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LMAX Exchange Launches Matching Engine in Equinix’s Tokyo Data Center

December 16
11:52 2014

Tokyo — Equinix, Inc., the global interconnection and data center company, today announced that LMAX Exchange, the first Financial Conduct Authority (FCA) regulated MTF for foreign exchange spot transaction, has launched a matching engine in Equinix’s International Business Exchange™ (IBX®) data center in Tokyo (TY3). Given the success of its matching engine in Equinix’s London data center (LD4/5), LMAX Exchange is adding a matching engine in Japan, a major milestone in global expansion for the company. It will give brokers, asset managers, funds and banks in Asia Pacific access to LMAX Exchange at execution speed of less than 4ms.

Highlights / Key Facts

  • Tokyo ranks as a leading foreign exchange hub globally, recording a daily average of $372.7 billion in foreign exchange trading, including spot transactions, futures, currency swaps and options, according to data from the Tokyo Foreign Exchange Market Committee . As the world’s third-largest currency-trading center, accounting for over 40% of the global retail FX volumes, foreign exchange transactions in the Tokyo market are high.

  • LMAX Exchange delivers exchange style, visible liquidity and committed pricing, with low latency execution and complete trading transparency to both buy and sell-side institutions. With a remarkable three-year growth of 307.8 percent in annual sales, Japan represents a key market for the LMAX Exchange, as it continues to focus on the successful execution of its global growth strategy.
  • By launching a matching engine in TY3, LMAX Exchange joins the growing community of leading financial institutions in Equinix data centers around the globe. The expansion by LMAX Exchange further enhances Equinix’s global electronic trading ecosystem, providing the interconnection options that companies need to meet business demands.
  • Strategically located within Tokyo’s city center, TY3 offers LMAX Exchange the advantage of close proximity to major financial exchanges in Japan, as well as liquidity providers and institutional investors who are increasingly adopting cross-asset trading execution strategies, including FX. Close proximity to the Japan Exchange and Tokyo Commodity Exchange combined with access to the broadest choice of networks in the region, enables LMAX Exchange to deliver consistent low latency (under four milliseconds) to its customers in Asia Pacific.
  • Given the success of its matching engine in Equinix London data center (LD4/5), LMAX Exchange decided to expand its footprint with Equinix in Japan to meet the growth of its customer base in Asia-Pacific and ensure its customers benefit from the same low-latency trading environment.

About LMAX Exchange:
UK’s fastest growing technology firm (2014 Sunday Times, Tech Track 100), LMAX Exchange is the first MTF for FX, authorised and regulated by the FCA. Servicing retail brokers, funds, corporates, asset managers and banks, LMAX Exchange delivers a unique vision for global FX trading – a transparent, neutral, level playing field for all market participants, regardless of status, size or activity levels.

The LMAX Exchange OPEN order book is driven by streaming, non ‘last look’ limit orders supplied by General Member liquidity providers. LMAX Exchange offers a range of key products, including spot FX, precious metals, commodities and equity indices, with complete pre and post-trade transparency and order execution where no ‘last look’ is standard. Orders are executed in strict price/time priority at an average speed of less than 4ms. www.lmax.com

LMAX Limited operates a multilateral trading facility (MTF). Authorised and regulated by the Financial Conduct Authority, FCA Registered no. 509778.

About Equinix
Equinix, Inc., connects more than 4,500 companies directly to their customers and partners inside the world’s most networked data centers. Today, businesses leverage the Equinix interconnection platform in 32 strategic markets across the Americas, EMEA and Asia-Pacific. www.equinix.com.

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