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LMAX Digital to start publishing daily trading spot volumes

London, 26 November 2019 LMAX Digital, the leading institutional spot crypto currency exchange and part of the LMAX Exchange Group, announced that it started publishing its daily trading spot volumes on the exchange’s website, www.lmaxdigital.com.

Given the prominent role of LMAX Digital in shaping and developing the market structure for institutional crypto currency trading and its sizeable market share, the company’s move to start publishing its volumes adds greater transparency around real spot volumes traded daily in the industry.

Jenna Wright, Head of LMAX Digital, commented: “We believe that placing LMAX Digital trading volumes in the public domain will enhance the quality of market information available to investors around the world and provide a credible overview of the spot digital currency market.

“The decision to start publishing daily volumes forms part of our wider market and trade data strategy. LMAX Digital is already providing real-time market data to some of the industry’s leading reference rate indices and is working with further major institutional analytics providers to integrate our real time volume data feed into these platforms.”

David Mercer, CEO of LMAX Exchange Group, said: “Providing the investment community with access to our trading volume data, in addition to real-time market data, is an important milestone for the industry, and LMAX Digital is proud to lead the way in creating more transparency and enabling a clear picture of the true size of the spot crypto currency market.

“Being able to access real time spot trading volumes, based on deep institutional liquidity from a regulated spot cryptocurrency exchange, will further enhance the quality and accuracy of market information and price discovery.”

Mercer continued: “We firmly believe that the real market growth in the industry will come from adding more transparency. Deep, transparent market data, including trade data, enables better price discovery for the institutional market, which in turn develops better liquidity. Institutional investors will represent the lion’s share of the future growth of the industry, we hope this move will go some way to encouraging further growth in traded digital assets.”

LMAX Digital was launched in response to institutional client demand which required a robust, efficient and trusted platform on which to trade digital currencies. Today it serves over 200 institutional clients globally, averaging $250m in daily spot volumes over the last few quarters. LMAX Digital has completed 15 million trades since its launch in May 2018, with over $50 billion in trading volumes.

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For further information, please contact:

LMAX Exchange press office: +44 (0)20 3192 2510 or [email protected] FTI Consulting: [email protected] <!–

Notes to Editors About LMAX Global:

LMAX Global, part of the LMAX Exchange Group, offers brokers and professional traders the ability to trade on the LMAX Exchange central limit order book, offering tighter spreads on streaming firm liquidity from top tier banks and proprietary trading firms.

About the LMAX Exchange Group:

LMAX Exchange Group (LMAX Exchange) is a leading independent player in global financial markets. LMAX Exchange operates multiple institutional execution venues for FX trading and crypto currencies.

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

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