Sucden Financial Launches TY3 Matching Engine
PR84967
LONDON, July 30, 2020, /PRNewswire=KYODO JBN/--
Sucden Financial, the global multi-asset execution, clearing and liquidity
provider, has launched its TY3 (Tokyo) matching engine, in conjunction with
FlexTrade Systems
The new matching engine targets Asia-Pacific clients, providing a significant
reduction in cross-region latency and an overall enhanced experience, with
improvements to liquidity and price discovery during Asia trading hours.
Combined with Sucden Financial's established NY4 and LD4 infrastructure, the
addition of TY3 brings ultra-low latency access to the company's unique and
customised liquidity across all three regions.
Phil Kim, Head of eFX Sales, Asia-Pacific said, "We are very excited to add our
TY3 venue to Sucden Financial's ever-expanding suite of eFX products, as well
as for our partnership with FlexTrade. This launch underlines our continued
commitment to enhancing our services within the Asia-Pacific region, even
during these times of global uncertainty."
Manish Kedia, Global Head of FX and Managing Director, FlexTrade APAC, stated:
"We are delighted to be working with Sucden Financial, one of the world's
leading FX providers. This partnership to create an ultra-low latency solution
for APAC clients is in-line with our long-term commitment to the region. We
believe that with Sucden Financial's top-quality liquidity and our
best-in-class solution will make this collaboration a great success."
About Sucden Financial
With a history and heritage in commodity futures and options trading, Sucden
Financial has evolved and diversified to become a leading global multi-asset
execution, clearing and liquidity provider across FX, fixed income and commodities.
Sucden Financial has a proven track record of over 45 years in financial
markets. Since its foundation in 1973, it has been supported by its parent,
Sucden, one of the world's leading soft commodity trading organisations, while
remaining fully independent in its day-to-day trading operations.
Sucden Financial has headquarters in London, with offices in Moscow and
subsidiaries in Hong Kong and New York, providing a global reach and a local
service to clients around the clock.
Sucden Financial Limited is authorised and regulated by Financial Conduct Authority
Sucden Financial (HK) Limited is licensed by the Securities and Futures Commission (SFC).
About FlexTrade
Founded in 1996, FlexTrade Systems is the global leader in high performance
execution management and order management systems for equities, foreign
exchange, options, futures and fixed income.
A pioneer in the field, FlexTrade is internationally recognized for introducing
FlexTRADER, the world's first broker-neutral, and execution management trading
system, which allows clients to completely control and customize their proprietary
algorithms while maintaining the confidentiality of their trading strategies.
"MaxxTrader" is a comprehensive White Label solution offering Desktop, Web and
Mobile apps, along with distribution on the FIX API and integration with all
the major distribution channels. It covers an end-to-end workflow that includes
Aggregation, Price creation, Distribution, Order Management, Margin Engine,
Risk Management and Auto-hedging strategies. It has an out-of-the box Algo
suite such as TWAP, VWAP and Basket trading, that can be used internally and
offered directly to clients. The solution is hosted out of NY4, LD4, TY3 and
SG1 data centres to ensure the low latency access to market markers for order
matching and execution.
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SOURCE: Sucden Financial
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