LMAX Exchange has announced the launch of LMAX Hong Kong. It will act as a licensed broker to handle leveraged foreign exchange trading.
LMAX Hong Kong’s plan is to offer institutional and professional clients in Hong Kong the ability to trade FX liquidity on LMAX Exchange via approximately 60 FX pairs.
Scott Moffat, the current chief operating officer of LMAX Exchange, has been named as the new head of LMAX Hong Kong. He said that the recent addition of a new matching engine in Tokyo meant that the firm is able to offer the same low latency execution of under four milliseconds to its clients in Asia-Pacific region as they do in London.