LMAX Exchange, the FCA regulated MTF for global FX trading, has launched LMAX Hong Kong Limited, an SFC licensed broker for leveraged foreign exchange trading.
As an SFC licensed broker, LMAX Hong Kong offers institutional and professional clients in Hong Kong the ability to trade firm limit order FX liquidity.
Scott Moffat, COO of LMAX Exchange, who is heading LMAX Hong Kong as an Executive Director, commented: “The establishment of LMAX Hong Kong as an SFC licensed broker significantly contributes to the firm’s growing presence in Asia Pacific.
“The recent addition of a new matching engine in Tokyo (TY3) means we can offer the same low latency execution of under 4ms to our clients in Asia Pacific, that our clients currently enjoy in LD4.”
David Mercer, CEO of LMAX Exchange, added: “LMAX Exchange is leading the industry towards transparency through its unique exchange trading business model, and we’ve witnessed a real shift in FX trading towards transparent price discovery and fair execution over the past few years.
“In 2015 our goal is to become a leading player in FX trading in Asia Pacific by offering that same transparent, neutral, level playing field for all market participants in the region.”