LMAX Interbank London (LD4) facilitates bank-to-bank only liquidity pool, providing bank members with transparent, exchange quality, ultra-low latency execution.

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  • Rules based and trusted FX trading for bank members only
  • One public rulebook, all codes disclosed post-trade – view Interbank Member directory
  • Complete transparency – real time publication of order book updates and anonymous trade data
  • Exchange quality, ultra-fast execution: internal latency <80μs
  • Superior, full credit solution – more
    • Only a single credit line with the settlement bank required (JP Morgan)
    • All participants have equal access to the same CLOB
    • Settlement limits agreed mutually between Settlement Bank and each Bank Member
    • Any orders breaching settlement limits will be rejected
    • Post-trade named give up

  • No fixed costs*

* brokerage fees apply only when trading (carrier, cross connect and GUI fees may be applicable if using a third party)

  • Instruments: spot FX (over 60 pairs) – download instrument list
  • Connectivity: Cross connect at Equinix LD4, PoP at Interxion, Extranet / Hosted service providers – more
    • LMAX Proximity
    • Guavatech
    • BT Radianz
    • BeeksFX
    • UltraFX
    • TMX Atrium
    • Fixnetix
    • FCM-360
    • FluentTech
    • FXeco Systems

  • Access: LMAX FIX 4.2

  • Apama
  • Broadway
  • Market Factory
  • Redline Trading Solutions
  • SmartTrade
  • FlexTrade
  • FluentTech
  • Itiviti
  • TradePoint
  • Exegy
  • TradAir

  • LMAX DropCopy
  • MarkitSERV/Deal Hub
  • Traiana