LMAX Exchange and Z.com Trade extend liquidity solution
A three-party alliance between alternative FX market LMAX Exchange, retail FX provider Z.com Trade and retail FX trading platform MT4 have built a combined liquidity pool, which aims to provide ‘last look’ liquidity to a wider market.
Under the deal, the MT4 clients of Z.com Trade will be able to access liquidity from LMAX Exchange via PrimeXM, a specialist in bridging and hosting solutions. Clients will trade on streaming, firm limit order liquidity from the LMAX Exchange London-based (LD4) matching engine and benefit from the exchange quality execution in over 80 FX instruments at matching speeds of less than 4ms.
Furthermore, the previously announced LMAX Exchange partnership with Z.com Trade, which gave FIX API clients of Z.com access to LMAX Exchange liquidity in LD4, has now been extended to include liquidity from the company’s Tokyo-based matching engine (TY3).
Andreas Wigstrom, head of international development at LMAX Exchange, commented: “This next stage of our partnership with Z.com Trade extends the reach of LMAX Exchange technology and delivers unparalleled execution experience to a broader international trading community. Our alliance brings together the unique strengths of our companies, enabling us to further capitalise on growth opportunities in emerging and established markets.”
Nick Cropper, general manager at Z.com Trade, said: “Extending our partnership with LMAX Exchange to now include MT4 client access is an important step. In these uncertain times, the Z.com Trade and LMAX Exchange partnership delivers strong value to our clients by offering both the security of trading with the world’s largest retail FX provider and access to the completely transparent, no ‘Last Look’ exchange quality execution provided by LMAX Exchange.”
Richard Bartlett, head of global sales at PrimeXM, added: “We feel privileged to be a part of this innovative alliance. We will be facilitating this setup through the use of our market leading ultra-low latency trading software, backed up by our dedicated Equinix datacentre infrastructure. This will allow LMAX Exchange and Z.com Trade to offer potentially the finest trading experience and tightest pricing commercially available. ”