LMAX Exchange, which allows institutions to trade foreign exchange, announced today (Tuesday) its connection with 4OTC’s Libre Liquidity Bridge service, which will enable liquidity providers to stream FX liquidity on the exchange “with ultra-low latency.”
Enhancing Connectivity
4OTC offers connectivity services for both digital assets and forex. Its Libre service provides co-located connectivity to multiple liquidity providers and venues trading digital assets and forex.
To LMAX Exchange, Libre will offer connectivity to London (LD4), New York (NY4), Singapore (SG1), and Tokyo (TY3). Further, it will enable the exchange to streamline connectivity management and attract more liquidity. The connection is also expected to minimize the time taken to onboard new liquidity providers.
“Across all our exchanges, the quality and depth of liquidity are key,” Daniel Karakanna, the Head of Liquidity Management and Analytics for the EMEA at LMAX Exchange, said. “The connectivity with 4OTC’s Libre service will enable more Liquidity Providers to price on LMAX Exchange execution venues, as well as leverage our distribution scale and global exchange infrastructure.”
LMAX’s Dominance in the Industry
LMAX Exchange is a part of the LMAX Group, which controls LMAX Global, a liquidity provider, and LMAX Digital, an institutional crypto exchange exchange. LMAX Exchange provides the market structure and execution facilities. It is operating as an FCA-regulated MTF and a MAS-regulated RMO.
“LMAX Exchange is recognized for its industry-leading proprietary exchange technology,” 4OTC’s Co-Founder, Mark Price, said.
“Liquidity providers making firm prices need consistent and predictable low latency, and Libre has been architected to match these requirements. 4OTC is a specialist in ultra-low latency connectivity, which, combined with LMAX’s focus on performance, makes a great match for the Libre service. We look forward to continuing this successful partnership.”
Last year, LMAX Group acquired the FX business of Cürex, an institutional foreign exchange execution services and data analytics company based in New York City.
