LMAX Exchange Cements Far East Expansion with SFC Licensed Broker
- The establishment of a locally regulated brokerage arm aims to attract additional interest from the institutional side of the client spectrum and solidify the presence of LMAX in the Far East.
One of the leading multilateral trading facilities in the foreign exchange space has issued a company announcement highlighting a key development for the company’s business in Asia. LMAX Exchange will launch a Securities & Futures Commission of Hong Kong regulated entity to boost its profile for institutional investors in the region.
A company spokesperson shared with Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates, “Asia already accounts for a significant part of our business. Hong Kong is one of the fastest growing markets globally and represents a big expansion opportunity for the company. Having set up a fully licensed local broker in HK will enable the company to further penetrate the institutional market.”
As an SFC licensed broker, LMAX Hong Kong will offer its institutional and professional clients in Hong Kong the ability to trade firm limit order 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.
The effort continues for the company's Asian expansion plans for 2015, after it deployed a new matching engine to the Tokyo Equinix TY3 data center.
Heading the LMAX Exchange Hong Kong arm will be COO Scott Moffat as an Executive Director.
"The recent addition of a new matching engine in Tokyo (TY3) means we can offer the same low latency execution of under 4ms to our clients in Asia-Pacific, that our clients currently enjoy in LD4,” he explained.
The company's CEO, David Mercer, shared in the announcement, “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.”
One of the leading multilateral trading facilities in the foreign exchange space has issued a company announcement highlighting a key development for the company’s business in Asia. LMAX Exchange will launch a Securities & Futures Commission of Hong Kong regulated entity to boost its profile for institutional investors in the region.
A company spokesperson shared with Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates, “Asia already accounts for a significant part of our business. Hong Kong is one of the fastest growing markets globally and represents a big expansion opportunity for the company. Having set up a fully licensed local broker in HK will enable the company to further penetrate the institutional market.”
As an SFC licensed broker, LMAX Hong Kong will offer its institutional and professional clients in Hong Kong the ability to trade firm limit order 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.
The effort continues for the company's Asian expansion plans for 2015, after it deployed a new matching engine to the Tokyo Equinix TY3 data center.
Heading the LMAX Exchange Hong Kong arm will be COO Scott Moffat as an Executive Director.
"The recent addition of a new matching engine in Tokyo (TY3) means we can offer the same low latency execution of under 4ms to our clients in Asia-Pacific, that our clients currently enjoy in LD4,” he explained.
The company's CEO, David Mercer, shared in the announcement, “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.”