Institutional Traders

unique, and fully transparent, trading venue. Perfect Lion Exchange provides: Innovative Liquidity, Technology and Credit Solutions to institutional traders allowing them to trade effortlessly on low latency, multibank liquidity, all dynamically powered by a robust pricing and trade execution infrastructure.

Perfect Lion Exchange provides

to institutional traders allowing them to trade effortlessly on low latency, multibank liquidity,
all dynamically powered by a robust pricing and trade execution infrastructure.

Innovative Liquidity

Technology

Credit Solutions

The firm’s Direct Market Access and Full Order Execution

Enables traders to transact anonymously on aggregated pricing, streamed real-time from a deep pool of leading market-maker banks and ECNs. To compliment this reliable and transparent trading environment, Perfect Lion Exchange has developed Full Order execution, functionality which seamlessly facilitates “block trading” by preventing order information leakage therefore minimizing market impact.

Full range of prime brokerage services

Allowing the firm to onboard both credit and collateral/margin-based clients. A unique, fully segregated custodial account is also an option for those clients seeking an additional layer of financial security.

Transparent, precise, consistent execution

Perfect Lion Exchange, part of the Perfect Lion Group, delivers efficient market structure and transparent, precise, consistent execution to all market participants, including funds, banks, proprietary trading firms, brokerages and asset managers. Operating multiple global institutional FX exchanges and an FCA regulated MTF, Perfect Lion Exchange enables institutions to trade on a central limit order book with streaming firm limit order liquidity from top tier global banks and non-banks.

Control over execution strategy and costs

Trading on Perfect Lion Exchange streaming firm limit order liquidity enables institutions to have full transparency of market dynamics, avoid pre-trade information leakage and control execution strategy and costs:

  • Fill ratio: can be configured and optimised for a specific execution strategy by applying ‘tolerance’ to the target price. Fill ratio and price variation metrics on limit orders are interlinked and related to price volatility
  • Price variation: driven by market dynamics, both price improvement and slippage on limit orders are passed fully and transparently
  • Hold time: lack of discretionary latency eliminates one of the most significant hidden opportunity costs of ‘last look’, delivering consistently low latency execution
  • Bid-offer spread: price discovery through executable pricing ensures transparency of real market conditions
  • Market impact: no ‘last look’ execution eliminates the risk of pre-trade information leakage or disadvantageous price changes ahead of full order execution

Key benefits of trading on firm limit order liquidity

  • Transparent, fair and consistent exchange quality execution
  • No ‘last look’ rejections and no added costs
  • Configurable/optimised fill rate
  • Price improvement as standard
  • Control over all execution parameters & costs
  • Real-time firm limit order liquidity market data

Superior execution quality and low latency

  • Configurable/optimised fill rate: up to 99%
  • Price improvement as standard: up to $20/million
  • Order matching ‐ internal exchange latency <85 μs
  • Processing capacity ‐ orders/sec. 800,000 peak, 100,000 sustained

Industry leading, proprietary technology

Perfect Lion Group proprietary technology, widely recognised for industry innovation, delivers ultra-low latency execution, high capacity and robust, consistent exchange performance.

Our global exchange infrastructure includes matching centres in London (LD4), New York (NY4) and Tokyo (TY3).

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