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
  • 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)

  • Australia & New Zealand Banking Group Ltd
  • Banco Bilbao Vizcaya Argentaria
  • Bank of America NA
  • Barclays Bank PLC
  • BNP Paribas
  • Citi Bank NA
  • Commerzbank AG
  • Coöperatieve Rabobank U.A
  • Credit Agricole
  • Credit Suisse AG
  • DBS Bank
  • Goldman Sachs International
  • HSBC Bank Plc
  • Investec Bank plc
  • JP Morgan Chase NA
  • Morgan Stanley & Co. International Plc
  • National Australia Bank
  • NatWest Markets Plc
  • Nomura International PLC
  • Royal Bank of Canada
  • Royal Bank of Scotland PLC
  • Skandinaviska Enskilda Banken AB
  • Societe Generale
  • Standard Chartered Bank
  • The Bank of New York Mellon
  • The Standard Bank of South Africa Ltd
  • Toronto Dominion
  • UBS AG
  • Unicredit Bank AG
  • Westpac Banking Corporation

  • 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