Team LMAX Exchange wins third leg of Round the World Race
London, 23 November 2015 – Following their victory in the first leg of the Clipper Round the World Yacht Race, Team LMAX Exchange was the first crew to reach the west coast of Australia, claiming maximum points in the third leg of the biennial event.
After twenty-two days, the team has completed the Wardan Whip, successfully navigating through the Roaring Forties, to complete the nearly 6,000-mile leg journey in pole position. Team LMAX Exchange overcame 80-foot swells and gale force storms to arrive into the Albany port at 21:43 (GMT) on Sunday 22nd November.
David Mercer, CEO of LMAX Exchange commented: “After winning the race to Rio to claim the first leg, it is great to secure another victory. The team led the way for the majority of the race from Cape Town to Albany – to see them cross the line first is fantastic.
“I am looking forward to joining the boat in Sydney and experiencing the determination and resilience of the crew that has resulted in their success in the race so far.”
David Mercer leaves for Sydney in a couple of weeks to join Team LMAX Exchange for the Sydney to Hobart leg of the race. It marks the end of an adventurous year for the CEO, after he trekked to the North Pole in April to set a Guinness World Record for the northernmost game of rugby ever played and raise funds for children’s charity, Wooden Spoon.
Skipper Olivier Cardin remarked: “There was a lot of different conditions ranging between the low and high pressure systems and the anticyclone at the end. The first day we had a big storm and managed to weather it well by being in an easterly position in the fleet, and took the lead at this point. We all expected storms and big waves, and it was always wet on deck and down below, but it was not as extreme as we thought it would be, so we were always able to push the boat hard.
“We are a very tough team and we know we can take the lead quickly and hold onto it. We are always motivated when we see the schedules and know we have to push harder if others are gaining miles on us, and that keeps us going. We pushed pretty hard and others behind pushed too.
“The team always responds to whatever conditions are thrown at us, and are able to change the sails quickly, which makes it a lot easier for me tactically,” he added. The 2015-16 Clipper 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).