MarketPrizm Provides Low Latency DMA Connectivity to London Metal Exchange

MarketPrizm, a provider of market data and trading infrastructure services, today announced that it has established its low latency trading infrastructure for clients at the London Metal Exchange (LME).

This will provide clients with market access services – including real time data, order routing, managed hosting and low latency networking in the LME. The service is designed for latency-sensitive investors who wish to trade on the LME.

The LME is one of the most sought after international exchanges, with more than 95% of its business coming from outside the UK. The service enables investors and trading participants in key markets across Europe, Asia and other parts of the world to get access to the LME using MarketPrizm’s low latency market data API and broker DMA connectivity for execution.

“For global investors looking to access this highly liquid commodities market, MarketPrizm is able to provide a fully managed market access solution to financial firms with the best latency in the market for accessing the LME,” said Tanuja Randery, CEO of MarketPrizm. “We can connect the buy-side with low latency data and connectivity into a brokers DMA platform for execution and we can provide brokers with an outsourced DMA infrastructure service enabling a faster on-boarding programme for their customers. The LME is a hugely important market for investors in the commodities trade and with the pending HKeX merger, our service will enable customers to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term both markets in the near future.”

LME head of business development Chris Evans said “We are delighted that MarketPrizm has connected to the LME’s electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, LMEselect, extending the LME market data reach to their extensive client base. The LME’s recent proximity hosting investment, offering reduced network latency access, continues to attract new users to the market.”