FX trading towards transparent price discovery and fair execution over the past few years. In 2015 our goal is to become a leading player in FX trading in Asia Pacific by offering that same transparent, neutral, level playing field for all market participants in the region," added David Mercer, CEO of LMAX Exchange in an accompanying statement.