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.
Further 2014 highlights and year-on-year change:
- Annual trading volumes reached $1.9 trillion, up 73%
- 2,400 active clients, up 60%
- Gross revenues of £26.2 million, up 45%
- Gross profits of £16.5 million, up 80%
Business activity was stronger than ever for LMAX Exchange, despite the all-time low volatility in the FX market for the first nine months of 2014.
The company’s exceptional growth has been widely recognised: LMAX Exchange is ranked the UK’s No.1 Fastest Growing Technology Company in the Sunday Times Tech Track 100 league table and it was selected to join the Future Fifty programme, the exclusive group of 50 leading technology businesses that forms part of the UK Government’s Tech City initiative.
These strong results follow a year of significant investment by the company in growing its sales and operational coverage globally. In 2014, LMAX Exchange has opened offices in the US and Singapore, launched an operations hub in Hong Kong and set up a Tokyo-based matching engine, to provide clients in Asia Pacific with ultra-low latency execution.
In an FX market, increasingly under pressure from global regulators demanding greater transparency, LMAX Exchange remains the first and only venue to offer an exchange style trading model for spot FX, with an open limit order book and streaming firm liquidity as standard.
By leading the industry transformation to transparent, consistent and precise execution, LMAX Exchange is becoming the emerging benchmark for global FX.
Commenting on the year’s activity, David Mercer, CEO of LMAX Exchange said: “We have had a hugely successful year, and achieved strong KPI growth in the face of challenging market conditions, cementing our position as a developing force in global FX trading and on the flourishing UK fintech scene.
“Through our global expansion, at a time when FX trading is under increased scrutiny, we will continue to exert a positive disruptive force on the industry, transforming the opaque FX market place to a completely transparent and level playing field for all market participants globally.
“Our ambition, of course, does not end there and our core focus remains on further expanding our global presence, whilst diversifying our product range to become a leader in global FX.”
Download as a PDF – 
Media Contacts
For further information please contact:
LMAX Exchange (London):
Barbara Pozdorovkina T: +44 20 3192 2510 E: [email protected]
About LMAX Exchange
LMAX Exchange Group is a dynamic, visionary and award-winning financial technology company. Recognised as one of the UK’s fastest growing technology firms, LMAX Exchange is leading the transformation of the global FX industry to transparent, fair, precise and consistent execution. Operating one global marketplace for trading FX, metals, indices and commodities, LMAX Exchange delivers open access, transparency and a level playing field to all market participants.
LMAX Exchange Group offers all clients the ability to trade on LMAX Exchange central limit order book, driven by streaming no ‘last look’ limit-order liquidity from top tier banks and non-bank financial institutions. Servicing funds, banks, brokerages, asset managers and proprietary trading firms, LMAX Exchange offers an anonymous, regulated, rules-based trading environment, order execution in strict price/time priority, and access to real-time streaming market and trade data, enabling all market participants to control execution quality and total trading costs.
Offering a comprehensive range of instruments and ultra-low latency execution, LMAX Exchange operates a global FX exchange infrastructure with matching engines in London, New York and Tokyo.
LMAX Exchange - a unique vision for global FX.
2022 - 2021
40 Top Innovators in Financial Markets – TabbFORUMmore
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. Best Exchange (Innovation) – Hedgeweek European Digital Assets Awardsmore
-hedgweek.png)
LMAX Digital has been awarded the Hedgeweek European Digital Assets Awards “Best Exchange (Innovation)”. The awards are granted to the top firms in their categories and announced at their annual awards ceremony.Best Crypto Trading Platform – Financial News Awardsmore
LMAX Digital has been awarded the 2022 Financial News Awards “Best Crypto Trading Platform”. The awards are presented to the best-performing providers in their category.Best Execution Venue – Global Forex Awards B2B more
LMAX Group has been awarded the 2022 Global Forex Awards B2B “Best Execution Venue”. The awards are presented to the best-performing providers in their category as voted on by business customers, traders and investors globally.Best Execution Venue – Finance Magnates Awardsmore
LMAX Global has been awarded the Finance Magnates Award “Best Execution Venue” for 2021. The awards are granted to the top firms in their categories and announced at the annual London summit.2020 - 2019
Best Cryptocurrency Exchange – Finance Magnates Awardsmore
LMAX Digital has been awarded the Finance Magnates Awards “Best Cryptocurrency Exchange”. The awards are granted to the top firms in their categories and announced at the annual London summit.Best Institutional Digital Asset Platform – Profit & Loss Readers' Choice Awardsmore
LMAX Digital has been awarded The Profit & Loss Readers' Choice Awards “Institutional Digital Asset Platform”. These awards are voted on by the readers and recognise excellence within the foreign exchange industry throughout the previous year. Crossover Award for Best Crypto/Fiat Initiative – Profit & Loss Readers' Choice Awardsmore
LMAX Group has been awarded The Profit & Loss Readers' Choice Awards “Crossover Award for Best Crypto/Fiat Initiative”. These awards are voted on by the readers and recognise excellence within the foreign exchange industry throughout the previous year. Best Anonymous Matching Platform – Profit & Loss Reader' Choice Awardsmore
LMAX Group has been awarded The Profit & Loss Readers' Choice Awards “Best Anonymous Matching Platform”. These awards are voted on by the readers and recognise excellence within the foreign exchange industry throughout the previous year.Best Execution Venue – Finance Magnates Awardsmore
LMAX Group 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.2018 - 2017
Best Crypto Solution Provider – Finance Magnates Awardsmore
LMAX Exchange has been awarded the Finance Magnates Awards “Best Institutional Crypto Solution Provider”. The awards are granted to the top firms in their categories and announced at the annual London summit.Best Margin Sector Platform – Profit & Loss Readers' Choice Awardsmore
LMAX Group has been awarded The Profit & Loss Readers' Choice Awards “Best Margin Sector Platform” for five consecutive years. These awards are voted on by the readers and recognise excellence within the foreign exchange industry throughout the previous year.2016 - 2015
Best Trading & Execution Technology – HFM US Technology Awardsmore
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. Best FX Trading Venue (ECN/MTF) – WSL Awardsmore
LMAX Group has been awarded The Fund Technology and WSL Awards “Best FX Trading Venue ECN/MTF”. The award honours excellence among providers to the institutional trading industry. Deloitte UK Technology Fast 50 – Deloitte 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.Deloitte EMEA Technology Fast 500 – Deloittemore
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.Fastest Growing Tech Company in the UK – The Sunday Times Tech Track 100more
LMAX Group 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.Recognised as a Tech City Future Fifty company – Tech City UK Future Fiftymore
LMAX Group is part of the Future Fifty programme, focused on accelerating the success of high-growth tech businesses.2014 - 2013
Best Infrastructure/Technology Initiative – WSL Institutional Trading Awardsmore
LMAX Group 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.Best Overall Testing Project – The European Software Testing Awardsmore
The European Software Testing Awards (TESTA) recognise excellence and innovation in the software testing and quality assurance across a variety of industries.2012 - 2011
Best Trading System – Financial Sector Technology Awardsmore
The FST Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector.Innovative Programming Framework – Oracle Duke's Choice Awardsmore
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.LMAX Exchange Group is the holding company of LMAX Limited and LMAX Broker Limited.
LMAX Exchange is a trading name of LMAX Limited, which operates a multilateral trading facility, authorised and regulated by the Financial Conduct Authority (firm reference number 509778) and is a company registered in England and Wales (number 6505809).
LMAX Global is a trading name of LMAX Broker Limited which is authorised and regulated by the Financial Conduct Authority (firm reference number 783200) and is a company registered in England and Wales (number 10819525).