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.
Crossing the finish line at Airlie Beach’s Pioneer Bay at 11:37 (GMT) on Saturday 9th January, LMAX Exchange Skipper Olivier Cardin summed up the intensity of the race as he stepped ashore: “It was more than hard. Since the beginning, we had the battle with GREAT Britain for the Scoring Gate, then fighting against the current and dealing with heavy weather. Then we sailed into a wind hole and all the fleet were catching up and we were with GREAT Britain and Garmin. Then it has been just us and GREAT Britain in the last two and half days. The finish was just crazy.
“In fact, as we approached the finish we had a one nautical mile lead, it looked quite easy because we were going at the same speed, but then as we passed the first island and night fall came, there were wind holes everywhere. It was really, really difficult. They won back some distance and nearly overtook us. We managed to keep the lead but it was difficult.”
David Mercer, CEO of LMAX Exchange commented: “Many congratulations to the team on another fabulous race. It was wonderful to see some proper match racing in the final days with GREAT Britain – Olivier and the crew must be exhausted but exhilarated by the experience. Hopefully, after a few hectic weeks they can now enjoy some relaxation in Whitsundays prior to the start of the next leg to Da Nang.
“Having been a small part of the Sydney to Hobart race I now truly understand what the crew goes through on each leg and they have my total admiration. I am very envious but even more proud of what they have achieved.”
David Mercer joined the LMAX Exchange team for the iconic Rolex Sydney Hobart Race of Leg 4, marking the end of an adventurous 2015 for the CEO after he trekked to the North Pole earlier in the year to set a Guinness World Record for the northernmost game of rugby ever played and raise funds for children’s charity, Wooden Spoon.
The Clipper 2015-16 Round the World Yacht Race started 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 recognised as one of the hardest endurance challenges in the world.
Notes to Editors
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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.
Financial technology awards:
2017 Best FX Trading Venue - (ECN/MTF) – Fund Technology and WSL Awards more
2016 Best Trading & Execution Technology – HFM US Technology Awards more
2013 Best Overall Testing Project – The European Software Testing Awards more
2011 Best Trading System – Financial Sector Technology Awards more
FX industry awards:
2018, 2017, 2013 Best Execution Venue – Forex Magnates Awards more
2017, 2016, 2015, 2014, 2013 Best FX Trading Venue - (ECN/MTF) – WSL Awards more
2017, 2016, 2015, 2014, 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more
2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awardsmore
Business growth awards:
2016, 2015 Winner – Deloitte UK Technology Fast 50 more
2016, 2015 Winner – Deloitte EMEA Technology Fast 500 more
2015, 2014, 2013 Fastest Growing Tech Company in the UK – The Sunday Times Tech Track 100 more
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).