finance
LMAX Exchange

Recognised as one of the UK’s fastest growing technology firms, LMAX Exchange is the leading MTF for FX, authorised and regulated by the FCA. Servicing funds, banks, brokerages and asset managers, LMAX Exchange delivers firm liquidity, anonymous exchange quality execution and a secure, transparent level playing field to all market participants, regardless of status, size or activity levels.

The LMAX Exchange open order book is driven by no ‘last look’ limit-order liquidity from top tier banks and non-bank financial institutions. Orders are executed in price/time priority with real time streaming continuous market and trade data published to all members. Offering a comprehensive range of instruments including spot FX, precious metals, commodities and equity indices, 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.

Business growth awards:
2016, 2015 Winner – Deloitte UK Technology Fast 50
2015, 2014, 2013 Fastest Growing Tech Company in the UK – The Sunday Times Tech Track 100
2016, 2015 Winner – Deloitte EMEA Technology Fast 500
2015 Recognised as a Tech City Future Fifty company – Tech City UK Future Fifty

FX industry awards:

2017, 2016, 2015, 2014, 2013 Best FX Trading Venue - (ECN/MTF) – Fund Technology and WSL Awards
2016, 2015, 2014, 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards
2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awards
2013 Best Execution Venue – Forex Magnates Awards

Financial technology awards:

2016 Best Trading & Execution – HFM US Technology Awards
2013 Best Overall Testing Project – The European Software Testing Awards
2011 Best Trading System – Financial Sector Technology Awards
2011 Innovative Programming Framework – Oracle Duke's Choice Awards


LMAX Limited operates a multilateral trading facility (MTF). Authorised and regulated by the Financial Conduct Authority, FCA Registered no. 509778.

Insights

6 Months is a Long Time in FX. Has Anything Changed?

6 Months is a Long Time in FX. Has Anything Changed?


Following up on the recently published report “Restoring Trust in Global FX Markets”, LMAX Exchange is gathering industry opinion on changes taking place in the FX market in the context of the ongoing regulatory and industry initiatives.     READ MORE +
Last Look - An Erosion of Trust

Last Look - An Erosion of Trust


LMAX Exchange CEO, David Mercer, comments on use of ‘last look’ in FX.   READ MORE +
Report: Restoring Trust in Global FX Markets

Report: Restoring Trust in Global FX Markets


Continuing the debate around fairness and transparency, the exclusive ‘Restoring trust in global FX markets' report by LMAX Exchange takes a stance on the changes needed within the FX market in light of technology innovation, market sentiment and international regulation.   READ MORE +
LMAX Exchange CEO Comments on the FEMR Report

LMAX Exchange CEO Comments on the FEMR Report


Commenting on the Fair and Effective Markets Review Final Report published this month, David Mercer, CEO of LMAX Exchange, said, “As the only FCA regulated MTF for spot FX operating a ‘no last look’ open order book, we fully welcome the review’s endeavour to bring increased transparency to the FX...   READ MORE +
Venture Born. Enterprise Proven. [and now] EMC Strong

Venture Born. Enterprise Proven. [and now] EMC Strong


So I’m going to try to sum up the past 6 years in about 1,000 words. This may be a bigger challenge for me than this deal we just signed. Before getting into it, I want to thank Joe Tucci, Pat Gelsinger, Howard Elias and everyone else that made this...   READ MORE +


Announcements

TCA and fair execution. Is the FX industry using the right metrics?

TCA and fair execution. Is the FX industry using the right metrics?


The LMAX Exchange TCA and fair execution White Paper contains highly relevant and compelling information for active participants in the FX market - download preview here.To introduce the thinking behind the white paper, which analyses and compares ‘last look’ vs firm liquidity execution quality of over 7 million trades, watch this short video with David...   READ MORE +
LMAX Exchange expands in the US with the launch of a New York-based exchange

LMAX Exchange expands in the US with the launch of a New York-based exchange


LMAX Exchange, the leading MTF for FX, today announced the expansion of its global infrastructure with the launch of its North American matching engine in the Equinix International Business Exchange™ (IBX®) data centre in New York (NY4) - read more   READ MORE +
LMAX Exchange calls for UK to lead global regulatory change in the $5.3 trillion FX industry

LMAX Exchange calls for UK to lead global regulatory change in the $5.3 trillion FX industry


LMAX Exchange, the leading Multilateral Trading Facility (MTF) for FX and one of the UK’s fastest growing fintech companies, is calling for UK financial regulators to show worldwide leadership and deliver on the FEMR objectives to improve transparency in the FX market, set out by the Chancellor of the Exchequer...   READ MORE +
Engage in the FEMR debate: What’s the future of global FX? Share Your Opinion Here

Engage in the FEMR debate: What’s the future of global FX? Share Your Opinion Here


We would welcome your opinions on the changes taking place in the FX industry, by completing our brief, anonymous survey. The responses will be aggregated and summarised as the industry’s view on key FEMR issues, we would be happy to share the survey findings with you, just let us know...   READ MORE +
Fintech CEO breaks Guinness World Record with North Pole rugby match

