LMAX Exchange Links Up with IPC’s FX Hub

IPC, a global provider of communications and networking solutions for the financial industry, has had LMAX Exchange, a Multilateral Trading Facility (MTF) for the foreign exchange (FX) market, join its FX Hub in the Equinix NY4 data center, according to an LMAX statement.

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The recent support into IPC’s FX Hub follows after LMAX’s link with Equinix’s NY4 data center back in early September. LMAX had already been active globally via a series of assimilations with other matching engines worldwide, including LD4 and TY3.

Equinix’s NY4 is a virtual nexus, constituting a total of 49 sovereign exchanges that lease space. Collectively, the data center completes upwards of 9.6 million messages per second through its fiber-optic cables, which provides the infrastructure for electronic trades representing trillions of dollars’ worth of equities, derivatives, currencies, fixed-income, and FX assets.

IPC FX Hub currently caters to global FX markets through a number of strategic data centers in markets such as London, New York, Tokyo, Singapore, Frankfurt, Moscow, Zurich, Chicago, and Hong Kong. For its part, IPC Financial Markets Network portfolio includes a cascade of data connectivity solutions, such as the Connexus Extranet, Connexus Ethernet, Connexus WAN and others.

According to Ralf Duken, Head of Networks & Security of LMAX Exchange, in a recent statement on the integration: "LMAX Exchange aims to provide its clients with a range of flexible connectivity options. We look forward to working with the IPC FX Hub community in our newly launched New York-based matching engine and continue to provide reliable and consistent, ultra-low latency 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 to all our clients."

"In today's rapidly evolving FX landscape, broker-dealers and non-dealer financial institutions require reliable, latency-sensitive and secure connectivity to 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 venues for transparent price discovery and dependable trade execution. We are delighted to collaborate with LMAX Exchange and empower market participants to generate alpha, mitigate risk, arbitrage and source liquidity in the global currency markets through our FX Hub solution,” reiterated David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC.