GTX Unveils New Matching Engines in LD4 and TY3

GTX, the institutional foreign exchange (FX) trading unit of GAIN Capital Holdings (NYSE:GCAP), is poised to unveil a new matching engine for its electronic communication network (ECN) matching engine in London as early as the middle of October, according to a GTX statement.

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The launch is important for GTX as it taps into one of the FX industry’s most robust markets, which will officially be online by October 15, 2016. In addition, GTX has already rolled out plans for a Tokyo-based matching engine within three months, though no date has been reached at this juncture.

The new upgrade will result in the provision 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 on London’s LD4 matching engine, which will support more than ten leading bank and non-bank Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as 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 profit on A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as 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 profit on Read this Term. Overall, the newly scheduled matching engines in LD4 and TY3 will team up with GTX’s existing engine in New Jersey, which will effectively allow access by clients at any hub.

Of note for clients will be the decision to engage with local liquidity to reap the fastest and most streamline response times, which will also yield advantages such as achieving the best price and depth against the global order book. GTX’s global order book structure will also aim to help satiate execution mandates for asset managers and other market participants subject to them.

According to Vincent Sangiovanni, CEO of GTX Bermuda LLC, in a recent statement on the launch: “We are thrilled to launch new data centers in London and Tokyo. These launches will enable us to better serve our growing, global clientele, but also do so through a single global order book, which is ideal for the vast majority of our asset manager and bank buy-side clients as well as our bank and non-bank liquidity providers.”