Multi-lateral trading facility LMAX Exchange has just unveiled that it will be widening the distribution of liquidity from its Tokyo-based matching engine though a partnership with PrimeXM. The partnership between the FCA regulated firms comes amid their co-located services at one of the leading financial data centers in Japan Equinix TY3.
Recently, PrimeXM has completed setting up an institutional grade hosting infrastructure in TY3, with XCore execution engine and MT4 servers co-located and cross-connected to liquidity from LMAX Exchange.
Through the use of PrimeXM’s hosting framework, clients are able to access the no ‘Last Look’ liquidity from LMAX Exchange at a very low latency due to the co-located facilities. Connectivity is available via FIX or MT4, as a white label solution or through a client’s own MT4 server.
Commenting on the announcement the Head of Global Sales at PrimeXM, Richard Bartlett, said, “Any operation that has a presence in the Asia Pacific region can now take advantage of our unique relationship, by connecting to LMAX Exchange liquidity in TY3 at sub-millisecond speeds via the use of PrimeXM’s world renowned bridging and XCore technology.
“We have worked very closely with LMAX Exchange on many successful projects over the last few years, and as both firms share the same passion for being leaders in our respective fields, it made perfect sense to bolster our relationship further by establishing this high quality offering in TY3,” he added.
The Head of International Development at LMAX Exchange, Andreas Wigstrom, added, “Institutional traders in Asia Pacific are an important growth segment for us. We are excited to offer them exchange quality execution and access to our streaming, firm limit order liquidity from top tier banks and financial institutions, via PrimeXM’s leading technology and dedicated infrastructure in TY3.”