LMAX Continues Expansion into US, Securing Matt DellaRocca in New Role

LMAX Exchange, a London-headquartered multilateral trading facility (MTF), has announced its latest senior appointment, hiring Matt DellaRocca to the newly created position of 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 Manager for the Americas, which coincides with the group’s recent expansion and investments into the US market.

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The addition of Mr. DellaRocca represents LMAX Exchange’s continued effort to provide North American clients with trading on unique, no ‘last look’ limit order liquidity. In recent months, the group has expanded its focus to the US market, including domestic institutional and interbank client segments.

US Expansion Continues

Back in September 2016, LMAX launched a global infrastructure expansion, linking up with Equinix’s NY4 Data Center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term. LMAX’s decision to set up a matching engine into Equinix's NY4 Data Center is also reflective of the strategic importance of the US FX market – the move has since helped LMAX better provide its clients aiming to instil proper liquidity sourcing as well as matching in less than 100μs.

The new hire is the culmination of LMAX's recent investments and focus on the US market. In his new role he will be tasked with overseeing the real-time management, monitoring and analysis of all LMAX Exchange’s liquidity in the US.

Mr. DellaRocca joins LMAX Exchange after a lengthy career at Bloomberg Tradebook, a group catering to global investment advisors, money managers, hedge funds, proprietary desks, and broker dealers. During a career spanning over a decade, he has worked in several senior roles at the group, including positions as its Application Specialist and in its Institutional Research Product and Sales unit. This paved the way for a subsequent promotion as its FX Liquidity Manager – Americas, according to information made public on his Linkedin profile.

Mr. DellaRocca commented on his appointment: “I'm excited to join a team committed to transforming the FX marketplace into a transparent, level playing field for all market participants. I look forward to contributing to the growth of LMAX Exchange within the US marketplace.”

"We are delighted to be able to attract such talent to the company, helping us anchor our expansion into the US market,” reiterated Patrick Bartle, Global Head of Institutional Sales at LMAX Exchange.