LMAX Group completes acquisition of Cürex’s FX business
London, New York, 30 October 2023 – LMAX Group (or “the Company”), the leading independent operator of institutional execution venues for FX and digital assets trading, today announces that it has successfully completed the acquisition of the FX business of Cürex, a New York City‐based institutional foreign exchange execution services and data analytics company. The combination of LMAX Group and Cürex brings together the distribution scale and technical capabilities of both businesses to create a stronger, more diversified, firm liquidity, institutional FX offering for clients to include execution venues, precise market data and trade analytics.
The acquisition is part of LMAX Group’s international growth strategy, consolidating its industry position to build the leading institutional FX exchange. The company is uniquely positioned in both FX and digital assets with strong long-term growth potential.
David Mercer, CEO, LMAX Group, said: “We are pleased to complete this acquisition, which represents a new chapter for Cürex, and we welcome the team and its valued clients to LMAX Group. We remain focused on broadening market access for our clients by continuing to drive efficiencies and invest in our distribution capabilities, product diversification and trading functionality. By consolidating our industry position together with Cürex we continue to build the leading, global institutional FX exchange and create a stronger, firm FX liquidity offering for our clients.”
LMAX Group press office: T: +44 (0)20 3192 2510 E: [email protected]