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).
LMAX Digital was launched in May 2018, becoming the first crypto currency exchange established by a regulated FX exchange operator and the only deliverable crypto currency exchange dedicated to institutional clients. Based on LMAX Exchange’s proven, proprietary technology, LMAX Digital was built in response to overwhelming demand from existing clients who wanted a credible, efficient and trusted platform with high quality deep liquidity, on which to trade digital currencies with like-minded institutions.
The final decision received from the GFSC confirms that LMAX Digital is compliant with the nine regulatory principles set out in Gibraltar’s DLT regulations, designed to protect consumers and businesses using digital assets stored or transmitted on distributed ledgers. These regulatory principles include robust risk management processes, effective corporate governance, high standards of customer care, systems and security controls to combat financial and cybercrime, and adopting standards of honesty and integrity.
David Mercer, CEO of LMAX Exchange Group, said: “We’re pleased to announce that LMAX Digital has been granted a DLT license by the GFSC. LMAX Digital was created to fill the gap in the crypto market by providing institutions with a trading platform they can trust, with deep liquidity, security of funds, and high performance, proven technology.
“LMAX Exchange Group has always supported regulatory oversight and we always work proactively with regulators to help foster a transparent and trusted marketplace for all market participants. We are pleased that our efforts to create a more transparent and secure marketplace have been recognised by the GFSC.”
Jenna Wright, Head of LMAX Digital, commented: “The Gibraltar regulator has acknowledged our role in further diversifying institutional currency markets and we look forward to working alongside them and other regulators to help improve understanding of the crypto currency market.”
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Notes to Editors
About LMAX Digital:
LMAX Digital is the institutional crypto currency exchange, run by the LMAX Exchange Group, which also operates several leading FCA regulated trading venues for FX, metals and indices. Based on proven, proprietary technology from LMAX Exchange, LMAX Digital allows global institutions to acquire, trade and hold the most liquid digital assets, Bitcoin, Ethereum, Litecoin, Bitcoin Cash and XRP, safely and securely. LMAX Digital delivers complete transparency, open access and a level playing field for all crypto currency market participants, within a secure and trusted trading environment.
Key differentiators of LMAX Digital include:
- Trusted, secure trading environment based on LMAX Exchange proven technology
- One public rulebook for all members
- Central limit order book (CLOB) with streaming, firm institutional liquidity
- Safe and secure hot/cold/vault multi-signature wallets
- Full custodian solution
Key execution facts:
- Matching latency under 180μs
- High throughput >100,000 messages/second
- Superior exchange performance: uptime 100%
- All orders time-stamped in microseconds (receipt to execution)
LMAX Digital: www.lmaxdigital.com
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
LMAX Exchange Group – Awards:
2024
Best Execution Venue – Finance Magnates Awardsmore
LMAX Group has been awarded Best Execution Venue for the fourth consecutive year by Finance Magnates at its annual London Summit Awards ceremony. The awards highlight leading participants in the industry as voted for by peers.Best Cryptocurrency Exchange – Finance Magnates Awardsmore
LMAX Digital has been awarded Best Cryptocurrency Exchange for 2024 by Finance Magnates at its annual London Summit Awards ceremony. The awards highlight leading participants within the crypto space as voted for by industry peers.The World’s Best Trading Firm for FX Liquidity – Euromoney Foreign Exchange Awardsmore
LMAX Exchange has been awarded The World’s Best Trading Firm for FX Liquidity at the Euromoney Foreign Exchange Awards 2024. Judged by a panel of global experts, the awards celebrate excellence and innovation in the global FX market. Application Performance – Speeds & Feeds – Azul Java Hero Awardmore
LMAX Group has been selected as the winner of the 2024 Azul Java Hero Award: Excellence in Application Performance – Speeds & Feeds. The awards recognise individuals and organisations that demand more, expect more, and get more from Java. Exchange of the Year – Hedgeweek Global Digital Assets Awardsmore
LMAX Digital has been awarded Exchange of the Year at the Hedgeweek Global Digital Assets Awards 2024. The awards recognise excellence in the fields of fund performance and service provision in the digital assets space. Voted on by participants in the financial services industry. 2023
40 Top Innovators in Financial Markets – TabbFORUMmore
LMAX Group CEO, David Mercer has been named, for the second year running in the TabbFORUM 40 Top Innovators in Financial Markets. This second annual list recognises the achievements and influence of 40 outstanding disruptors and difference-makers having the greatest impact at the intersection of finance and technology. Best Execution Venue – Finance Magnates Awardsmore
LMAX Group has been awarded Best Execution Venue for 2023 by Finance Magnates at its London Summit Awards ceremony. The awards spotlight and garner attention for leading participants that have excelled across key segments, and are voted by industry peers.Best Cryptocurrency Exchange – Finance Magnates Awardsmore
LMAX Digital has been awarded Best Cryptocurrency Exchange for 2023 by Finance Magnates at its London Summit Awards ceremony. The awards spotlight and garner attention for leading participants that have excelled across key segments, and are voted by industry peers.Best Crypto Trading Platform – Financial News Awardsmore
For the second year running, LMAX Digital has been awarded “Best Crypto Trading Platform” by leading industry publication, Financial News in its Excellence in Trading & Tech Awards. The awards are voted on by a panel of independent judges and senior editorial staff, and celebrate the companies and individuals that stand out for the strength of their businesses in Continental Europe and the UK.Best Exchange – Hedgeweek European Digital Assets Awardsmore
LMAX Digital has been awarded Best Exchange at the Hedgeweek European Digital Assets Awards. The awards provide a unique insight into the most highly-regarded and successful fund managers and service providers in the digital assets space. The awards are voted on by participants in the financial services industry.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
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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 – Finance Magnates Awardsmore
LMAX Group has been awarded the Finance Magnates Award “Best Execution Venue” for 2022. The awards are presented to the best-performing firms in their categories and announced at the annual summit in London.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
The FST Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector.
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.