Sucden Financial launches TY3 matching engine

Sucden Financial, a 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.

“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," says Phil Kim, Head of eFX Sales, Asia-Pacific.

Manish Kedia, Global Head of FX and Managing Director, FlexTrade APAC, adds: “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.”