LMAX Exchange has connected with low latency connectivity services provider 4OTC’s Libre Liquidity Bridge service, set to allow liquidity providers to stream FX liquidity on LMAX exchange venues with ultra-low latency.
Libre offers connectivity to LMAX Exchange execution venues worldwide including London, New York, Singapore and Tokyo.
The service also enables improved connectivity management, greater liquidity onto exchanges, as well as a reduction in the time taken to onboard new liquidity providers.
“Across all our exchanges the quality and depth of liquidity are key,” said Daniel Karakanna, head of liquidity management and analytics, EMEA at LMAX Exchange.
“The connectivity with 4OTC’s Libre service will enable more liquidity providers to price on LMAX Exchange execution venues, as well as leverage our distribution scale and global exchange infrastructure.”
According to services provider 4OTC, its offering provides technology which addresses issues faced by liquidity providers, OTC trading desks and exchanges in the FX and digital asset markets.
Libre offers co-located connectivity to various liquidity providers and venues trading digital assets and FX.
“Liquidity providers making firm prices need consistent and predictable low latency and Libre has been architected to match these requirements […] 4OTC is a specialist in ultra-low latency connectivity, which, combined with LMAX’s focus on performance, makes a great match for the Libre service,” said Mark Price, co-founder of 4OTC.