FastMatch Adds Matching Engine in London26 Jun 2013
New York and London – June 19, 2013 – FastMatch a matching system for foreign exchange trading announced the launch of its second matching engine located in the Equinix UK LD4 facility.
FastMatch launched its initial matching engine to operate FX Spot and metals from the Equinix NY4 facility. The additional matching engine in London will offer FastMatch European clients access to real time transparent quotes and trade information as well as offer a complete redundancy to the platform across all regions.
“This was the next step in our launch plan. This will offer traders throughout Europe access to real time pricing information. Unlike prices from other major FX ECNs, the FastMatch prices won’t be intentionally delayed or coming from the United States,” said Dmitri Galinov, CEO of FastMatch. “We are excited to deliver real time transparency to the continent.”
“As Equinix’s financial ecosystem continues to globalize and grow, we’re seeing more matching engines and exchanges deploy multiple storefronts in various cities to extend their reach. With the launch of its matching service from the London Slough data center campus, FastMatch is certainly on the right track to gaining a competitive edge in today’s global marketplace.” FastMatch launched in the summer of 2012 and is a joint venture of FXCM Inc. and Credit Suisse Group AG, adding Bank of New York Mellon as a third backer in early 2013. FastMatch strives to offer its customers access to large pools of diversified liquidity at unparalleled speed with complete transparency in the optimal location.
FastMatch is based on the technology underpinning the world’s largest equities crossing system, the Credit Suisse Crossfinder matching engine, re-tooled and tailored to the needs of the global foreign exchange markets. This market-tested technology gives FastMatch an incredible performance and technological advantage with the ability to handle thousands of clients simultaneously.
FastMatch allows clients to 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.
Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all.
FastMatch is a matching system of spot foreign exchange. The FastMatch system strives to offer its customers access to a large pool of diversified liquidity at unparalleled speed, complete transparency, central location and excellent customer service.
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