Weekend FX – now trade FX -7 days a week
LMAX Global offers Weekend FX trading, enabling market participants to capitalise on FX movements over the course of a weekend, or hedge their FX exposure when there is no underlying market available, without having to wait for the market to open on Sunday Night.
Weekend FX instruments key facts
Open a Weekend FX account
Weekend FX service is currently only available to clients of LMAX Global UK and new independently funded account is required to access Weekend FX instruments.
Both accounts will remain independent, with trades on one account not offsetting or adding to the other, either in terms of position or margin requirements. Realised profits and losses on your Weekend FX account can be transferred back to your existing LMAX Global account when requested.
Trading example
Trade example
Client opens a 10 contract trade in EURUSD at 1.10000, giving a notional value of $110,000.
Client chooses to hold the position through to market close.
At market close on Sunday the price is 1.10500, resulting in an unrealised profit of $500 ($110,500).
Settlement process explainedmore
Connectivity and access
Connectivity: Cross connect at Equinix LD6 and via internet
Access: LMAX GUI, mobile, API (Java/.Net), FIX 4.2 /4.4, ITCH market data