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A cost-effective, efficient way to trade FX

Precise, consistent and reliable FX order matching with liquidity from top tier banks and proprietary trading firms

Complete pre and post-trade transparency

A limit order driven, open order book shows market depth - up to 20 levels via FIX

A level playing field for all FX participants

Strict price/time priority order matching ensures neutral, orderly trade execution

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FX and CFDs are leveraged products that can result in losses exceeding your deposit.
They are not suitable for everyone so please ensure you fully understand the risks involved. View full risk warning

LMAX Exchange - 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

With an internal latency of 500 micro seconds, we deliver consistent and precise quality of execution which radically improves participants’ best execution objectives. close

Award-winning FX trading venue - recognised for excellence and innovation more

Our proprietary trading technology is recognised for excellence and innovation.

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

2015 Recognised as a Tech City Future Fifty company – Tech City UK Future Fiftymore

LMAX Exchange is part of the Future Fifty programme, focused on accelerating the success of high-growth tech businesses. 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

2016, 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

2013 Best Execution Venue – Forex Magnates Awards more

LMAX Exchange has been awarded the Forex Magnates Awards “Best Execution Venue”. The awards are granted to the top firms in their categories and announced at the annual London summit. 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

The European Software Testing Awards (TESTA) recognise excellence and innovation in the software testing and quality assurance across a variety of industries. 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

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

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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

Trading anonymity - matching buyers to sellers anonymously more

Anonymous trading ensures conflict free and neutral execution with ALL participants receiving the same speed, price and reliability, pre and post-trade without favour. close

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 and TY3, 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.

  • Examine our historical spreads here
  • Examine our execution performance here

LMAX Exchange - THE disruptive innovator in global currency trading

Over the last 3 years, LMAX Exchange has been consistently recognised as one of the UK’s fastest growing technology firms in prestigious business rankings, including the Deloitte Fast 50 and The Sunday Times Tech Track 100. LMAX Exchange is also a member of the Tech City Future Fifty programme.

“Our performance in the Tech Track 100 rankings, Deloitte UK Technology Fast 50 and EMEA 500, and inclusion in the Future Fifty programme 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. 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.