LMAX Exchange has been ranked No.1 overall in the Sunday Times Tech Track 100 league table, eclipsing its 2013 ranking of 15th, with a remarkable growth of 307.8% in annual revenues. LMAX Exchange also ranked No.1 within the financial technology sector, for the second year running.
“Our performance in the 2014 TECH TRACK 100 rankings clearly demonstrates how LMAX Exchange is proving to be THE disruptive innovator in global currency trading” says CEO David Mercer
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.
Commenting on the No.1 ranking, David Mercer, CEO of LMAX Exchange, said: “To come top of the Tech Track 100 table is tremendous, unbiased confirmation of the outstanding progress LMAX Exchange has made over the past year in delivering a world class FX exchange. This progress has only been possible through the unparalleled quality of our technology combined with the unrivalled expertise of our team.
LMAX Exchange is the disruptive innovator in foreign exchange trading, and through exchange style execution brings complete transparency and a level playing field to the traditionally opaque OTC traded asset class.”
He concluded: “LMAX Exchange technology could be the type of solution regulators seek to bring more transparency to financial markets. It is unique, robust and scalable and currently has the sustained capacity to process 40,000 orders/second, with trades taking less than four milliseconds to execute.
Our on-going focus on technology innovation uniquely positions us to continue on this growth path, and will make LMAX Exchange a premier global venue for clients looking to lower FX trading costs through accurate price discovery, certainty of execution and the transparency that they demand and we deliver.”
Congratulating LMAX Exchange, Hamish Stevenson, the Founder and CEO of Fast Track, said: “LMAX Exchange is an outstanding example of UK tech innovation and global leadership. I wish them continued success.”