Patrick Bartle joins LMAX Exchange as Global Head of FX Strategy
London, June 2014 – LMAX Exchange, the FCA regulated MTF for FX, has appointed former Global Head of FX at ABN Amro, Patrick Bartle, to the newly created position of Global Head of FX Strategy. Patrick will be responsible for driving the global expansion of LMAX Exchange and will be based in North America, where over 25% of all FX trading takes place.
This appointment comes at an important time as LMAX Exchange embarks on continued global expansion. Patrick’s extensive FX expertise will significantly boost the company’s position in the market and add to the already strong technology and distribution focused teams.
Patrick’s international banking and trading career includes senior leadership roles at ABN Amro, RBS, Credit Suisse First Boston and Bank of America as well as Board Memberships at both, CLS and EBS.
Commenting on the appointment, David Mercer, CEO of LMAX Exchange said: “Patrick will be a major asset as we expand into the global FX marketplace. His depth of knowledge and experience within FX at the top level of global banks is exactly what we need to move beyond the proof of concept stage to global market leadership.”
He continued, “With Patrick running our global FX strategy we expect to increase our growth rate, currently 20% per quarter, whilst continuing to provide an unrivalled combination of precision, consistency and transparency, especially through our growing Interbank offering.”
Patrick Bartle commented: “In today’s environment the growing relevance of exchange-style execution in the FX marketplace cannot be understated. I am extremely impressed with both, the concept and the growth that David and the team have demonstrated over the past three years. This is an incredible opportunity to become a part of the LMAX Exchange team and to help drive the business forward in coming years.“
LMAX Exchange has grown rapidly over the last three years, and has been named the 15th fastest growing tech company in the UK by the Sunday Times. With monthly trading volumes growing at 250% year-on-year and its client base spanning across 80 countries, LMAX Exchange will benefit significantly from Patrick’s extensive expertise as it continues to focus on the successful execution of its global growth strategy.
Media Contacts
For further information please contact:
LMAX Exchange (London):
Barbara Pozdorovkina T: +44 20 3192 2510 E: [email protected]
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.
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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).