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Speed, price, reliability and transparency

LMAX Exchange delivers a transparent, neutral, level playing field for all FX market participants

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

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 #1 Fastest Growing Tech Company in the UK – Sunday Times Tech Track 100 more

The Tech Track 100 league table lists Britain’s 100 private tech companies with the fastest-growing sales over the last three years. Tech Track 100 is compiled by Fast Track annually and published in the Sunday Times each September. close

2014 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more

The Profit & Loss Readers’ Choice Awards are voted on by the readers and recognise excellence within the foreign exchange industry throughout the previous year. close

2014 Best FX Trading Venue – ECN/MTF – WSL Institutional Trading Awards more

The Wall Street Letter Institutional Trading Awards honour excellence among providers to the institutional trading industry. close

2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awards more

The Wall Street Letter Institutional Trading Awards honour excellence among providers to the institutional trading industry. close

2013 #15 Fastest Growing Tech Company in the UK – Sunday Times Tech Track 100 more

The Tech Track 100 league table lists Britain’s 100 private tech companies with the fastest-growing sales over the last three years. Tech Track 100 is compiled by Fast Track annually and published in the Sunday Times each September. close

2013 Best Overall Testing Project – The European Software Testing Awards more

The European Software Testing Awards (TESTA) recognise excellence and innovation in the software testing and quality assurance across a variety of industries. close

2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more

The Profit & Loss Readers’ Choice Awards are voted on by the readers and recognise excellence within the foreign exchange industry throughout the previous year. close

2013 Best FX Trading Venue - ECN/MTF – WSL Institutional Trading Awards more

The Wall Street Letter Institutional Trading Awards honour excellence among providers to the institutional trading industry. close

2013 Best Execution Venue – Forex Magnates Awards 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

2011 Innovative Programming Framework – Oracle Duke's Choice Awards more

Oracle’s Duke's Choice Awards celebrate extreme innovation in the world of Java technology and are granted to the most innovative projects using the Java platform. 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.