LMAX Digital partners with Zodia Custody to provide institutional-grade trading infrastructure and custody solution for CoinShares
London, New York, 17 May 2023 - Zodia Custody, a leading institution-first digital asset custodian by Standard Chartered in association with Northern Trust, and LMAX Digital, the regulated institutional crypto currency exchange operated by LMAX Group, today announce a collaboration to deliver institutional-grade trading infrastructure and custody services for the …read more
LMAX Group expands global exchange infrastructure in Asia Pacific with Singapore-based matching engine
London, Singapore, 18 November 2022 - LMAX Group, the leading operator of institutional exchanges for trading FX and digital assets, is expanding its global technology infrastructure in Asia Pacific following the launch of a matching engine in the Equinix IBX Data Centre in Singapore …read more
LMAX Group Reports Record Results in 2021
London, 1st November 2022 - LMAX Group (or “the Company”), the leading independent operator of institutional execution venues for FX and crypto currency trading, reports record financial results for the …read more
LMAX Digital continues its expansion with senior institutional sales appointments in the US and Europe
London, New York, 5 October 2022 - LMAX Digital, the leading institutional spot cryptocurrency exchange and part of LMAX Group, has appointed Bryan Christian as Director of US Sales and Cassandra Cox as Director, Institutional Sales in Europe, as it continues to build its presence globally. Bryan will be based …read more
LMAX Digital recognised in prestigious Financial News Excellence in Trading & Tech Awards 2022
London, 30 June 2022 - LMAX Digital, the leading institutional spot crypto currency exchange and part of LMAX Group, has been awarded Best Crypto Trading Platform in the Financial News Excellence …read more
LMAX Group to launch 24/7 traded crypto futures in partnership with SIX
London, Zurich, 17 March 2022 – LMAX Group, the leading operator of institutional exchanges for FX and crypto currency trading, has partnered with SIX, one of Europe’s leading operators of Financial Market Infrastructures, to launch cash-settled, centrally cleared crypto-asset futures (“crypto futures”). …read more
Sean Cleary joins LMAX Group as Head of Liquidity Management and Analytics for Americas
London, New York, 10 January 2022 – LMAX Group (or “the Company”), the leading independent operator of institutional execution venues for FX and crypto currency trading, has appointed Sean Cleary as Head of Liquidity Management and Analytics for Americas. Sean will …read more
Andreas Wigstrom appointed Managing Director, LMAX Global
London, 29 July 2021 – LMAX Group (or “the Company”), the leading independent operator of institutional execution venues for FX and crypto currency trading, has appointed Andreas Wigstrom to the newly created role of Managing Director for LMAX …read more
J.C. Flowers & Co to acquire 30% stake in LMAX Group to accelerate its future growth in FX and crypto currency markets
London, New York, 15 July 2021 – LMAX Group (or “the Company”), the leading independent operator of institutional execution venues for FX and crypto currency trading, today announced that it has signed a definitive agreement to sell a 30% stake in the company to …read more
Press centre archive
Paul Ainsworth joins LMAX Group to lead institutional sales for Americas
London, 8 July 2021 – LMAX Group, the leading independent operator of institutional execution venues for FX and crypto currency trading, has appointed Paul Ainsworth to the newly created position of Head of Institutional Sales for Americas. Paul will report to Patrick Bartle, Managing Director for Americas at LMAX Group and will be based in New York.
LMAX Group registers record results in H1 2021
London, 7 July 2021 – LMAX Group, the leading independent operator of institutional execution venues for FX and crypto currency trading, reports record results across all major key performance indicators for the six months ended 30 June 2021.
LMAX Group enters the DeFi space as a market data provider to the Pyth Network
London, 22 June 2021 – LMAX Group, the leading independent operator of institutional execution venues for FX and cryptocurrency trading, today announces that it has joined the Pyth Network (“Pyth”), a decentralised financial market data distribution network. LMAX Group becomes the first major institutional exchange to join the network.
LMAX Digital celebrates third anniversary
London, 24 May 2021 - LMAX Digital, the leading institutional spot cryptocurrency exchange and part of LMAX Group, celebrates its third anniversary. Launched in 2018, LMAX Digital has been at the forefront of crypto currencies moving mainstream. In just three years LMAX Digital has established itself as the second largest bitcoin exchange.
LMAX Group agrees new credit facility to fund next phase of growth
London, 2 December 2020 – LMAX Group (or “the Company”), the leading independent operator of institutional execution venues for FX and crypto currency trading, is pleased to announce that the Company has entered into an agreement with Silicon Valley Bank
LMAX Group wins three prestigious Profit & Loss Readers’ Choice Awards
London, 27 July 2020 - LMAX Group, the leading independent operator of institutional execution venues for FX and crypto currency trading, has been awarded three prestigious awards from the Profit & Loss
LMAX Group registers record results
London, 17 July 2020 - LMAX Group, the leading independent operator of institutional execution venues for FX and crypto currency trading, reports record results for the six months ended 30 June 2020. LMAX
LMAX Group launches transformational Weekend FX service
London, 09 June 2020 - LMAX Group, the leading independent operator of institutional execution venues for FX and crypto currency trading, has launched a Weekend FX service that will enable clients to trade outside of market hours for the first time on institutional grade exchange infrastructure.
