LMAX Group
| LMAX Group | |
| |
| Founded | 2011 |
|---|---|
| Headquarters | London |
| Employees | 110 |
| Products | FX, metals, indices and commodities trading |
| Website | https://www.lmax.com |
LMAX Group is a global financial technology company that operates multiple institutional execution venues for FX and cryptocurrency trading. It has offices in 9 countries and a global client base, including matching engines in London, New York and Tokyo.[1] The LMAX Group portfolio includes LMAX Exchange, LMAX Global and LMAX Digital.
LMAX Exchange is an FCA-regulated multilateral trading facility (MTF) for FX, metals, indices and commodities. LMAX Exchange offers clients the ability to trade on a central limit order book with streaming firm limit order liquidity from top tier global banks and non-banks.[2]
History[edit]
In 2021, the U.S. private equity investor JC Flowers acquired a 30% stake in LMAX Group. The $300 million minority investment valued the FX and crypto trading venue operator at $1 billion at the time.[3]
Products and Services[edit]
LMAX Exchange operates multiple institutional execution venues for FX trading and cryptocurrencies.
LMAX Global is a leading regulated broker for FX, metals and commodities worldwide.
LMAX Digital is an institutional spot cryptocurrency exchange.[4]
In March 2022, LMAX Group partnered with SIX to launch centrally cleared crypto-asset futures, which they expect to go live in Q3 2022, subject to regulatory approval. The launch will initially include centrally cleared USD settled Bitcoin and Ethereum futures. Trading will occur 23 hours, five days a week, with plans for the full product roll out to be extended to 24/7 trading.[5]
Key People[edit]
- David Mercer, Chief Executive
- Patrick Bartle, Managing Director for Americas
- Sean Cleary, Head of Liquidity Management and Analytics for Americas
References[edit]
- ↑ The 2017 Trading Tech 40: David Mercer. Institutional Investor.
- ↑ About LMAX. LMAX.
- ↑ LMAX Group partners with SIX to launch 24/7 traded crypto-asset futures. The Trade News.
- ↑ About LMAX. LMAX Group.
- ↑ LMAX Group partners with SIX to launch 24/7 traded crypto-asset futures. The Trade News.