Exclusive: CFH Clearing Partners With PrimeXM to Deploy Tokyo Matching Engine

CFH Clearing has just committed further to the vast Asian market by striking a partnership with PrimeXM to greatly expand the capabilities of its offering, the firm confirmed to Finance Magnates. The company is gaining access to the Tokyo Equinix TY3 data center where PrimeXM’s XCore system will enable the Danish company to continue growing its client base in the region.

The datacenter location in Tokyo will enable CFH Clearing to improve its 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 offering by adding local Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term and integrating a set of trading venues and platforms which are regionally focused. By being able to locally aggregate and distribute to clients, the firm is taking its Japanese offering to the next level.

Tokyo Based Matching Engine

PrimeXM’s XCore solution has effectively enabled CFH Clearing to provide to its clients a Tokyo based matching engine which enables even greater execution speeds for clients in the region. The substantial improvement for the Asian market is reiterating the commitment of CFH to continue expanding in Japan, where trading volumes have been notoriously high.

Speaking to Finance Magnates, the Head of Global Sales at CFH Clearing, Paul Jackson, commented: “The FX market in Japan is increasingly sophisticated and we are gaining a reputation in the region for our local market knowledge, enhanced technology and customized liquidity which suit brokers offering all styles of trading.”

“With TY3 now live, our plan is to continue to fuel growth with a matching engine powered by PrimeXM’s XCore technology which will provide clients with an ultra-low latency solution with access to very high levels of liquidity,” he elaborated.

Previously CFH has established a point of presence in Hong Kong and deployed a number of proxy servers across China to assist clients in the region.

The deal is also an important milestone for PrimeXM, a company which has been thoroughly committed to developing high grade trading technology. The CEO of Prime XM’s, Cristian Vlasceanu, explained: “Our partnership with CFH allows any Asian based financial institution the ability to connect to CFH’s strong liquidity offering with the most stable execution available within the region.”

“We have experienced a significant increase in demand for our XCore trading system, connectivity solutions and hosting service within our dedicated infrastructure in TY3, which is a trend we expect to continue. We look forward to supporting CFH with our leading technology and assisting them in building upon their footprint in Asia,” Vlasceanu elaborated.