LMAX Digital celebrates second anniversary with $85 billion of crypto currencies traded
London, 19 May 2020 - LMAX Digital, the leading institutional spot crypto currency exchange and part of the LMAX Group, is pleased to report that it has traded $85 billion worth of crypto currencies during
LMAX Group accelerates growth momentum with record results in 2019
London, 6 February 2020 – LMAX Group, the leading independent operator of institutional execution venues for FX and crypto currency trading, reports record profitability and financial performance for the year ended 31 December 2019. read more
LMAX Digital volumes are added to the TradeBlock platform
London, 5 December 2019 - LMAX Digital, the leading institutional spot crypto currency exchange and part of the LMAX Exchange Group, announced that it started publishing its daily trading spot volumes
LMAX Digital to start publishing daily trading spot volumes
London, 26 November 2019 - LMAX Digital, the leading institutional spot crypto currency exchange and part of the LMAX Exchange Group, announced that it started publishing its daily trading spot volumes
LMAX Exchange Group reports record interim results in 2019
London, 29 July 2019 - LMAX Exchange Group, a leading independent operator of institutional exchanges for electronic FX trading and crypto currencies, reports excellent growth and record financial performance for the six months to 30th June 2019.
LMAX Exchange Group continues global expansion with the acquisition of a broker in Cyprus
London, 17 July 2019 LMAX Global, a leading FCA-regulated broker for FX and part of LMAX Exchange Group, is pleased to announce that CySEC has formally approved its application for a purchase of Cyprus-regulated broker CB Capital Business ltd. Once complete, the
LMAX Digital reaches record trading volumes of $5 billion in May
London, 4 June 2019 - LMAX Digital, a regulated institutional crypto currency exchange and part of the LMAX Exchange Group, has announced it reached record trading volumes during the month of May. A record $5 billion was traded on LMAX Digital in the month, with a record high of over $400 million in daily spot volumes achieved on 12 May 2019. These monthly figures more than double April’s volumes which stood at $2.2 billion. read more
LMAX Digital reaches four million completed trades as it celebrates one-year anniversary
London, 13 May 2019 - LMAX Digital, part of the LMAX Exchange Group, is celebrating its one-year anniversary as the first physical cryptocurrency exchange dedicated exclusively to serving institutional clients. read more
LMAX Exchange Everest Rugby Challenge breaks two world records for highest ever rugby matches on Mount Everest
London, 6 May 2019 - LMAX Exchange Group (“LMAX Exchange” or “the Company”), a leading independent operator of institutional exchanges for electronic FX trading and crypto currencies, has helped raise over £250,000 for disabled and disadvantaged children in the UK and Ireland through its sponsorship of the ‘LMAX Exchange Everest Rugby Challenge’. read more
LMAX Exchange Group expands global crypto currency exchange having been granted a DLT Provider License from the Gibraltar Financial Services Commission
London, 17th April 2019 - LMAX Digital, the institutional crypto currency exchange operated by LMAX Exchange Group, a leading independent operator of institutional exchanges for electronic FX trading and crypto currencies, today announced that it has been granted a license as a Distributed Ledger Technology (DLT) Provider from the Gibraltar Financial Services Commission (GFSC). read more
LMAX Exchange strengthens institutional offering with the hire of Randy Rupan
London/New York, 9 April 2019 - LMAX Exchange Group (“LMAX Exchange” or “the Company”), a leading player in global capital markets that operates multiple institutional exchanges for electronic FX and crypto currency trading, has appointed Randy Rupan as Head of Liquidity Analysis. Randy, who reports to Jeremy Barnes, Global Head of Liquidity Management, will employ a data driven approach to this new role. His appointment further bolsters the Company’s offering to institutional clients.