Fintech CEO breaks Guinness World Record with North Pole rugby match


David Mercer, CEO of the UK’s fastest growing tech company, LMAX Exchange, and a team including several ex-professional national rugby players, have officially broken a Guinness World Record by playing the northernmost game of rugby ever attempted - at the North Pole. The game, which took place on Tuesday night,...   READ MORE +
LMAX Exchange widens distribution of its TY3 liquidity by adding access via PrimeXM

LMAX Exchange widens distribution of its TY3 liquidity by adding access via PrimeXM


LMAX Exchange, the FCA regulated MTF for global FX and the UK’s fastest growing technology firm, announced that it will widen the distribution of liquidity from its Tokyo-based matching engine via PrimeXM.   READ MORE +
LMAX Exchange bucks trend with PoP launch

LMAX Exchange bucks trend with PoP launch


FX Week, March 2015 - Foreign exchange trading platform LMAX Exchange has launched a prime-of-prime (PoP) service, aimed at providing retail brokers, hedge funds and asset managers with credit, liquidity and market access - read more   READ MORE +
LMAX Exchange launches Prime of Prime service

LMAX Exchange launches Prime of Prime service


LMAX Exchange, the world leading FCA regulated MTF for global FX and the UK’s fastest growing technology firm, has launched LMAX Prime, a prime of prime service to provide retail brokers, hedge funds and asset managers with credit intermediation and bespoke liquidity arrangements with access to multiple venues.   READ MORE +
LMAX Exchange joins the Linux Foundation to champion open source

LMAX Exchange joins the Linux Foundation to champion open source


London UK, 12 March 2015 - LMAX Exchange, the world leading FCA regulated MTF for global FX trading and the UK’s fastest growing technology firm, today announced it has become a member of the Linux Foundation, the nonprofit organisation dedicated to accelerating the growth of Linux and collaborative development - read...   READ MORE +
LMAX Exchange and Z.com Trade extend liquidity solution to MT4 clients through PrimeXM

LMAX Exchange and Z.com Trade extend liquidity solution to MT4 clients through PrimeXM


London UK, 9 March 2015 - A three party alliance between the world leading FCA regulated MTF for FX, the world’s largest retail FX provider and a leading MT4 bridge solution is opening access to a unique no ‘Last Look’ liquidity pool to a new group of traders - read more   READ MORE +
A disruptive influence

A disruptive influence


FX-MM, February 2015 - David Mercer, CEO at LMAX Exchange, the world’s only regulated multi-lateral trading facility (MTF) for FX, explains why recent market turbulence may prove to be a watershed for the currency market and why its future lies on an exchange - read more   READ MORE +
LMAX Exchange wins best FX ECN/MTF for the third year running

LMAX Exchange wins best FX ECN/MTF for the third year running


London, 5 February 2015 - LMAX Exchange, the leading FCA regulated MTF for global FX and the UK’s fastest growing technology firm, has been named ‘Best FX Trading Venue (ECN/MTF)’ for the third year running at the 2015 Wall Street Letter (WSL) Institutional Trading Awards. The LMAX Exchange business model and...   READ MORE +
LMAX Exchange announces partnership with Z.com Trade

LMAX Exchange announces partnership with Z.com Trade


London, 19 January 2015 - The UK’s fastest growing technology firm, LMAX Exchange, an FCA regulated MTF for FX trading, is pleased to announce its partnership with GMO-Z.com Trade UK Limited (“Z.com Trade”), a member of the Japan-headquartered GMO CLICK Holdings Inc. group of companies, which is the world’s largest retail...   READ MORE +
LMAX Exchange launches in Hong Kong

LMAX Exchange launches in Hong Kong


Hong Kong, 13 January 2015 - LMAX Exchange, the leading FCA regulated MTF for global FX trading and the UK’s fastest growing technology firm, today announced the launch of LMAX Hong Kong Limited, an SFC licensed broker for leveraged foreign exchange trading.hk.lmax.com   READ MORE +
LMAX Exchange Launches Matching Engine in Equinix's Tokyo Data Center

LMAX Exchange Launches Matching Engine in Equinix's Tokyo Data Center


Global expansion further bolsters Equinix’s electronic trading ecosystem in Japan   READ MORE +
Global FX Insights - a new daily market research and analytics source from LMAX Exchange

Global FX Insights - a new daily market research and analytics source from LMAX Exchange


Global FX Insights - is the new daily market research and analytics information source from LMAX Exchange. Throughout the day it provides insightful commentary, charts and analysis.   READ MORE +
LMAX Exchange recognised as the UK’s fastest growing technology firm

LMAX Exchange recognised as the UK’s fastest growing technology firm


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.   READ MORE +
LMAX Exchange named “Best Margin Sector Platform”

LMAX Exchange named “Best Margin Sector Platform”


London, 30 May 2014 - LMAX Exchange has great pleasure in announcing that it has been awarded the “Best Margin Sector Platform” for the second year in a row at the 2014 Profit & Loss Readers’ Choice Awards in New York - read more   READ MORE +
Access to the award-winning LMAX Exchange is now available through FP Markets, the leading Australia

Access to the award-winning LMAX Exchange is now available through FP Markets, the leading Australia


