GTX Unveils New Tokyo Matching Engine to Improve Access for Asian Clients

GAIN Capital's institutional trading focused GTX unit has announced that it will launch a new matching engine for its flagship ECN in Tokyo on 31 January 2017.

The Tokyo matching engine completes the firm's global network rollout and follows the recent launch of a new matching engine in London which went live on 17th October, as reported by Finance Magnates.

Asia Coverage

The new matching engine, together with those local to New York and London, can all be accessed by clients connected to any of the locations. Clients are able to choose whether to interact only with local 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 for faster response time, or to obtain best price and depth against the global order book.

Vincent Sangiovanni, CEO of GTX Bermuda Ltd, said: "The launch of our Tokyo matching engine underscores our commitment to provide the best possible market access to our growing Asian clientele. We look forward to providing lower latency market access to our current clients and serving new ones, who prefer trading on a local matching engine."

Background

GTX operates electronic trading venues and provides agency Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and clearing services for buy and sell-side institutional FX market participants.

Liquidity on GTX's ECN is optimized for buy-side clients enabling them to trade with the best available prices with ongoing, active monitoring of trade matches and execution quality. This process ensures orders from regional matching engines can be effectively consolidated into the ECN's global central limit order book.

The firm’s current matching engines are in Equinix's NY4 and LD4 data center respectively. The new matching engine is located in the company's TY3 data center.