Breaking news: Divisa Capital expands prime of prime service to Asia with Tokyo matching engine in TY3
Long established specialist liquidity provider Divisa Captial has today announced the expansion of its prime of prime service with the launch of its latest matching engine which is hosted at Equinix TY3 data center in Tokyo, Japan. Today at the iFXEXPO Asia 2016 in Hong Kong hosted by ConversionPros and Finance Magnates, Mushegh Tovmasyan, CEO of Divisa Capital, […]
Long established specialist liquidity provider Divisa Captial has today announced the expansion of its prime of prime service with the launch of its latest matching engine which is hosted at Equinix TY3 data center in Tokyo, Japan.
Today at the iFXEXPO Asia 2016 in Hong Kong hosted by ConversionPros and Finance Magnates, Mushegh Tovmasyan, CEO of Divisa Capital, along with members of the company’s senior management team, met with Andrew Saks-McLeod in order to detail the expanded service to further refine its service to its client base in the Asia Pacific region.
Bo Pang, Business Executive at Divisa UK explained the ethos behind the establishment of a matching engine at TY3 “I am a quant by education, with a Masters Degree from Bristol University, and besides developing Divisa’s business in Asia. I spend a lot of time doing analytics and optimization of trading activity within the various platforms within our organization.”
Mr. Tovmasyan further explained that “This is a new trend, whereby customers in Asia are becoming increasingly technology sensitive and are constantly looking to improve the logistics of their business.”
Mr. Pang added “In listening to customer demand from within the Asia Pacific region, specifically from within China, Divisa felt that the timing and market conditions were right to offer a localized liquidity pool, reducing latency and significantly improving trading conditions for brokers. Localization is not only essential for price takers, in particular brokerages, but also the top tier banks that are providing the liquidity.”
“Latency is a double-edged sword in that it eats into profitability of both the client and the provider because essentially when an Asian customer is trading against a bank pricing from the US or UK, latency has two effects. For a retail broker (liquidity taker) which provides a trading environment, latency is reflected in the form of slippage. To the price provider (banks and HFT firms) it is seen as trades on consistently latent prices which increases the toxicity of the order flow.”
“Bearing this in mind, it is the duty and specialty of Divisa as the prime of prime service provider to optimize the trading environment to improve performance for both sides of the equation. We use PrimeXM’s Xcore technolgy for LP aggregation and distribution to clients via FIX API and MT4 bridges.”
Mr. Tovmasyan concluded by explaining that “We have been operating a New York and London matching engine for a number of years now, dating back to 2007 and TY3 marks a new chapter of our continued growth. Clients of Divisa UK, Divisa Armenia and Divisa New Zealand can now take advantage of the new offering as the first trades where successfully executed last week.”
Photograph: Bo Pang, Gary Dennison and Mushegh Tovmasyan of Divisa Capital in Hong Kong. Copyright Andrew Saks-McLeod