FX and CFDs are leveraged products that can result in losses exceeding your deposit. They are not suitable for everyone so please ensure you fully understand the risks involved. View full risk warning.

LMAX Exchange delivers fundamental exchange execution benefits to every FX trading professional

  • Unparalleled execution quality - we boast an average trade latency of 3 milliseconds with an internal latency of 500 micro seconds - delivering a consistent and precise quality of execution ensures participants’ best execution requirements are met without compromise.
  • Award-winning FX trading venue - Our proprietary trading technology is recognised for excellence and innovation

    The business model, combined with our
    proven, proprietary technology, creates a
    level playing field for all clients - with the
    trading technology garnering top FX industry awards.

    At the 2013 WSL Institutional Trading Awards
    we received ‘Best FX Trading Platform
    ECN/MTF’
    and at the prestigious 2011
    Financial Sector Technology awards, we
    were awarded ‘Best Trading System’
  • Pre & post trade transparency - we run an open order book, we don’t run risk and there’s no 'last look' (unlike some ECNs) - streaming limit orders are supplied by our General Members so you’ll know the price and true cost of trade for every one of your matched orders.
  • Strict price/time priority matching - ensures processing of trades in an orderly and totally neutral manner.
  • Trading anonymity - our mission is simple, we match buyers to sellers, within an anonymous trading venue - anonymous trading ensures conflict free and neutral execution with ALL participants receiving the same speed, price and reliability, pre and post trade without favour.

LMAX Exchange - the most cost-effective, efficient way to trade FX

LMAX Exchange offers precise, consistent and reliable FX order matching to funds, proprietary trading firms, asset managers, brokers and professional traders, all underpinned by market liquidity from top tier banks and institutional market makers - find out more

LMAX Exchange statistics

LMAX Exchange is NOT quote driven. We only match client orders against streamed, no 'last look', limit orders from General Members.

Examine our historical spreads - here
(spreads are set by the market not LMAX Exchange)
Examine our execution performance - here

Historical spreads
Historical spreads

Execution Performance
Execution performance

Trading access

LMAX Exchange supports the FX trading strategies of both buy-side & sell-side trading institutions through API
or manual trading.

LMAX Exchange access points - view all