GTX, the institutional foreign exchange trading arm of GAIN Capital Holdings Inc (NYSE: GCAP), has announced that it will launch a new matching engine for its flagship ECN in Tokyo January 31, 2017.
GTX had previously announced plans for the Tokyo matching engine
in September, alongside those for a new London matching engine. The London site went live on October 17.
The new Tokyo matching engine, along with those local to New York and London, can all be accessed by clients connected to any of the locations. Clients may choose whether to interact only with local liquidity for faster response time, or to obtain best price and depth against the global order book.
The Tokyo matching engine will be supported by a dozen leading liquidity providers when it launches.
Vincent Sangiovanni, CEO of GTX Bermuda Ltd. said:
The launch of our Tokyo matching engine underscores our commitment to provide the best possible market access to our growing Asian clientele. We look forward to providing lower latency market access to our current clients and serving new ones, who prefer trading on a local matching engine.
Liquidity on GTX’s ECN is optimized for buy-side clients enabling them to trade on the best available prices with ongoing, active monitoring of trade matches and execution quality. This process ensures orders from regional matching engines can be effectively consolidated into the ECN’s global central limit order book.
GTX’s current matching engines are in Equinix’s NY4 and LD4 data center respectively. The new matching engine is in the company’s TY3 data center.