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Institutional FX trading - a unique approach

Creating a level playing field for institutions using algorithmic trading strategies

An FCA regulated, award-winning venue

Exchange quality, limit order driven execution, with no 'last look' or rejects

Complete pre & post-trading transparency

An open order book with firm liquidity from top tier banks and proprietary trading firms

High-performance FX market access

LMAX Institutional is an FCA regulated MTF for FX, aimed at institutions using sophisticated algorithmic trading strategies.

LMAX Institutional OPEN order book offers firm limit order-driven liquidity from a range of institutions, creating a unique FX trading venue with exchange quality execution.

Servicing Hedge Funds, High Frequency Traders, Corporates and CTAs, LMAX Institutional delivers a unique vision for global FX trading - a transparent, neutral, level playing field for all market participants.

LMAX Institutional - advantages:

  • Unparalleled exchange quality execution
  • Optimal price discovery enabled by high throughput >100k messages/second
  • Complete trading anonymity
  • Low latency execution
  • Pre and post-trade transparency
  • Open order book with full market depth
  • Liquidity from top tier banks and proprietary trading firms
  • Firm limit order liquidity with no ‘last look’ rejections
  • Full range of clearing solutions

Powered by award-winning LMAX Exchange technology

The LMAX Exchange business model and trading technology, on which LMAX Institutional is based, has been recognised for excellence and innovation by the FX industry’s most prestigious awards:

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

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

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

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

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

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

About LMAX Exchange - learn more

LMAX Exchange – tops The Sunday Times Tech Track 100 league table

LMAX Exchange has been ranked No.1 overall in the 2014 Sunday Times Hiscox Tech Track 100 league table, eclipsing its 2013 ranking of 15th, with a remarkable growth of 307.8% in annual revenues.

“Our performance in the 2014 TECH TRACK 100 rankings clearly demonstrates how LMAX Exchange is proving to be THE disruptive innovator in global currency trading” says CEO David Mercer.

Tech Track 100, compiled by Fast Track annually and published by the Sunday Times each September, lists Britain’s 100 fastest-growing private tech companies based on sales growth over the last three years.

Learn more