LMAX Group Launches Matching Engine from SG1 Information Middle

by Jeremy

LMAX Group introduced on Friday the growth of its know-how infrastructure within the Asia Pacific with the launch of a brand new matching engine within the Equinix IBX Information Centre in Singapore (SG1), which went stay earlier this 12 months.

It’s the fourth matching engine run by LMAX globally. Earlier than launching its matching engine in SG1, LMAX opened a regional hub in Singapore in 2015. Now, with its presence within the information heart , it’s anticipating to construct regional liquidity .

“Singapore is the biggest FX buying and selling heart in Asia Pacific and a serious FX heart globally. We acknowledge the robust demand for deep institutional liquidity and clear, environment friendly value discovery that the CLOB execution mannequin delivers to market individuals within the area,” mentioned David Mercer, the CEO of LMAX Group.

Main Growth Plans in Singapore

At the moment, the group is providing spot FX buying and selling companies in SG1 and has plans to convey world buying and selling capabilities by a variety of merchandise.

LMAX can also be looking for approval from the Financial Authority of Singapore to supply non-deliverable forwards (NDFs) in early 2023. Furthermore, it seeks regulatory approval for increasing its world Digital and Dealer providing to Asia Pacific from Singapore.

LMAX’s concentrate on Asia Pacific has been seen for a number of years now. The addition of a Singapore-based matching engine got here after the corporate launched its Tokyo matching engine, TY3, in 2014. Presently, the corporate sees the potential to boost additional market entry by establishing an Asia-Pacific hall between its twin hubs in Singapore and Tokyo.

The LMAX Group has three portfolio corporations: LMAX Alternate, the institutional alternate and FCA-regulated MTF; LMAX International, which operates FCA and CySEC -regulated brokers; and LMAX Digital, the Gibraltar-regulated institutional spot cryptocurrency alternate.

On prime of that, the most recent announcement revealed that the SG1 matching engine is already seeing traction domestically with a ‘robust pipeline’ of potential institutional clients.

“Our Singapore matching engine brings us nearer to shoppers within the area, and since launch, now we have seen 3x development in our FX buying and selling volumes month on month,” Quentin Miller, the Managing Director of Asia Pacific at LMAX Group, mentioned.

In the meantime, the revenue of the LMAX Group in 2021 jumped by 68 p.c to $106 million. Moreover, its gross income climbed by 80 p.c.

LMAX Group introduced on Friday the growth of its know-how infrastructure within the Asia Pacific with the launch of a brand new matching engine within the Equinix IBX Information Centre in Singapore (SG1), which went stay earlier this 12 months.

It’s the fourth matching engine run by LMAX globally. Earlier than launching its matching engine in SG1, LMAX opened a regional hub in Singapore in 2015. Now, with its presence within the information heart , it’s anticipating to construct regional liquidity .

“Singapore is the biggest FX buying and selling heart in Asia Pacific and a serious FX heart globally. We acknowledge the robust demand for deep institutional liquidity and clear, environment friendly value discovery that the CLOB execution mannequin delivers to market individuals within the area,” mentioned David Mercer, the CEO of LMAX Group.

Main Growth Plans in Singapore

At the moment, the group is providing spot FX buying and selling companies in SG1 and has plans to convey world buying and selling capabilities by a variety of merchandise.

LMAX can also be looking for approval from the Financial Authority of Singapore to supply non-deliverable forwards (NDFs) in early 2023. Furthermore, it seeks regulatory approval for increasing its world Digital and Dealer providing to Asia Pacific from Singapore.

LMAX’s concentrate on Asia Pacific has been seen for a number of years now. The addition of a Singapore-based matching engine got here after the corporate launched its Tokyo matching engine, TY3, in 2014. Presently, the corporate sees the potential to boost additional market entry by establishing an Asia-Pacific hall between its twin hubs in Singapore and Tokyo.

The LMAX Group has three portfolio corporations: LMAX Alternate, the institutional alternate and FCA-regulated MTF; LMAX International, which operates FCA and CySEC -regulated brokers; and LMAX Digital, the Gibraltar-regulated institutional spot cryptocurrency alternate.

On prime of that, the most recent announcement revealed that the SG1 matching engine is already seeing traction domestically with a ‘robust pipeline’ of potential institutional clients.

“Our Singapore matching engine brings us nearer to shoppers within the area, and since launch, now we have seen 3x development in our FX buying and selling volumes month on month,” Quentin Miller, the Managing Director of Asia Pacific at LMAX Group, mentioned.

In the meantime, the revenue of the LMAX Group in 2021 jumped by 68 p.c to $106 million. Moreover, its gross income climbed by 80 p.c.

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