LMAX Exchange Group Reports Another Year of Record Growth in 2018
London, 21 March 2019 - LMAX Exchange Group (“LMAX Exchange” or “the Company”), a leading independent operator of institutional exchanges for electronic FX trading and crypto currencies, reports excellent growth and record financial performance for the year ended 31st December 2018. read more
LMAX Exchange Group expands global crypto currency exchange with positive in-principle decision on Gibraltar license
London, 8 March 2019 - LMAX Digital, the institutional crypto currency exchange operated by LMAX Exchange Group, a leading independent operator of institutional exchanges for electronic FX trading and crypto currencies, today announced that it has received an in-principle decision on the firm’s application for a license as a Distributed Ledger Technology (DLT) Provider from the Gibraltar Financial Services Commission (GFSC). An in-principle decision is the final stage of the license authorisation process, where LMAX Digital needs to satisfy the GFSC with respect to one or more conditions before obtaining a license. read more
LMAX Exchange Group adds credit intermediation solution to its institutional FX offering
London, 11 February 2019 - LMAX Exchange Group (“LMAX Exchange” or “the Company”), a leading player in global capital markets that operates multiple institutional exchanges for electronic FX trading, including LMAX Exchange, an FCA regulated MTF, today announced the addition of a global credit intermediation solution for spot FX trading. read more
LMAX Exchange to accelerate growth in Asia Pacific with strategic senior appointments
Hong Kong / Singapore, 22 January 2019 - LMAX Exchange Group (“LMAX Exchange” or “the Company”), a leading player in global capital markets that operates multiple institutional exchanges for electronic FX and crypto currency trading, has made two notable appointments in its Asia Pacific business as part of its expansion plans in the region. read more
Launching record-breaking ‘LMAX Exchange Everest Rugby Challenge’
London, 26 July 2018 - LMAX Exchange Group (“LMAX Exchange”), the global high-growth financial technology company, is pleased to announce the launch of the LMAX Exchange Everest Rugby Challenge, hosted in partnership with Wooden Spoon, the UK’s leading children’s rugby charity. read more
LMAX Global launches MT5 white label solution in partnership with Tools for Brokers
London, 3 July 2018 - LMAX Global, a leading FCA regulated broker for FX and part of LMAX Exchange Group, announces the launch of MT5 white label solution in partnership with Tools for Brokers (TFB), a leading software provider for FX brokers operating on Metatrader platforms. read more
Roland White joins LMAX Exchange to lead global institutional sales
London, 22 June 2018 - LMAX Exchange Group (“LMAX Exchange”), the leading institutional exchange for global FX trading, has appointed FX veteran Roland White to the newly created position of Global Head of Institutional Sales, reporting to David Mercer, CEO of LMAX Exchange. Roland joins LMAX Exchange on 30 July 2018 from Commerzbank, where he was Head of Electronic Foreign Exchange Sales in London for eight years. read more
LMAX Exchange Group launches the first institutional crypto currency exchange
London, 21 May 2018 - LMAX Exchange Group (“LMAX Exchange”), one of the UK’s fastest growing technology companies, reports record breaking financial performance. read more
Institutional client demand drives record growth for LMAX Exchange in 2017
London, 8 May 2018 - LMAX Exchange Group (“LMAX Exchange”), one of the UK’s fastest growing technology companies, reports record breaking financial performance. read more
LMAX Global liquidity is now available through Kx trading platform
London, 14 February 2018 - LMAX Global, the FCA regulated broker for FX and part of the LMAX Exchange Group, is pleased to announce that its global liquidity has been added to the Kx trading platform, Kx for Flow, one of the leading technology platforms for FX trading. read more
LMAX Exchange Group consolidates ownership to continue growth trajectory
London, 1 February 2018 - LMAX Exchange Group (“LMAX Exchange”), the leading institutional exchange for global FX trading, has completed an equity purchase of Paddy Power Betfair plc’s remaining stake in the business. The 31.35% stake (or 187,811 shares), bought for £21,945,000, brings 95% of the company under the control of the Group’s management. read more
Quentin Miller Joins LMAX Exchange as Head of Institutional FX for Asia Pacific
London, Singapore, 11 January 2018 - LMAX Exchange Group, one of the world’s fastest growing technology companies, has announced the appointment of Quentin Miller to the newly created position of Head of Institutional FX for Asia Pacific, based in Singapore. Quentin will be responsible for growing the LMAX Exchange institutional business in the region and will report to Scott Moffat, the Managing Director for Asia Pacific. read more
LMAX Exchange Group launches LMAX Global, a new fully regulated FCA broker alongside the regulated LMAX Exchange
London, 3 January 2018 - LMAX Exchange Group, one of the UK’s fastest growing technology companies and the leading advocate of enhanced transparency and fairness in FX trading, welcomes MiFID II. To meet the regulatory changes under MiFID II, aimed at improving transparency in financial markets, the company has completed the transition of its MTF and Broker businesses into two distinct FCA regulated entities: LMAX Exchange and LMAX Global, both now part of the LMAX Exchange Group. read more
LMAX Exchange and academic expert unite to advance transparency in FX markets
