Optimised, exchange quality FX execution
The unique LMAX Exchange business model addresses the fundamental changes happening within the FX market, and solves two key industry problems:
- Lack of transparency of the true cost of OTC traded FX
- Lack of precise, consistent & reliable FX trade execution
LMAX Exchange delivers conflict free, neutral execution and transparent cost of trade to both, the buy-side and sell-side. LMAX Exchange is not a market-maker, and unlike some ECNs, the open order book is driven by streaming, non ‘last look’ limit orders supplied by top tier banks and institutional liquidity providers.
LMAX Exchange - precise, consistent and reliable
Unparalleled execution quality - average trade latency is 4 ms more
Award-winning FX trading venue - recognised for excellence and innovation more
Our proprietary trading technology is recognised for excellence and innovation.
- 2014 Best Margin Sector Platform – Profit & Loss Readers’ Choice Awards
- 2014 Best FX Trading Venue – ECN/MTF – WSL Institutional Trading Awards
- 2014 Best Infrastructure/Technology Initiative by Exchange/ATS – WSL Institutional Trading Awards
- 2013 #15 Fastest Growing Tech Company in the UK – Sunday Times Tech Track 100
- 2013 Best Overall Testing Project in Finance – The European Software Testing Awards (TESTA)
- 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards
- 2013 Best FX Trading Platform – ECN/MTF – WSL Institutional Trading Awards
- 2013 Best Execution Venue – Forex Magnates
- 2011 Best Trading System – Financial Sector Technology Awards
- 2011 Innovative Programming Framework – Oracle Duke's Choice Awards
Our technology combined with our unique business model, creates a level playing field for ALL clients, regardless of status, size or activity levels - learn more
Pre & post-trade transparency - an open order book with no ‘last look’ more
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. close
Strict price/time priority matching - totally neutral trade matching
LMAX Exchange - connectivity and access
LMAX Exchange supports all the FX trading strategies of both, buy-side & sell-side trading institutions through either API or manual trading.
- Connectivity: Cross connect at Equinix LD4/5, PoP at Interxion, Extranet and Internet more
- Access: API (Java & .Net), FIX 4.4, Web GUI, Mobile, MT4/5 Bridges, MultiCharts
LMAX Exchange - latest statistics
LMAX Exchange is NOT quote driven. We only match client orders against streamed, no 'last look', limit orders from our liquidity providers - with all spreads set also by the market not LMAX Exchange.
LMAX Exchange - listed in The Sunday Times Tech Track 100
The Sunday Times Tech Track 100 is a league table of Britain’s fastest-growing private technology companies, ranking them based on their growth in sales over the last three years of available data.
The FX marketplace is undergoing unprecedented change: with the LMAX Exchange trading model challenging established FX practices through complete pre and post-trade transparency, whilst matching the reliable, precise execution available in other asset classes.