LMAX Exchange has partnered with Z.com, a subsidiary of GMO CLICK, to facilitate a no-"last look" Liquidity pool to clients via bridging and Hosting solutions-specialist PrimeXM.
The triple entente of FX companies will help fortify lasting liquidity solutions to a multitude of new clients along with revamped execution utilities. More specifically, the newly brokered solution will enable Z.com Trade’s MT4 clients to access no-last-look liquidity from LMAX Exchange through PrimeXM.
Market participants and clients gain access to firm limit-order liquidity from the LMAX Exchange's London-based (LD4) matching engine, boasting a suite of 80 FX instruments at matching speeds of less than four milliseconds. In addition, LMAX Exchange’s earlier partnership with Z.com has also been extended to include liquidity from the company’s Tokyo-based matching engine (TY3).
According to Andreas Wigstrom, head of international development at LMAX Exchange, in a recent statement on the partnership, “This next stage of our partnership with Z.com Trade extends the reach of LMAX Exchange technology and delivers unparalleled execution experience to a broader international trading community. Our alliance brings together the unique strengths of our companies, enabling us to further capitalise on growth opportunities in emerging and established markets.”
“Extending our partnership with LMAX Exchange to now include MT4 client access is an important step. In these uncertain times, the Z.com Trade and LMAX Exchange partnership delivers strong value to our clients by offering both the security of trading with the world’s largest retail FX provider and access to the completely transparent, no ‘Last Look’ exchange quality execution provided by LMAX Exchange,” added Nick Cropper, general manager at Z.com Trade, in an accompanying statement.
"We feel privileged to be a part of this innovative alliance. We will be facilitating this setup through the use of our market leading ultra-low latency trading software, backed up by our dedicated Equinix datacentre infrastructure. This will allow LMAX Exchange and Z.com Trade to offer potentially the finest trading experience and tightest pricing commercially available,” noted Richard Bartlett, head of global sales at PrimeXM.
