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New thinking in interbank FX trading

A level FX playing field for ALL Banks - regardless of status, size or activity levels

Assured FX trading via exclusive membership

LMAX InterBank - Bank Members only, clear Rulebook, all codes disclosed post-trade

Complete pre & post-trading transparency

Real time publication of order book updates and anonymous trade data

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LMAX InterBank - the spot FX execution venue for banks only

LMAX InterBank is a spot FX execution venue for banks only, part of LMAX Exchange.

Based on the proven, reliable, award-winning LMAX Exchange FX matching technology, LMAX InterBank delivers all the benefits of exchange quality execution, complete pre and post-trade transparency and a level playing field for ALL participants - regardless of status, size or activity levels.

MTF vs Exchange vs ECN - learn more

LMAX InterBank - advantages

  • Assured and trusted FX trading via exclusive membership

    Bank Members only, clear Rulebook, all codes disclosed post-trade - Bank Members snapshot

  • Complete trading transparency

    - real time publication of order book updates and anonymous trade data

  • Exchange quality, ultra-fast, execution (avg. 0.5ms)

    - every Member benefits from exchange quality execution

  • All Bank Members are created equal

    - regardless of status, size or activity levels

  • Superior credit solution

    - only a single credit line with the settlement bank required
    - every bank sees every price and controls their own pre-trade NOP risk - download a Pre Trade Risk Limits

  • FX industry recognised, award-winning technology

    - all Members benefit from unparalleled FX trading technology expertise - learn more

  • No fixed costs*

    - only pay brokerage when trading (carrier, cross connect and GUI fees may be applicable if using a third party to connect to LMAX InterBank)

Built on industry proven LMAX Exchange technology

Based in London, UK, LMAX Exchange, an FCA authorised MTF, operates several platforms, including LMAX InterBank, an execution venue for spot FX for banks only.

The exchange execution model is the most efficient and cost effective way to trade very liquid products like spot FX. In an industry currently driven by regulatory reforms, LMAX InterBank is able to deliver that same transparent, neutral, level playing field to all participants in the interbank FX market.

LMAX Exchange - the award-winning FX trading venue

The LMAX Exchange business model and trading technology, on which LMAX InterBank is based, has been recognised for excellence and innovation by the FX industry’s most prestigious awards:

Business growth awards:

2016, 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

2016, 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:

2017, 2016, 2015, 2014, 2013 Best FX Trading Venue - (ECN/MTF) – Fund Technology and WSL Awards more

LMAX Exchange has been awarded The Fund Technology and WSL Awards “Best FX Trading Venue - ECN/MTF” for five consecutive years. The 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 four 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

About LMAX Exchange - learn more