London, 15 November 2017 - LMAX Exchange, the FCA regulated multilateral trading facility (MTF) for foreign exchange (FX), announces its partnership with a leading academic at the University of Oxford to develop a methodology for consistent evaluation of trading costs across liquidity pools that can be used by the FX industry. read more
LMAX Exchange global liquidity is now available through the Seabury FXone trading platform
London, 9 November 2017 - LMAX Exchange, the leading FCA regulated MTF for FX trading, is pleased to announce that its global liquidity has been added to Seabury’s FXone trading platform. read more
LMAX Exchange responds to GFXC request for feedback on Last Look practices in the FX market
London, 21 September 2017 - Today LMAX Exchange submitted its feedback on Last Look practices to the GFXC Secretariat, as part of the formal consultation process on the wording of Principle 17 of the Global FX Code. read more
LMAX Exchange names Scott Moffat Managing Director for Asia Pacific
London, Singapore, 15 August 2017 - LMAX Exchange, the leading FCA regulated MTF for FX, has announced the appointment of Scott Moffat as Managing Director for Asia Pacific, based in Singapore. Part of the LMAX Exchange founding team and former Chief Operating Officer, Scott Moffat will be instrumental in strengthening the company’s position in the region and building upon the existing presence, including the sales and operational hub in Hong Kong (set up in early 2015) and Tokyo-based exchange (launched in late 2014). read more
Matt DellaRocca joins LMAX Exchange
London, New York, 13 June 2017 - LMAX Exchange, the FCA regulated MTF for FX, has appointed Matt DellaRocca to the newly created position of Liquidity Manager for the Americas. Matt will be responsible for the real-time management, monitoring and analysis of all LMAX Exchange liquidity in the US. Matt joins LMAX Exchange from Bloomberg Tradebook, where he was a Liquidity Manager. read more
LMAX Exchange awarded P&L ‘Best Margin Sector Platform’ for the 5th year running
London, 25 May 2017 - LMAX Exchange, the leading FCA regulated MTF for global FX and one of the UK’s fastest growing technology firms, has been named ‘Best Margin Sector Platform’ for the 5th year running at the 2017 Profit & Loss Readers’ Choice Awards in New York. read more
White paper offers new blueprint for TCA in global FX market
London, 15 May 2017 - LMAX Exchange today publishes research that seeks to transform how the global FX market understands the cost of trading and quality of execution. The paper aims to begin a period of FX industry engagement, debate and agreement to better market structures that benefit all participants. read more
LMAX Exchange announces record high profitability in 2016
London, May 2017 - Today, LMAX Exchange, one of UK’s fastest growing financial technology firms and the leading MTF for FX trading, is pleased to announce record high profitability with reported annual EBITDA of £5.6m in 2016. This marks the company’s strongest financial performance to date and demonstrates its rapidly expanding footprint in the global FX market – particularly remarkable in the face of a difficult period for the spot FX industry, which has seen a volume decline of 19% over the last 3 years. read more
LMAX Exchange takes the lead in supporting Great Britain Wheelchair Rugby
London, 19 April 2017 - LMAX Exchange, the leading FCA regulated MTF for global FX trading and one of the UK’s fastest growing technology firms, has today announced a ground-breaking partnership with GB Wheelchair Rugby (GBWR). The partnership will assist with the funding of GBWR as the team prepares for the 2017 European Championships in Germany and the 2018 World Championships in Australia. read more
Statement of commitment to the FX Global Code
London, 5 April 2017 - As the leading FCA regulated MTF for FX, operating a central limit order book with no ‘last look’, LMAX Exchange is committed to serve as the industry’s best practice for transparency and fairness in FX execution and to lead, by example, the positive reforms aimed at restoring trust and integrity in the FX marketplace. read more
LMAX Exchange wins Best FX Trading Venue (ECN/MTF) for the fifth year running
London, 14 February 2017 - LMAX Exchange, the leading FCA regulated MTF for global FX trading and one of the UK’s fastest growing technology firms has been recognised as the ‘Best FX Trading Venue (ECN/MTF)’ for the fifth year running at the Fund Technology and WSL Awards 2017 in New York. read more
LMAX Exchange announces 2015 growth figures and is on track to deliver significant profitability in 2016
London, October 2016 - Today, LMAX Exchange releases its 2015 results that show the company delivered on its core growth objectives despite a small financial loss. read more
LMAX Exchange expands in the US with the launch of a New York-based exchange
New York & London, 26 September 2016 - LMAX Exchange, the leading MTF for FX, today announced the expansion of its global infrastructure with the launch of its North American matching engine in the Equinix International Business Exchange™ (IBX®) data centre in New York (NY4). read more
LMAX Exchange wins the Clipper 2015-16 Round the World Yacht Race
London, 30 July 2016 - Team LMAX Exchange have been crowned the overall winners of the Clipper 2015-16 Round the World Yacht Race. The amateur crew completed the epic eleven month, 40,000 mile journey around the globe and endured some of the most extreme conditions ever experienced in the event’s 20-year history. read more
LMAX Exchange calls for UK to lead global regulatory change in the $5.3 trillion FX industry
