Electronic foreign exchange traders now are getting a tool to help them combat fragmentation and better source liquidity in the spot trading market.
The tool, LumeFX, is a high-performance architecture that helps firms consolidate fragmented FX connectivity, identify the best liquidity providers, and manage execution costs. LumeFx uses an adaptive smart order router (SOR) to identify liquidity and facilitate high-quality, and efficient executions. LumeFX runs on Luceras high-performance infrastructure providing rapid connectivity to the FX spot market, reducing clients infrastructure costs and improving performance, and reliability of their trades.
LumeFX provides a high-performance, mission critical system that benefits from Luceras on-demand infrastructure offering. Coupled with Luceras on-demand compute capacity and software defined networks (SDNs), the design of LumeFX enables our customers to scale their compute needs with their business demands, said Peter Durkan, CTO, Lucera.
LumeFX helps match aggregated liquidity using its SOR while continuously refining and optimizing flow based on internal metrics and machine learning algorithms. It provides automatic performance-based flow allocation to liquidity providers. Expert resources are available to create customized trading strategies to help better manage order flow.
It also helps to control all aspects of client interaction and is engineered to help dynamically allocate liquidity, manage routing parameters and control cost on a per counterparty, per currency pair basis. Real-time spread management dynamically customizes pricing configuration for both Makers and Takers of liquidity, and algorithms provide a combined view of external liquidity and internal algorithmic executions services.
The LumeFX system utilizes a high-performance FIX engine supporting all FIX versions as well as a customized network built for speed and reliability. It delivers access to banks, electronic communication networks (ECNs), marketplaces and customers via high-speed, high-performance dark fiber cross connects for virtually unlimited global connectivity and trading.
The system is co-located in Equinix data center facilities in New York (NY4), London (LD4) and Chicago (Cermak), each platform participant runs on its own dedicated machine instance designed to maximize performance and eliminate central-server bottlenecks.