London, 25 March 2014 - LMAX Exchange, the first FCA regulated MTF for FX trading, is pleased to announce a partnership with FP Markets, the leading Australian online brokerage. - read more   READ MORE +
LMAX Exchange supports world record Arctic Rugby Challenge

LMAX Exchange supports world record Arctic Rugby Challenge


London, 4 March 2014 - LMAX Exchange, the FCA regulated MTF for FX, is very pleased to support the Arctic Rugby Challenge, a pioneering charity expedition to the Magnetic North Pole. - read more   READ MORE +
Another big win for LMAX Exchange at the 2014 WSL Institutional Trading Awards

Another big win for LMAX Exchange at the 2014 WSL Institutional Trading Awards


London, 27 February 2014 - LMAX Exchange has been named "Best FX Trading Venue - ECN/MTF" and “Best Infrastructure/Technology Initiative by Exchange/ATS” at this year’s Wall Street Letter (WSL) Institutional Trading Awards. LMAX Exchange has been recognised alongside leading global exchanges and financial services firms, including NASDAQ OMV, ICE NYSE Euronext,...   READ MORE +
LMAX Exchange adds RUB and CNH

LMAX Exchange adds RUB and CNH


London, January 2014 - LMAX Exchange, the first FCA regulated MTF for FX trading, has added ruble (RUB) and offshore renminbi (CNH) currency pairs to its existing list of over 70 traded instruments. - read more   READ MORE +
LMAX Exchange chief executive predicts FX volumes will double by 2020

LMAX Exchange chief executive predicts FX volumes will double by 2020


FX Week, January 2014 - Global foreign exchange volumes could double by 2020 due to growth in emerging markets (EM) currencies in Asia and Russia, according to David Mercer, chief executive of trading platform LMAX Exchange, which has added ruble and offshore renminbi (CNH) to its list of traded currencies...   READ MORE +
LMAX Exchange becomes the first regulated MTF to list Ven

LMAX Exchange becomes the first regulated MTF to list Ven


London/Davos, January 2014 - LMAX Exchange, the FCA regulated MTF for FX trading, announces it will become the first regulated MTF to list Ven, enabling brokers, institutions and banks to trade the currency. - read more   READ MORE +


Events

LMAX Exchange at the Profit & Loss Forex Network Chicago 2014

LMAX Exchange at the Profit & Loss Forex Network Chicago 2014


LMAX Exchange will be exhibiting at the P&L Forex Network Chicago. In addition, David Mercer, LMAX Exchange CEO, will take part in a panel discussion.   READ MORE +
LMAX Exchange at the Profit & Loss Forex Network New York 2014

LMAX Exchange at the Profit & Loss Forex Network New York 2014


LMAX Exchange will be exhibiting at the P&L Forex Network New York. In addition, David Mercer, LMAX Exchange CEO, will take part in a panel discussion. Profit & Loss conferences provide their audiences with unique views into the issues, developments and trends taking place in the FX industry. Their distinctive panel...   READ MORE +
LMAX Exchange at iFX Expo Cyprus

LMAX Exchange at iFX Expo Cyprus


LMAX Exchange will be exhibiting at the iFX Expo Cyprus, come visit us at booth 74.     READ MORE +
LMAX Exchange live G+ ‘Hangout on Air’ broadcast: High Performance Design +Q&A with Senior Developer

LMAX Exchange live G+ ‘Hangout on Air’ broadcast: High Performance Design +Q&A with Senior Developer


LMAX Exchange will host a live Google+ ‘Hangout on Air’ broadcast on March 6, 2pm GMT, where Senior Developer, Nick Zeeb, will be presenting on ‘High Performance Design’. Nick will talk about Test Driven Design and take you through how the LMAX Exchange developers created a lock-free, high performance data...   READ MORE +
LMAX Exchange shortlisted for the FS Tech Awards

LMAX Exchange shortlisted for the FS Tech Awards


LMAX Exchange has been shortlisted in several categories at the prestigious FS Tech awards.   READ MORE +
LMAX Exchange shortlisted for the Wall Street Letter Awards

LMAX Exchange shortlisted for the Wall Street Letter Awards


LMAX Exchange has been shortlisted for several categories at the prestigious WSL Institutional Trading awards.   READ MORE +
LMAX Exchange at City Week International Financial Services Forum

LMAX Exchange at City Week International Financial Services Forum


LMAX Exchange will be exhibiting at the City Week International Financial Services Forum. In addition, David Mercer, CEO of LMAX Exchange, will take part in a panel discussion.   READ MORE +
LMAX Exchange at Profit & Loss Forex Network London

LMAX Exchange at Profit & Loss Forex Network London


LMAX Exchange will be exhibiting at the P&L Forex Network London. In addition, David Mercer, CEO of LMAX Exchange, will take part in a panel discussion.   READ MORE +


Recognised as one of the UK’s fastest growing technology firms, LMAX Exchange is the leading MTF for FX trading, authorised and regulated by the FCA. Servicing funds, banks, brokerages and asset managers, LMAX Exchange delivers firm liquidity, anonymous exchange quality execution and a secure, transparent level playing field to all market participants, regardless of status, size or activity levels.