London, 11 July 2016 - LMAX Exchange, the leading Multilateral Trading Facility (MTF) for FX and one of the UK’s fastest growing fintech companies, is calling for UK financial regulators to show worldwide leadership and deliver on the FEMR objectives to improve transparency in the FX market, set out by the Chancellor of the Exchequer and the Governor of the Bank of England in June 2014. read more
LMAX Exchange wins Race 12 – the LegenDerry Finale
London, 7 July 2016 -Team LMAX Exchange has claimed its sixth victory of the Clipper 2015-16 Round the World Yacht Race by winning Race 12, the LegenDerry Finale. read more
LMAX Exchange holds regatta event in New York
New York, 16 June 2016 -Team LMAX Exchange, currently leading the Clipper 2015-16 Round the World Yacht Race, the toughest amateur sailing challenge on the planet, celebrated its arrival into New York this week by holding a day of unique client events. read more
LMAX Exchange wins P&L ‘Best Margin Sector Platform’ for the fourth year running
London, 27 May 2016 - LMAX Exchange, the leading FCA regulated MTF for global FX and one of the UK’s fastest growing technology firms, has been named ‘Best Margin Sector Platform’ for the fourth year running at the 2016 Profit & Loss Readers’ Choice Awards in New York. read more
LMAX Exchange included in The Leap 100 2016: The definitive list of fast-growth companies
London, 20 April, 2016 - Today, LMAX Exchange has been included in The Leap 100 2016 – a list of the 100 most exciting, fast-growth companies in the UK, launched by Mishcon de Reya and City AM. LMAX Exchange was selected on the basis of the growth achieved over the past 12 months and has been identified as one of the ‘ones to watch’ for 2016. read more
LMAX Exchange celebrates Asia success
Qingdao, China, 21 March 2016 - Team LMAX Exchange, currently leading the Clipper 2015-16 Round the World Yacht Race (one of the toughest endurance sailing challenges on the planet), celebrated its arrival into Qingdao, China this week, by holding a unique Asia based Client appreciation day. read more
LMAX Exchange wins best FX ECN/MTF for the fourth year running
London, 25 February 2016 - LMAX Exchange, the leading FCA regulated MTF for global FX and one of the UK’s fastest growing technology firms, has been named ‘Best FX Trading Venue (ECN/MTF)’ for the fourth year running at the 2016 Wall Street Letter (WSL) Institutional Trading Awards in New York. read more
LMAX Exchange awarded ‘Best trading & execution technology’ for the Hedge Fund Industry
London, 23 February 2016 - LMAX Exchange, the leading FCA regulated MTF for global FX trading and one of the UK’s fastest growing technology firms has been recognised as the ‘Best trading and execution technology’ at the HFM US Technology Awards 2016 in New York. read more
LMAX Exchange Team wins race 6 by 42 seconds in round The World Race
London, 11 January 2016 - In the tightest, most thrilling battle yet of the Clipper 2015-16 Round the World Yacht Race, LMAX Exchange claimed an incredibly narrow victory of just 42 seconds over GREAT Britain in the Henri Lloyd Hobart to Whitsundays Race. read more
Team LMAX Exchange wins race four of the Clipper Race to Sydney
London, 14 December 2015 - Team LMAX Exchange has crossed the finish line in Sydney, taking line honours in Race 4: The Elliot Brown Timekeeper Cup of the Clipper Race. read more
Team LMAX Exchange wins third leg of Round the World Race
London, 23 November 2015 - Following their victory in the first leg of the Clipper Round the World Yacht Race, Team LMAX Exchange was the first crew to reach the west coast of Australia, claiming maximum points in the third leg of the biennial event. read more
UK’s fastest growing fintech company shows route forward for $5.3tn FX market
London, 19 October 2015 - LMAX Exchange, the leading Multilateral Trading Facility (MTF) for FX and the UK’s fastest growing fintech company has today launched a report, Restoring trust in the global FX markets. read more
Team LMAX Exchange wins first leg of Round the World Race
London, 28 September 2015 - Team LMAX Exchange is the first to reach Rio de Janeiro to win the opening leg of the biennial Clipper Round the World Yacht Race. read more
UK’s leading Fintech company driving global transformation in FX market
London, 7 September 2015 - LMAX Exchange has been ranked the UK’s sixth fastest growing technology company in the 2015 Sunday Times Tech Track 100 league table, marking the third consecutive year (#1 in 2014 and #15 in 2013) the company has featured in the prestigious list based on annual sales growth over the last three years. read more
Fintech leader to sponsor team in Clipper Round the World Yacht Race
London, 5 August 2015 - The UK’s leading financial technology firm is set to continue its extreme sporting prowess by sponsoring a team in the biennial Clipper Round the World Yacht Race. LMAX Exchange will be making its global ocean-racing debut at the end of the month when the 40,000 nautical mile race begins in London. read more
LMAX Exchange CEO comments on the FEMR report
London, 11 June 2015 - Commenting on the Fair and Effective Markets Review Final Report published yesterday, David Mercer, CEO of LMAX Exchange, said, “As the leading FCA regulated MTF for spot FX operating a ‘no last look’ open order book, we fully welcome the review’s endeavour to bring increased transparency to the FX market. We will fully support and cooperate with the new market standards committee to help drive the effort in increasing fairness and transparency in FX markets globally.” read more
LMAX Exchange wins Best Margin Sector Platform for the third year running
