LMAX Exchange - a unique vision for institutional 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 Services 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 the most efficient and cost effective way to trade very liquid products like spot FX. In an industry currently driven by regulatory reforms, the LMAX Exchange vision is to deliver that same 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 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 market makers, 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 - unparalleled technology excellence
For broker/dealers, proprietary trading firms, corporate treasuries, and institutional asset managers, LMAX Exchange technology excellence ensures unparalleled full pre and post-trade transparency, precision execution and neutrality - helping optimise their FX trading strategies.
LMAX Exchange - award-winning FX trading venue
The LMAX Exchange business model and trading technology has been recognised for excellence and innovation by the FX industry’s most prestigious awards:
- 2013 Best FX Trading Platform - ECN/MTF - WSL Institutional Trading Awards -
The Wall Street Letter Institutional Trading Awards honours excellence among providers to the institutional trading industry.
- 2011 Best Trading System - Financial Sector Technology Awards -
The FST Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector.
- 2011 Oracle's "Duke's Choice" Innovative Programming Framework Award -
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.
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.