Global investment bank Lehman Brothers has added new products and services to its electronic trading platform in the Asia-Pacific region.
Japanese stocks have been added to its proprietary crossing network, Liquidity Cross (LX). It has also completed an Asia-Pacific roll out of trade alert system
Panorama and LMX Advanced Strategies, the bank’s algorithmic trading suite.
Through the LX platform, Lehman Brothers will provide access to dark liquidity pools of shares offered on the Tokyo Stock Exchange, Osaka Stock Exchange and Jasdaq Securities Exchange.
Clients will be able to connect to LX liquidity through the LMX algorithm suite, which is based on specific requirements and risk tolerances.
LMX access has been expanded to include markets in Japan, Hong Kong, Korea, Australia, Singapore and Taiwan.
In addition, Panorama is also being rolled out to the Asia-Pacific, enabling users to get real-time alerts on market events including, price movements, volume activity and performance-based alerts on open and historical orders.
“As electronic trading gains in importance and complexity, Lehman Brothers is committed to providing state-of-the-art technology that meets our clients’ increasingly sophisticated needs,” said John Adair, head of equity liquid markets sales, Asia-Pacific for Lehman Brothers, in a statement. “The LX platform offers clients new and alternative sources of liquidity, helping to facilitate their investment decisions while minimising market impact, with LMX Advanced Strategies and Panorama offer valuable trading execution and real-time information.”