Macquarie Launches Trade-Matching Engine in Hong Kong
The engine will anonymously match up bids and offers to complete trades on Macquarie's cash equities platform. Macquarie Crossing is intended to increase liquidity and reduce costs for institutional clients active in Hong Kong cash equities.
"The launch of Macquarie Crossing in Hong Kong provides global clients with access to increased liquidity to one of Asia's most important markets through a world-leading electronic execution platform," says Damian Hoult, global head of execution services at Macquarie Securities. "Through potential price improvements and reduced market impact, the crossing engine in Hong Kong complements our internal matching services in Japan and Australia to deliver effective and efficient global execution solutions."
The firm already operates two internal trade-matching engines in Australia and Japan.
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