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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.

The solution will benefit regional banks and mid-size financial institutions, who typically have limited bilateral credit relationships with larger global banks active in the institutional FX markets, by facilitating expedited access to LMAX Exchange’s central limit order book liquidity and transparent, precise execution. Leading global banks BNP Paribas and J.P. Morgan are working with LMAX Exchange as credit intermediaries to facilitate spot FX transactions with institutional counterparties in line with individual client requirements.

Roland White, Global Head of Institutional Sales, said: “Adding credit intermediation is another significant milestone in LMAX Exchange’s expanding institutional market offering. We are delighted to be helping regional banks and mid-size financial institutions accelerate access to LMAX Exchange’s unique firm liquidity model and fair, transparent execution. We look forward to growing our global institutional client base across our major regional hubs in Europe, North America and Asia Pacific”.

“We believe that access to firm liquidity is crucial to institutional traders’ ability to control their trading strategies and costs as well as benchmark and assess execution. Benefits of firm liquidity include transparent price discovery, zero hold time, price improvement as standard and lack of pre-trade information leakage that minimizes market impact”.

Nathaniel Litwak, Global Head of FXPB at BNP Paribas, said: “As a major participant in the global FX markets, we are delighted to be working with LMAX Exchange to expand inclusivity in financial markets, which will help to improve market liquidity for our clients and broaden institutional participation in the spot FX market”.

Mike Fox, Head of EMEA FXPB, J.P. Morgan, said: “We are pleased to be partnering with LMAX Exchange to enhance accessibility to their central limit order book for additional market participants”.


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Media Contacts

For further information, please contact:

Barbara Pozdorovkina:
T: +44 (0)20 3192 2510 E: [email protected]

FTI Consulting:
E: [email protected]

About the LMAX Exchange Group

LMAX Exchange Group (LMAX Exchange) is a leading player in global capital markets that operates multiple institutional execution venues for FX and crypto currency trading.

Leading the transformation of the global FX marketplace to transparent, fair, precise and consistent execution, LMAX Exchange has been widely recognised for industry innovation and award-winning proprietary technology. The Group’s portfolio includes LMAX Exchange (FCA regulated MTF), LMAX Global (FCA regulated Broker) and LMAX Digital, the institutional crypto currency exchange.

Servicing funds, banks, brokerages, asset managers and proprietary trading firms, the company offers an anonymous, regulated and rules-based trading environment with strict price and time priority order execution at ultra-low latency. Clients benefit from access to real-time streaming market and trade data, which enables the control of execution quality and total trading costs.

LMAX Exchange operates a global exchange infrastructure with matching engines in London, New York and Tokyo. The company’s institutional client base spans over 100 countries

LMAX Exchange Group www.lmax.com

FX industry excellence:

Winner: Best Anonymous Matching Platform – Profit & Loss Readers' Choice Awards | 2020 more

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. close

Winner: Best Execution Venue – Finance Magnates Awards | 2019 - 2013 more

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. close

Winner: Best FX Trading Venue (ECN/MTF) – WSL Awards | 2017 - 2013 more

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. close

Winner: Best Margin Sector Platform – Profit & Loss Readers' Choice Awards | 2017 - 2013 more

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. close

Winner: Best Infrastructure/Technology Initiative – WSL Institutional Trading Awards | 2014more

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. close

Crypto industry excellence:

Winner: Best Cryptocurrency Exchange – Finance Magnates Awards | 2020 more

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. close

Winner: Best Institutional Digital Asset Platform – Profit & Loss Readers' Choice Awards | 2020 more

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. close

Winner: Best Crypto solution provider – Finance Magnates Awards | 2018 more

LMAX Digital 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. close

Financial technology awards:

Winner: Best Trading & Execution Technology – HFM US Technology Awards | 2016 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

Winner: Best Overall Testing Project – The European Software Testing Awards | 2013 more

The European Software Testing Awards (TESTA) recognise excellence and innovation in the software testing and quality assurance across a variety of industries. close

Winner: Best Trading System – Financial Sector Technology Awards | 2011 more

The FST Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector.close

Winner: Innovative Programming Framework - Oracle Duke's Choice Awards | 2011 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

Business growth awards:

Winner: Deloitte UK Technology Fast 50 | 2016 - 2015 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

Winner: Deloitte EMEA Technology Fast 500 | 2016 - 2015 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

Winner: Fastest Growing Tech Company in the UK – The Sunday Times Tech Track 100 | 2015 - 2013 more

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. close

Recognised as a Tech City Future Fifty company – Tech City UK Future Fifty | 2015more

LMAX Group is part of the Future Fifty programme, focused on accelerating the success of high-growth tech businesses. close

LMAX Exchange Group is a holding company of LMAX Limited, LMAX Broker Limited and LMAX Digital Exchange 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 registration 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).

LMAX Digital is a trading name of LMAX Digital Exchange Limited, a company registered with the Jersey Financial Services Commission (number 125987).

The registered address for LMAX Exchange Group is Yellow Building, 1A Nicholas Road, London, W11 4AN.