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.
The race, recognised as one of the hardest endurance challenges in the world, reflects the LMAX Exchange company values of ambition, teamwork and innovation. Earlier this year, David Mercer, the CEO of LMAX Exchange, trekked through the arctic to participate in a Guinness World Record-breaking rugby game at the North Pole.
David Mercer, CEO of LMAX Exchange, comments, “Overcoming challenges is at the heart of our business. It takes courage to disrupt the world’s largest financial sector and the competition, ambition and camaraderie required by the Clipper Race will also be a huge motivation for our own team.”
With a growing international client base operating in 90 countries, LMAX Exchange is helping lead the way for UK tech companies taking their services overseas.
“We are focused on expanding our global reach even further and believe our unique vision for global FX trading is set to lead industry change not only in the UK but globally. This race is symbolic for us, a physical manifestation of our global growth.”
David Mercer will be joining the LMAX Exchange team for part of the race, which will be led by French skipper Olivier Cardin, 45. As the first Frenchman to captain one of the boats around the world, Cardin is known for his enthusiasm and drive.
“I have never been one to do things in half measures, LMAX Exchange is an ambitious company and will match my own vision for the race. David is no stranger to tests like this and I am looking forward to having him join us on the race.”
LMAX Exchange will be one of twelve teams participating in the tenth edition of the event, which trains amateur crew to race across the world’s most challenging oceans under the leadership of a professional skipper.William Ward, Chief Executive of race organisers Clipper Ventures, said: “We are very pleased to welcome LMAX Exchange as a first-time Clipper Race sponsor. Their business is built on teamwork and world-class excellence, values that are central to the race.” LMAX Exchange counts many global banks, hedge funds and brokers as its clients with the Clipper 2015-16 Race providing an opportunity to take the brand around the world and reinforce its position in global capital markets. The firm will host a number of events in major financial centres including London, Sydney and New York, where clients will be invited to the race village. The Clipper 2015-16 Race starts on 30 August 2015 at St Katharine Docks, London and will return eleven months later on 30 July 2016. The event’s global race track visits 14 markets on six continents and is used extensively by sponsors to showcase their products and services to an international audience against the stimulating backdrop that the race provides.
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About LMAX Exchange
UK’s fastest growing technology firm (2014 Sunday Times Tech Track 100), LMAX Exchange is the leading MTF, authorised and regulated by the FCA, for global FX trading. Servicing retail brokers, funds, corporates, asset managers and banks, LMAX Exchange delivers a unique vision for global FX trading - a transparent, neutral, level playing field for all market participants, regardless of status, size or activity levels.
The LMAX Exchange OPEN order book is driven by streaming, no ‘last look’ limit orders supplied by General Member liquidity providers. LMAX Exchange offers a range of key products, including spot FX, precious metals, commodities and equity indices, with complete pre and post-trade transparency and order execution where no ‘last look’ is standard. Orders are executed in strict price/time priority at an average speed of less than 4ms.
LMAX Exchange - FX execution with optimal precision.
FX Industry awards
#1 Fastest Growing Tech Company in the UK – Sunday Times Tech Track 100
- 2015 Best Margin Sector Platform – Profit & Loss Readers’ Choice Awards
- 2015 Best FX Trading Venue – ECN/MTF – WSL Institutional Trading Awards
- 2014 Best Margin Sector Platform – Profit & Loss Readers’ Choice Awards
- 2014 Best FX Trading Venue – ECN/MTF – WSL Institutional Trading Awards
- 2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awards
- 2013 #15 Fastest Growing Tech Company in the UK – Sunday Times Tech Track 100
- 2013 Best Overall Testing Project – The European Software Testing Awards
- 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards
- 2013 Best FX Trading Venue – ECN/MTF – WSL Institutional Trading Awards
- 2013 Best Execution Venue – Forex Magnates Awards
- 2011 Best Trading System – Financial Sector Technology Awards
- 2011 Innovative Programming Framework – Oracle Duke's Choice Awards
LMAX Limited operates a multilateral trading facility (MTF). Authorised and regulated by the Financial Conduct Authority, FCA Registered no. 509778.
About Clipper Round the World Yacht Race
The Clipper Round the World Yacht Race is the world’s longest ocean adventure and is also regarded as one of the toughest endurance challenges on the planet. At 40,000 nautical miles long and taking almost a year to complete, it consists of twelve teams competing against each other on the world’s largest matched fleet of 70-foot ocean racing yachts.
The Clipper Race was established in 1996 by Sir Robin Knox-Johnston, the first person to sail solo non-stop around the world in 1968-69. His aim was to allow anyone, regardless of previous sailing experience, the chance to embrace the thrill of ocean racing; it is the only event of its kind for amateur sailors. Around 40 per cent of crew are novices and have never sailed before starting a comprehensive training programme ahead of their adventure.