London, 29 May 2015 - LMAX Exchange, the leading FCA regulated MTF for global FX and the UK’s fastest growing technology firm, has been named ‘Best Margin Sector Platform’ for the third year running at the 2015 Profit & Loss Readers’ Choice Awards in New York. read more
LMAX Exchange, the UK’s fastest growing technology company, achieves first full year of profitability following global expansion
London, 20 May 2015 - LMAX Exchange, the UK’s fastest growing technology company and the leading FCA regulated MTF for FX, is pleased to announce its first full year of profitability with reported annual net profits of £0.5 million in 2014. read more
LMAX Exchange widens distribution of its TY3 liquidity by adding access via PrimeXM
London UK, 29 April 2015 - LMAX Exchange, the FCA regulated MTF for global FX and the UK’s fastest growing technology firm, announced that it will widen the distribution of liquidity from its Tokyo-based matching engine via PrimeXM. read more
LMAX Exchange launches Prime of Prime service
London UK, 16 March 2015 - LMAX Exchange, the world leading FCA regulated MTF for global FX and the UK’s fastest growing technology firm, has launched LMAX Prime, a prime of prime service to provide retail brokers, hedge funds and asset managers with credit intermediation and bespoke liquidity arrangements with access to multiple venues. read more
LMAX Exchange joins the Linux Foundation to champion open source
London UK, 12 March 2015 - LMAX Exchange, the world leading FCA regulated MTF for global FX trading and the UK’s fastest growing technology firm, today announced it has become a member of the Linux Foundation, the nonprofit organisation dedicated to accelerating the growth of Linux and collaborative development. read more
LMAX Exchange and Z.com Trade extend liquidity solution to MT4 clients through PrimeXM
London UK, 9 March 2015 - A three party alliance between the world leading FCA regulated MTF for FX, the world’s largest retail FX provider and a leading MT4 bridge solution is opening access to a unique no ‘Last Look’ liquidity pool to a new group of traders. read more
LMAX Exchange wins best FX ECN/MTF for the third year running
London, 5 February 2015 - LMAX Exchange, the leading FCA regulated MTF for global FX and the UK’s fastest growing technology firm, has been named ‘Best FX Trading Venue (ECN/MTF)’ for the third year running at the 2015 Wall Street Letter (WSL) Institutional Trading Awards. read more
LMAX Exchange announces partnership with Z.com Trade
London, 19 January 2015 - The UK’s fastest growing technology firm, LMAX Exchange, an FCA regulated MTF for FX trading, is pleased to announce its partnership with GMO-Z.com Trade UK Limited (“Z.com Trade”), a member of the Japan-headquartered GMO CLICK Holdings Inc. group of companies, which is the world’s largest retail FX provider by volume1. read more
Business as usual at LMAX Exchange following extreme CHF volatility
London, 16 January 2015 - LMAX Exchange, the world leading regulated MTF for FX, today reported business as usual following the extreme market volatility caused by the discontinuation of the CHF peg by the SNB with the only changes being temporary increased margins of 10% on EURCHF and USDCHF and 5% on other CHF crosses. read more
LMAX Exchange launches in Hong Kong
London, 13 January 2015 - LMAX Exchange, the leading FCA regulated MTF for global FX trading and the UK’s fastest growing technology firm, today announced the launch of LMAX Hong Kong Limited, an SFC licensed broker for leveraged foreign exchange trading. read more
Asian clients to gain access to low latency, non ‘last look’ trading on LMAX Exchange
London, 16 December 2014 - The UK’s fastest growing technology firm, LMAX Exchange, today announced the launch of a matching engine in the Equinix IBX Data Centre in Tokyo (TY3). read more
Tech City UK announces new companies joining future fifty programme
London, 11 December 2014 - Tech City UK has today announced that 12 growth stage digital companies will be joining its Future Fifty programme. read more
Tom Gould joins LMAX Exchange as Head of US Sales
London, 24 November 2014 - LMAX Exchange, the FCA regulated MTF for FX, has appointed former Sales Director of e-FX at Bank of America, Tom Gould, to the newly created position of Head of US Sales. Tom will be responsible for driving the institutional growth of LMAX Exchange in the US, the market accounting for over 25% of global FX trading. read more
LMAX Exchange – The UK’s No.1 ranked, fastest growing technology firm in the 2014 Sunday Times Hiscox Tech Track 100
London, September 2014 - LMAX Exchange has been ranked No.1 overall in the Sunday Times Tech Track 100 league table, eclipsing its 2013 ranking of 15th, with a remarkable growth of 307.8% in annual revenues. LMAX Exchange also ranked No.1 within the financial technology sector, for the second year running. read more
Patrick Bartle joins LMAX Exchange as Global Head of FX Strategy
London, June 2014 - LMAX Exchange, the FCA regulated MTF for FX, has appointed former Global Head of FX at ABN Amro, Patrick Bartle, to the newly created position of Global Head of FX Strategy. Patrick will be responsible for driving the global expansion of LMAX Exchange and will be based in North America, where over 25% of all FX trading takes place. read more
LMAX Exchange named “Best Margin Sector Platform”
London, May 2014 - LMAX Exchange has great pleasure in announcing that it has been awarded the “Best Margin Sector Platform” for the second year in a row at the 2014 Profit & Loss Readers’ Choice Awards in New York. read more
Access to the award-winning LMAX Exchange is now available through FP Markets, the leading Australian broker
