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LMAX Exchange expands in New York

First Published 26th September 2016

LMAX Exchange, the MTF for FX, has launched its North American matching engine in the Equinix IBX data centre in New York.

New York and London - The LMAX Exchange NY4-based matching engine is a new liquidity pool for institutional spot FX trading. Built specifically for funds, asset managers, brokerages and banks, the new exchange enables North American clients to trade on no 'last look' limit order liquidity.

With the North American market accounting for over 25% of global institutional FX, the addition of the NY4-based matching engine to the LMAX Exchange infrastructure represents a significant milestone in the company's global expansion.