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 - multi award-winning MTF
LMAX Exchange has been recognised for excellence and innovation in both trading technologies and business, as well as the FX industry’s most prestigious awards:
Business growth awards:
2015 Winner – Deloitte UK Technology Fast 50 more
Deloitte UK Technology Fast 50 is a ranking of the 50 fastest-growing technology companies in the UK, based on percentage growth of fiscal year revenues over the last four years. close
2015, 2014, 2013 Fastest Growing Tech Company in the UK – The Sunday Times Tech Track 100 more
LMAX Exchange has been recognised amongst the UK’s fastest growing technology firms for three consecutive years. 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. close
2015 Winner – Deloitte EMEA Technology Fast 500 more
The Deloitte EMEA Technology Fast 500 pre-eminent technology awards program is a ranking of Europe, the Middle East, and Africa's fastest-growing technology companies based on percentage revenue growth over three years. close
FX industry awards:
2016, 2015, 2014, 2013 Best FX Trading Venue - ECN/MTF – WSL Institutional Trading Awards more
LMAX Exchange has been awarded The Wall Street Letter Institutional Trading Awards “Best FX Trading Venue - ECN/MTF” for four consecutive years. WSL awards honour excellence among providers to the institutional trading industry. close
2015, 2014, 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more
LMAX Exchange has been awarded The Profit & Loss Readers’ Choice Awards “Best Margin Sector Platform” for three consecutive years. These awards are voted on by the readers and recognise excellence within the foreign exchange industry throughout the previous year. close
2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awards more
LMAX Exchange has been awarded The Wall Street Letter Institutional Trading Awards “Best Infrastructure/Technology Initiative” in 2014. WSL awards honour excellence among providers to the institutional trading industry. close
Financial technology awards:
2016 Best Trading & Execution – HFM US Technology Awards more
The HFM US Technology awards recognise hedge fund technology providers that have demonstrated exceptional customer service and innovative product development in the past 12 months. close
2013 Best Overall Testing Project – The European Software Testing Awards more
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
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.