London, March 2014 - LMAX Exchange, the leading FCA regulated MTF for FX trading, is pleased to announce a partnership with FP Markets, the leading Australian online brokerage. read more
LMAX Exchange supports world record Arctic Rugby Challenge
London, March 2014 - LMAX Exchange, the FCA regulated MTF for FX, is very pleased to support the Arctic Rugby Challenge, a pioneering charity expedition to the Magnetic North Pole. read more
Another big win for LMAX Exchange at the 2014 WSL Institutional Trading Awards
London, February 2014 - LMAX Exchange has been named "Best FX Trading Venue - ECN/MTF" and “Best Infrastructure/Technology Initiative by Exchange/ATS” at this year’s Wall Street Letter (WSL) Institutional Trading Awards. LMAX Exchange has been recognised alongside leading global exchanges and financial services firms, including NASDAQ OMV, ICE NYSE Euronext, BNP Paribas Securities. read more
LMAX Exchange becomes the first regulated MTF to list Ven
London/Davos, January 2014 - LMAX Exchange, the FCA regulated MTF for FX trading, announces it will become the first regulated MTF to list Ven, enabling brokers, institutions and banks to trade the currency. read more
LMAX Exchange adds RUB and CNH
London, January 2014 - LMAX Exchange, the leading FCA regulated MTF for FX trading, has added ruble (RUB) and offshore renminbi (CNH) currency pairs to its existing list of over 70 traded instruments. read more
LMAX Exchange named “Best Overall Testing Project”
London, November 2013 - LMAX Exchange is pleased to announce that it has been awarded “2013 Best Overall Testing Project – Finance Sector” at the European Software Testing Awards. read more
The European Software Testing (TESTA) Awards recognise excellence and innovation in the software testing and quality assurance across a variety of industries. read more
2023 TabbFORUM 40 Top Innovators in Financial Markets
LMAX Group CEO, David Mercer has been named, for the second year running in the TabbFORUM 40 Top Innovators in Financial Markets. The TabbFORUM 40 honors top innovators in capital markets, leaders whose blend of vision, strategy and execution sets them apart in applying technology for maximum advantage. ... read more
What steps are crypto exchanges taking to meet the needs of institutional traders and investors?
e-Forex, 23 May 2023 – e-Forex spoke with Jenna Wright, Managing Director, LMAX Digital, one of the industry’s leading trading venues, to discuss some of the issues that are likely to influence and shape how crypto exchanges continue to evolve to meet the needs of institutional clients.... read more
TabbFORUM 40 Top Innovators in Financial Markets
LMAX Group CEO, David Mercer has been named in the TabbFORUM 40 Top Innovators in Financial Markets, recognised as one of the technology-driven innovators, disruptors and difference-makers having the greatest impact in the sector.... read more
Trading platform LMAX worth $1bn after injection
The Daily Telegraph, 16 July 2021 – CURRENCY trading platform LMAX Group has been valued at $1bn (£720m) after New York-based private equity investor JC Flowers agreed to pay $300m for a 30pc stake. ... read more
Sale puts $1bn price tag on cryptocurrency group
The Times, 16 July 2021 – The New York-based private equity in- vestor JC Flowers has agreed to pay $300 million for a 30 per cent stake in the London-based LMAX Group, acquiring a minority stake from... read more
J.C. Flowers stake in LMAX values currency platform at $1bn
Financial Times, 15 July 2021 – The eye-popping valuations attracted by cryptocurrency companies are seeping into traditional foreign exchange markets, after a minority investment... read more
Trader at heart of crypto frenzy calls for UK to lead currency revolution
The Sunday Telegraph, 6 June 2021 – A little-known firm in West London is now the world’s largest institutional exchange ... read more
The institutional herd is here: Bitcoin volume on CME, LMAX hits new records
Coin Telegraph, 05 January 2021 – The institutional herd has arrived to the Bitcoin market as institutional platforms see record-high volume.... read more
Contextualizing LMAX Digital’s record-breaking year
The Block, 23 November 2020 – Institutional spot exchange LMAX Digital is seeing record volumes as interest soars; LMAX Digital has the second-highest monthly volume of all exchanges ... read more
Weekend Currency Trading Beckons for Those Rapt by Non-Stop News
Bloomberg, 10 June 2020 – The days of having to wait until Monday morning to react to news that broke during the weekend may be numbered for some investors.... read more
Exchange takes cue from crypto investors with weekend FX trading
Financial News, 9 June 2020 - Fintech Files can reveal that the London-based exchange operator, LMAX Group, has launched... read more
Exclusive interview with David Mercer, CEO of LMAX Group
e-Forex, 24 February 2020 – e-Forex talks with David Mercer, CEO of LMAX Group- a firm that has built success upon transparency, precision in execution and its distinctive All Market Access model... read more
LMAX: bitcoin to break $30,000 in 2020
FX Week, 31 December 2019 – In 2020, bitcoin will hit $30,000, volatility will return to drive markets and the practice of last look will become increasingly marginalised, says David Mercer, chief executive officer of LMAX Exchange Group... read more
Venues face challenge to make FX acquisitions pay their way
Euromoney, 20 December 2019 – Leading exchanges have seen little return from their investment in electronic trading venues and face some tough decisions over how to increase revenues. Exchanges have been busy bolting on new acquisitions during the past 18 months.... read more
When did making money in tech become so unfashionable?
