About LMAX

LMAX (London Multi Asset Exchange) is Europe's first MTF for trading FX and CFD instruments. LMAX enables both private and institutional investors to trade directly on the exchange and benefit from:

  • Tight institutional prices
  • Price transparency and market depth
  • No dealer intervention and never any requotes
  • Ultra fast anonymous execution
  • Access to centralised clearing through LMAX Broker services
  • Reliability and credibility of an MTF authorised by the FSA

Customers can currently trade 70+ rolling spot FX contracts and CFDs in indices, commodities.

In 2011 LMAX trading technology has been recognised for excellence and innovation by the following financial industry’s prestigious awards:

  • LMAX won ‘Best Trading System’ at the Financial Sector Technology (FST) Awards - beating industry heavyweights Chi-X Europe and Credit Suisse. The FST Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sectors.
  • LMAX won Oracle's "Duke's Choice" Innovative Programming Framework award for its Disruptor technology - This technology was created by LMAX to enable ultra fast and superior quality of execution throughout the exchange. The Duke's Choice awards celebrate extreme innovation in Java, recognising projects and organisations which push the boundaries of the technology.

LMAX was established and is majority owned by Betfair, the world’s leading sports betting exchange, and launched in October 2010 after nearly three years of development. Based in the UK, LMAX is authorised and regulated by the Financial Services Authority as a Multi-Lateral Trading Facility (“MTF”). MTF is defined in the Markets in Financial Instruments Directive (“MiFID”) as a multilateral system, operated by an investment firm or a market operator, which brings together multiple third-party buying and selling interests in financial instruments - in the system and in accordance with non-discretionary rules - in a way that results in a contract in accordance with the provisions of Title II of MiFID.

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. The information on this website is not directed at residents of the United States of America or any other jurisdiction where trading in CFDs and/or FX is restricted or prohibited by local laws or regulations.