Institutional FX broker and liquidity solutions provider Equiti Capital, a subsidiary of Equiti Group, has announced that it has deployed LumeFX technology from Lucera. LumeFX is an industry-leading FX aggregator, known for its low latency execution and expansive connectivity to the FX market.
Benedict Sears, Head of Equiti Capital’s FX Desk, said:
“We are very pleased to have partnered with Lucera to expand the technology we use to distribute liquidity to clients. As a desk the high fill rates and aggressive pricing we provide to our electronic clients is paramount, the low latency of the co-located infrastructure provided by Lucera, coupled with the excellent liquidity management tools and analytics, helps us to this end.
“Lucera’s LumeFX platform allows Equiti to provide customisable liquidity streams to every client, aiding the matching of client interests to reduce market impact, while monitoring risks, including pre-trade credit checks, to ensure business continuity even in volatility spikes without compromising our dynamic risk management.”
Frank van Zegveld, MD of Business Development and Sales at Lucera, said:
“We’re very pleased with our partnership with Equiti Capital. Lucera’s LumeFX platform gives Equiti a new level of control of their FX operation, enabling Equiti Capital to dynamically manage every facet of how their clients interact and run their FX business with access to best-in-class FX technology.”
Leveraging Lucera’s services will allow Equiti Capital to open the door to new markets without having to own or operate any infrastructure, clearing the way for Equiti Capital to focus on its core competencies.
LumeFX can be deployed in NY4, LD4, TY3, FR2 and SG1, providing best-in-class aggregation technology and connectivity. It is used by banks and non-banks alike around the world, with its state-of-the-art smart order router (SOR), and allows for flexible control over liquidity pools, price aggregation, distribution, and order routing, while responding to pre-set risk limits automatically.
Lucera is a New York based firm wholly owned by BGC Partners Inc. (NASDAQ:BGCP), a leading global financial services firm. It provides best in-class on-demand co-located infrastructure and connectivity, priced on a SaaS subscription model, offering a compelling solution to businesses looking to lower expenses and reduce operational overhead. Lucera also offers a high-performance cross-asset matching, aggregation and price distribution platform as a service. The service covers FX, Rates and Credit with co-location available globally in NY4, SG1, LD4, FR2 and TY3.
Equiti Group Ltd is the parent company of some of the most progressive FX and CFD brands and prime brokerage providers in the industry. With over 300 global staff and 24/6 customer service, Equiti provides clients with access to individual, corporate and institutional brokerage services across various affiliates and subsidiaries. Equiti Group’s global footprint includes local offices in Europe, the Middle East, the Americas, Africa, and the Asia Pacific regions and provides trading support and services on the world’s leading trading platforms MT4 and MT5.