Equiti Capital deploys Lucera LumeFX’s aggregator to open new markets

Rick Steves

LumeFX allows for flexible control over liquidity pools, price aggregation, distribution, and order routing while responding to pre-set risk limits automatically.

Equiti Capital has deployed Lucera LumeFX’s aggregator that offers latency execution and expansive connectivity to the FX market.

The prime brokerage will leverage the cross-asset matching, aggregation and price distribution platform to open new markets without having to own the infrastructure as it is priced on a SaaS subscription model.

LumeFX allows for flexible control over liquidity pools, price aggregation, distribution, and order routing while responding to pre-set risk limits automatically.

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 customizable 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.

The FCA-regulated prime of prime broker has recently appointed Stephane Treny to its agency FX Desk as a Senior FX Sales Trader. The 25-year veteran spent most of his career in senior sales roles at Deutsche Bank, UBS, Credit-Suisse, and lastly Unicredit as Head of FX Sales for France, Switzerland, and Benelux.

In 2020, Equiti Capital partnered with FXCubic for its proprietary liquidity solutions and price management systems in a time where stable pricing and liquidity are perhaps the most important factor to traders across the globe.

The institutional prime brokerage division of the Equiti Group also partnered with Your Bourse, to expand its liquidity distribution network as an opportunity to attract new clients seeking to diversify their existing liquidity pool.

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