London, September 2014 - LMAX Exchange has been ranked No.1 overall in the Sunday Times Tech Track 100 league table, eclipsing its 2013 ranking of 15th, with a remarkable growth of 307.8% in annual revenues. LMAX Exchange also ranked No.1 within the financial technology sector, for the second year running.
“Our performance in the 2014 TECH TRACK 100 rankings clearly demonstrates how LMAX Exchange is proving to be THE disruptive innovator in global currency trading” says CEO David Mercer
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.
Commenting on the No.1 ranking, David Mercer, CEO of LMAX Exchange, said: “To come top of the Tech Track 100 table is tremendous, unbiased confirmation of the outstanding progress LMAX Exchange has made over the past year in delivering a world class FX exchange. This progress has only been possible through the unparalleled quality of our technology combined with the unrivalled expertise of our team.
LMAX Exchange is the disruptive innovator in foreign exchange trading, and through exchange style execution brings complete transparency and a level playing field to the traditionally opaque OTC traded asset class.”
He concluded: “LMAX Exchange technology could be the type of solution regulators seek to bring more transparency to financial markets. It is unique, robust and scalable and currently has the sustained capacity to process 40,000 orders/second, with trades taking less than four milliseconds to execute.
Our on-going focus on technology innovation uniquely positions us to continue on this growth path, and will make LMAX Exchange a premier global venue for clients looking to lower FX trading costs through accurate price discovery, certainty of execution and the transparency that they demand and we deliver.”
Congratulating LMAX Exchange, Hamish Stevenson, the Founder and CEO of Fast Track, said: “LMAX Exchange is an outstanding example of UK tech innovation and global leadership. I wish them continued success.”
Learn more TechTrack 100 League Table.
For further information please contact:
LMAX Exchange (London):
Barbara Pozdorovkina T: +44 20 3192 2510 E: email@example.com
About LMAX Exchange
Recognised as one of the UK’s fastest growing technology firms for three consecutive years (2015, 2014 and 2013 Sunday Times, Tech Track 100), LMAX Exchange is the leading MTF for FX, authorised and regulated by the FCA. 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 order liquidity. 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.
LMAX Exchange – the emerging benchmark for global FX.
Business growth awards:
2016, 2015 Winner – Deloitte UK Technology Fast 50 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
2015, 2014, 2013 Fastest Growing Tech Company in the UK – The Sunday Times Tech Track 100 more
LMAX Exchange 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
2016, 2015 Winner – Deloitte EMEA Technology Fast 500 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
FX industry awards:
2016, 2015, 2014, 2013 Best FX Trading Venue - ECN/MTF – WSL Institutional Trading Awards more
LMAX Exchange has been awarded The Wall Street Letter Institutional Trading Awards “Best FX Trading Venue - ECN/MTF” for four consecutive years. WSL awards honour excellence among providers to the institutional trading industry. close
2016, 2015, 2014, 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more
LMAX Exchange has been awarded The Profit & Loss Readers’ Choice Awards “Best Margin Sector Platform” for three consecutive years. These awards are voted on by the readers and recognise excellence within the foreign exchange industry throughout the previous year. close
2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awards more
LMAX Exchange 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
Financial technology awards:
2016 Best Trading & Execution – HFM US Technology Awards 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
2013 Best Overall Testing Project – The European Software Testing Awards more
2011 Best Trading System – Financial Sector Technology Awards more
The FST Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector. close
LMAX Limited operates a multilateral trading facility (MTF). Authorised and regulated by the Financial Conduct Authority, FCA Registered no. 509778.