A unique vision for global FX trading
LMAX Exchange (London Multi Asset Exchange) is the first MTF for FX, regulated by the Financial Conduct Authority - established to deliver the benefits of exchange quality execution to both buy-side & sell-side trading institutions.
Based in London, UK, LMAX Exchange is a trading name of LMAX Limited which is authorised and regulated by the Financial Conduct Authority as a Multilateral Trading Facility (“MTF”). MTF as defined in the Markets in Financial Instruments Directive (“MiFID”).
LMAX Exchange - delivering exchange quality execution
The "exchange" model is an efficient and cost effective way to trade very liquid products like FX. In an industry currently driven by regulatory reforms, the LMAX Exchange vision is to deliver transparent, neutral, level playing field to all participants in the FX market.
LMAX Exchange - the solution to current FX industry challenges
The LMAX MTF structure and exchange quality execution business model provide the solutions to two key industry challenges:
- Lack of transparency of the true cost of OTC traded FX
The LMAX Exchange order book is driven only by streaming limit-orders from top tier banks and proprietary trading firms, ensuring that true transaction costs are known.
- Lack of precise, consistent and reliable FX trade execution
LMAX Exchange order matching is on a strict price/time priority basis with no 'last look' or rejections, providing consistent & reliable trade execution.
LMAX Exchange - institutional FX trading excellence
For broker/dealers, proprietary trading firms, corporates and institutional asset managers, the combination of LMAX Exchange unique business model with trading technology excellence, ensures full pre and post-trade transparency, precision execution and neutrality - helping optimise FX trading strategies.
LMAX Exchange - award-winning FX trading technology
LMAX Exchange trading technology has been recognised for excellence and innovation by the FX industry’s most prestigious awards:
2014 Best FX Trading Venue – ECN/MTF – WSL Institutional Trading Awards more
2014 Best Infrastructure/Technology Initiative by Exchange/ATS – WSL Institutional Trading Awards more
2013 #15 Fastest Growing Tech Company in the UK - Sunday Times Tech Track 100 more
2013 Best Overall Testing Project in Finance – The European Software Testing Awards (TESTA) more
2013 Best Margin Sector Platform - Profit & Loss Readers' Choice Awards more
2013 Best FX Trading Platform - ECN/MTF - WSL Institutional Trading Awards more
2013 Best Execution Venue – Forex Magnates more
The Forex Magnates Awards are granted to the top firms in their categories and announced at the annual London summit. close
2011 Best Trading System - Financial Sector Technology Awards more
The FST Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector. close
LMAX Exchange - MTF Membership
LMAX Exchange welcomes discussions with all financial institutions interested in becoming General or Broker Members of the LMAX MTF. To learn more, visit the LMAX MTF website.