FastMatch Launches Matching Engine in Equinix LD4 Data Center in London


FastMatch Launches Matching Engine in Equinix LD4 Data Center in London

http://low-latency.com/article/fastmatch-launches-matching-engine-equinix-ld4-data-center-london/?utm_source=weekly&utm_medium=email&utm_campaign=ll_13-06-20

Equinix, the global interconnection and data center company, together with FastMatch, an Electronic Communication Network (ECN) for foreign exchange trading, today announced the launch of a new ECN matching engine in Equinix’s London Slough International Business Exchange (IBX) data center campus.

FastMatch currently operates its FX Spot and metals ECN matching engine from the Equinix NY4 data center in New York. The additional matching engine in London will offer FastMatch clients in the European region access to real-time transparent quotes and trade information, as well as complete redundancy to the platform.

As trading markets become more interrelated, investors are seeking local access to a wider range of asset classes and instruments in order to effectively manage risk in an increasingly complex and competitive environment. By deploying among the growing financial ecosystem inside Equinix, FastMatch makes its systems directly accessible alongside a wide range of other venues, data providers and financial institutions, allowing investors greater choice and flexibility.

FastMatch clients can trade across an array of unique liquidity sub-pools each governed by its own distinct rules of trading. FastMatch also enables institutional clients to easily transact large sizes with minimum market impact by using order types like hidden pegged to midpoint, reserve and minimum quantity.

The FastMatch ECN is based on technology that underpins the world’s largest equities crossing system, the Credit Suisse Crossfinder matching engine, which has been re-tooled and tailored to meet the needs of global foreign exchange markets.

FastMatch launched in the summer of 2012 and is a joint venture of FXCM, Inc. and Credit Suisse Group AG, later adding Bank of New York Mellon as a third backer in 2013. The company strives to offer its customers access to large pools of diversified liquidity at unparalleled speed with complete transparency in an optimal location.

Dmitri Galinov, CEO, FastMatch: “London is an FX trading capital of the world, yet traders in Europe currently have no access to real-time quotations or trades from any major FX ECN. The prices are either intentionally delayed or coming from the United States. We are excited to deliver real-time transparency to this previously underserved region.”

Stewart Orrell, managing director, Global Capital Markets, Equinix: “As the Equinix financial ecosystem continues to globalize, we’re seeing more trading venues deploy multiple storefronts in various cities to extend their ability to reach market participants around the world. With the launch of its matching service in the Slough campus, FastMatch is certainly on the right track to gain a competitive edge in today’s global marketplace.”

 

Royce Selects Brady for Integrated Metal Trading and Risk Management


Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that Royce Corporation, a US-based international trading company, has selected Brady to handle its trading, risk management and logistics processes.

via Pocket http://www.bobsguide.com//guide/news/2013/May/9/royce-selects-brady-for-integrated-metal-trading-and-risk-management.html May 12, 2013 at 04:13PM

Cleartrade Exchange Market Data to be distributed by FT Mercati


Cleartrade Exchange (CLTX), the Singapore Regulated Futures Exchange is pleased to announce that FT Support / FT Mercati, a Milan-based data distributor specialising in metals, has become the latest organisation to connect to and distribute the CLTX Market Data Service (CMDS).

via Pocket http://www.bobsguide.com//guide/news/2013/Mar/20/cleartrade-exchange-market-data-to-be-distributed-by-ft-mercati.html March 20, 2013 at 09:27PM

LME Stands to Gain as EU Seeks OTC Derivative Transparency


The London Metal Exchange, the world’s biggest industrial-metals marketplace, stands to gain as the European Union seeks greater transparency for over-the- counter derivatives, its deputy chief executive officer said.

via Pocket http://www.bloomberg.com/news/2013-02-21/lme-stands-to-gain-as-eu-seeks-otc-derivative-transparency-1-.html February 24, 2013 at 01:35PM

MKS Selects smartTrade’s Liquidity Management System for Precious Metals Pricing in Geneva and Paris


 

MKS Selects smartTrade’s Liquidity Management System for Precious Metals Pricing in Geneva and Paris

http://www.bobsguide.com/guide/news/2013/Jan/16/mks-selects-smarttrades-liquidity-management-system-for-precious-metals-pricing.html

– 16 January 2013Tweet smartTrade’s Technologies provides customer and dealer pricing, order management and smart order routing.

smartTrade Technologies today announced that MKS (Switzerland) SA (MKS) has selected smartTrade’s Liquidity Management System (LMS) to handle its physical customer pricing. The system will provide end-to-end market connectivity, pricing configuration and distribution, order management and smart order routing.

 

MKS is a part of a precious metals group of companies specializing in all aspects of gold and other precious metals processing. “The new pricing platform permits us to better serve our clients depending on their specific need ,” said Thierry Habib, Vice President, Metal Sales of MKS. “We are refreshing our pricing platform using smartTrade in order to improve risk management and provide more functionality.”. “We selected smartTrade’s LMS to allow us to improve functionality and performance for both customer and dealer systems,” said Habib. “The new system will have many new features for our clients .”

 

Harry Gozlan, smartTrade’s CEO said, “We are thrilled to have the opportunity to serve MKS. Strategically, MKS’s and smartTrade’s objectives are very well-aligned. Our ability to quickly incorporate precious metals functionality into the LMS is further proof of the flexibility of smartTrade’s cross-asset capabilities.”

 

David Vincent, smartTrade CTO said, “The MKS implementation is in-line with smartTrade’s wider -strategy for supporting complex client order types and price distribution in FX Products and Precious Metals. The project will complement smartTrade’s plans to extend out the successful Liquidity package into price distribution, back-to-back auto hedging and a sophisticated order management system.”

 

Sadoff Iron And Metals Company Selects Brady Recycling For An Enterprise-Wide Solution To Manage Its Recycling Operations


Brady plc (BRY.

via Pocket http://www.mondovisione.com/media-and-resources/news/sadoff-iron-and-metals-company-selects-brady-recycling-for-an-enterprise-wide-so/ January 10, 2013 at 02:38PM

Cinnober Delivers Enhanced Version for LMEselect to Meet Record Volumes


The world’s premier base metal market and one of the most prominent commodity marketplaces, the London Metal Exchange (LME), has gone live with a new version of the electronic trading platform LMESelect.

via Pocket http://low-latency.com/article/cinnober-delivers-enhanced-version-lmeselect-meet-record-volumes December 30, 2012 at 05:55PM

FastMarkets is an expert provider of live prices, news and research for base, precious and minor metals.


As long as the metal markets are open FastMarkets provides instant and incisive reporting and analysis. We broadcast from the floor of the London Metal Exchange every day and provide all the information you need to stay on the pulse of the metals markets.

via Pocket http://www.fastmarkets.com/ December 27, 2012 at 07:01PM

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