FastMatch, a matching system for forex trading, whose ownership includes FXCM, Credit Suisse and BNY Mellon, has announced the launch of its new engine, located in the Equinix IBX Data Center in Tokyo, via a FastMatch statement.
Third Matching Engine, Same Streamlined Service
New York-based FastMatch serves a variety of clients, including FX trading companies, brokers, institutions, banks and hedge funds – the company also maintains two matching engines located in its headquarters and in London respectively. Its latest push into Tokyo represents an attempt to tap into a key regional nexus in Asia, long considered to be a valuable beacon for FX trading.
Axia Extends Market Footprint in GCC RegionGo to article >>
The new engine will effectively provide more streamlined, performance-based trading services for Asian customers. According to Dmitri Galinov, CEO of FastMatch, in a recent statement on the launch, “We are excited to deliver real-time transparency to the region, as well as offer a complete redundancy to the platform across all regions. We will work very closely with FXCM Japan to incorporate the existing client base and add new customers in the region, and plan to grow significantly in Japan during the next year.”
FastMatch Integrates with Japanese FX Clients, Builds on FXCM Relationship
Moreover, FXCM Japan Securities Co. Ltd. is a licensed provider for FastMatch, which ensures a deep exposure and integration of FastMatch’s new matching engine throughout Japan. Indeed, FastMatch has been active recently, successfully expanding its technology across a variety of trading firms.
“We recently established a dedicated institutional division specializing FXCM’s ECN business including FastMatch in Tokyo. We will bring new, fast and flexible matching services of Spot Foreign Exchange to our institutional clients with a wide variety of liquidity sources. We would like to see this division grow into one of our core businesses in Japan,” added Kazunori Iida, President of FXCM Japan Securities, in a statement regarding the launch.