LMAX Exchange Widens Liquidity Distribution Via Seabury FXone Platform

by Aziz Abdel-Qader
  • The deal is the latest effort to expand access to LMAX Exchange liquidity.
LMAX Exchange Widens Liquidity Distribution Via Seabury FXone Platform
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LMAX Exchange, a London-based and FCA regulated multilateral trading facility (MTF), announced today that the company has entered into a partnership with Seabury FXone, a foreign exchange Liquidity management solutions provider, to deploy its liquidity and execution capability.

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The combined effort will leverage FXone’s global distribution footprint and LMAX’s price aggregation and matching capabilities to expand the companies’ institutional client base while continuing to service the retail brokerage, mid-sized institutions and active professional traders.

The deal is the latest effort to expand access of liquidity venues and forex traders from different segments to LMAX Exchange's liquidity. In addition to spot FX, LMAX Exchange portfolio also covers several segments including precious metals, commodities and equity indices.

Under the agreement, users of FXone’s software applications GUI and OMS will obtain access to LMAX Exchange streaming limit order liquidity and benefit from transparent quality execution. LMAX offers exchange style execution for OTC-traded FX products, such as spot FX, which ensures greater transparency and improves price discovery.

FXone is an institutional algo Trading Platform with a full featured GUI for custom automated trading. The platform also provides a server side EMS for low latency FIX based trading and a price database for capturing and archiving tick data.

Jeremy Barnes, Global Head of Liquidity at LMAX Exchange, commented: “We are happy to partner with FXone and offer a premium trading experience to clients seeking innovative trading tools and access to a central limit order book with no ‘last look’ liquidity driven from top tier financial institutions.”

Robert Rydzewski, Principal Systems Engineer at Seabury FXone, added: “By completing integration with LMAX Exchange, FXone is able to offer its customers a leading solution which will meet the most demanding execution requirements of modern high performance trading.”

LMAX Exchange, a London-based and FCA regulated multilateral trading facility (MTF), announced today that the company has entered into a partnership with Seabury FXone, a foreign exchange Liquidity management solutions provider, to deploy its liquidity and execution capability.

Register now to the London Summit 2017, Europe’s largest gathering of top-tier retail brokers and institutional FX investors

The combined effort will leverage FXone’s global distribution footprint and LMAX’s price aggregation and matching capabilities to expand the companies’ institutional client base while continuing to service the retail brokerage, mid-sized institutions and active professional traders.

The deal is the latest effort to expand access of liquidity venues and forex traders from different segments to LMAX Exchange's liquidity. In addition to spot FX, LMAX Exchange portfolio also covers several segments including precious metals, commodities and equity indices.

Under the agreement, users of FXone’s software applications GUI and OMS will obtain access to LMAX Exchange streaming limit order liquidity and benefit from transparent quality execution. LMAX offers exchange style execution for OTC-traded FX products, such as spot FX, which ensures greater transparency and improves price discovery.

FXone is an institutional algo Trading Platform with a full featured GUI for custom automated trading. The platform also provides a server side EMS for low latency FIX based trading and a price database for capturing and archiving tick data.

Jeremy Barnes, Global Head of Liquidity at LMAX Exchange, commented: “We are happy to partner with FXone and offer a premium trading experience to clients seeking innovative trading tools and access to a central limit order book with no ‘last look’ liquidity driven from top tier financial institutions.”

Robert Rydzewski, Principal Systems Engineer at Seabury FXone, added: “By completing integration with LMAX Exchange, FXone is able to offer its customers a leading solution which will meet the most demanding execution requirements of modern high performance trading.”

About the Author: Aziz Abdel-Qader
Aziz Abdel-Qader
  • 4985 Articles
  • 31 Followers
About the Author: Aziz Abdel-Qader
  • 4985 Articles
  • 31 Followers

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