LMAX Exchange Deploys Matching Engine in Tokyo Equinix TY3

One of the leading providers of no 'last look' multidealer 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 on the foreign exchange market, LMAX Exchange, has announced the launch of a matching engine in the Equinix IBX Data Centre in Tokyo (TY3). According to the company's announcement, the new matching engine will secure 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 speeds of less than 4ms to its clients in the Asia-Pacific region.

With the Japanese market accounting for about 40% of the global retail FX volumes, adding a matching engine in Japan puts LMAX Exchange on track to deliver solid execution to its clients there.

The firm is already operating its original matching engine from Equinix London data centre (LD4/5), delivering low latency execution.

The company's CEO, David Mercer, commented in the company announcement, “Over the past couple of years, we have witnessed a real shift in FX trading towards transparent price discovery and a level playing field. 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."

Elaborating on the merits of the location of the matching engine, Director of Technical Operations at LMAX Exchange, Andrew Phillips, said, “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.”

Senior Director, Financial Services and Enterprises, Equinix Asia Pacific, David Wilkinson, concluded, “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.”