City A.M, 10 December 2019 – It is commonly accepted that technology companies have irrevocably changed the world we live in. This is especially true in the finance industry where fintech companies are ... read more
LMAX to launch matching engine in Singapore
FX Week, 25 July 2019 – London-based LMAX Exchange plans to launch a matching engine in Singapore within the next 18 months, making it the latest currency market participant to support the Monetary Authority of Singapore’s (MAS) aim to expand trading on the island... read more
LMAX Exchange: Master of Its Own Destiny
Profit & Loss, 1 March 2019 – “2018 was a transitional year for foreign exchange,” reflects David Mercer, CEO of LMAX Exchange Group. The first thing he points to in order to back up this claim is the impact of new regulations, which changed the way that LMAX Exchange did business in a number of areas... read more
‘We all better listen up’: The CEO of an FX trading firm says Wall Street needs to pay attention to the breakneck growth of crypto exchanges
Business Insider UK, 10 March 2018 – Cryptocurrency-exchanges are growing fast thanks to the booming market for digital coins. That has David Mercer, the CEO of LMAX Exchange, a foreign exchange trading firm, warning Wall Street that crypto-exchanges might soon come after their respective businesses... read more
Investment Association unhappy with controversial FX practice
Financial News, 22 February 2018 – Investment Association is concerned about the impact of so-called ‘last look’ and thinks it should be banned in some instances... read more
Transparency means clarity, conciseness and common metrics
Financial Times, 14 November 2017 – Norges Bank Investment Management is right to challenge the foreign exchange industry to bring more transparency to the market... read more
Last look consultation closes, outcome uncertain
FX Week, 21 September 2017 – The Global Foreign Exchange Committee (GFXC) has ... read more
FX’s controversial ‘last look’ goes under the microscope
Financial News, 7 June 2017 – The first task of a new industry body is to examine instances... read more
Platforms voice support for Code, but shy away from policing clients
FX Week, 2 June 2017 – While venues overwhelmingly say they will adhere... read more
Human FX Traders Are Becoming a Rare Breed — Except in Asia
Bloomberg, 1 June 2017 – While venues overwhelmingly say they will adhere... read more
Vanguard Says Currency Markets Fall Short in Curbing ‘Last Look’
Bloomberg, 25 May 2017 – Andy Maack’s vision of a fair currency market doesn’t include... read more
Currency Traders Race to Reform ‘Last Look’ After Bank Scandals
Bloomberg, 17 May 2017 – Currency traders may not be fast enough, at least when it comes to... read more
Last look times should reflect faster data, say panellists
FX week, 28 April 2017 – Risk warehousing timeframes have shrunk; market-makers no longer... read more
LMAX chief wants ‘Jurassic’ perks extinct in FX
Financial News, 21 April 2017 – The Belfast boy tackling prevailing forex market structure talks... read more
XTX puts pressure on ‘last look’ in spot FX
Euromoney, 8 February 2017 – FX market-maker XTX Markets is placing its bets on trade... read more
LMAX Exchange bucks trend with PoP launch
FX Week, March 2015 - Foreign exchange trading platform LMAX Exchange has launched a prime-of-prime (PoP) service, aimed at providing retail brokers, hedge funds and asset managers with credit, liquidity and market access. ... read more
Currency exchange group named Britain’s fastest-growing tech firm
City AM, September 2014 - LMAX Exchange, the provider of an exchange-based currency trading platform, has been named Britain’s fastest-growing private technology company by Fast Track, after its annual sales rose 307.8 per cent over the past three years to £18.37m last year... read more
LMAX Exchange chief executive predicts FX volumes will double by 2020
FX Week, January 2014 - Global foreign exchange volumes could double by 2020 due to growth in emerging markets (EM) currencies in Asia and Russia, according to David Mercer, chief executive of trading platform LMAX Exchange, which has added ruble and offshore renminbi (CNH) to its list of traded currencies to benefit from the surge in volumes... read more
LMAX Exchange: An FX exchange for a new era
Euromoney, 9 November 2012 - Finding an edge in the crowded space of multi-dealer FX platforms is a difficult proposition these days. So far in 2012, a dozen new platforms have entered the market looking to cater to institutional clients. Not all of those will stand the test of time... read more