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.
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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.