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About LMAX

LMAX   |   About LMAX   |    Why LMAX?   |    Account Features   |    Company Profile


LMAX Exchange

Optimised, exchange quality FX execution

The unique LMAX Exchange business model addresses the fundamental changes happening within the FX market, and solves two key industry problems:

  • Lack of transparency of the true cost of OTC traded FX
  • Lack of precise, consistent & reliable FX trade execution

LMAX Exchange delivers conflict free, neutral execution and transparent cost of trade to both, the buy-side and sell-side. LMAX Exchange is not a market-maker, and unlike some ECNs, the open order book is driven by streaming, non 'last look' limit orders supplied by top tier banks and institutional liquidity providers.

LMAX Exchange - precise, consistent and reliable

  • Unparalleled execution quality - average trade latency is 4 ms more
  • Award-winning FX trading venue - recognised for excellence and innovation more
  • Pre & post-trade transparency - an open order book with no 'last look' more
  • Strict price/time priority matching - totally neutral trade matching
  • Trading anonymity - matching buyers to sellers anonymously more

LMAX Exchange - connectivity and access

LMAX Exchange supports all the FX trading strategies of both, buy-side & sell-side trading institutions through either API or manual trading.

  • Connectivity: Cross connect at Equinix LD4/5 and TY3, PoP at Interxion, Extranet and Internet more
  • Access: API (Java & .Net), FIX 4.4, Web GUI, Mobile, MT4/5 Bridges, MultiCharts

LMAX Exchange - latest statistics

LMAX Exchange is NOT quote driven. We only match client orders against streamed, no 'last look', limit orders from our liquidity providers - with all spreads set also by the market not LMAX Exchange.


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About LMAX Exchange

A unique vision for global FX trading

LMAX Exchange (London Multi Asset Exchange) is the first MTF for FX, regulated by the Financial Conduct Authority - established to deliver the benefits of exchange quality execution to both buy-side & sell-side trading institutions.

Based in London, UK, LMAX Exchange is a trading name of LMAX Limited which is authorised and regulated by the Financial Conduct Authority as a Multilateral Trading Facility ("MTF"). MTF as defined in the Markets in Financial Instruments Directive ("MiFID").

LMAX Exchange - delivering exchange quality execution

The "exchange" model is an efficient and cost effective way to trade very liquid products like FX. In an industry currently driven by regulatory reforms, the LMAX Exchange vision is to deliver transparent, neutral, level playing field to all participants in the FX market.

LMAX Exchange - the solution to current FX industry challenges

The LMAX MTF structure and exchange quality execution business model provide the solutions to two key industry challenges:
Lack of transparency of the true cost of OTC traded FX

The LMAX Exchange order book is driven only by streaming limit-orders from top tier banks and proprietary trading firms, ensuring that true transaction costs are known.

Lack of precise, consistent and reliable FX trade execution

LMAX Exchange order matching is on a strict price/time priority basis with no 'last look' or rejections, providing consistent & reliable trade execution.

LMAX Exchange - institutional FX trading excellence

For broker/dealers, proprietary trading firms, corporates and institutional asset managers, the combination of LMAX Exchange unique business model with trading technology excellence, ensures full pre and post-trade transparency, precision execution and neutrality - helping optimise FX trading strategies.

LMAX Exchange - award-winning FX trading technology

LMAX Exchange trading technology has been recognised for excellence and innovation by the FX industry's most prestigious awards:

  • 2014 #1 Fastest Growing Tech Company in the UK – Sunday Times Tech Track 100 more
  • 2014 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more
  • 2014 Best FX Trading Venue – ECN/MTF – WSL Institutional Trading Awards more
  • 2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awards more
  • 2013 #15 Fastest Growing Tech Company in the UK – Sunday Times Tech Track 100 more
  • 2013 Best Overall Testing Project – The European Software Testing Awards more
  • 2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards more
  • 2013 Best FX Trading Venue - ECN/MTF – WSL Institutional Trading Awards more
  • 2013 Best Execution Venue – Forex Magnates Awards more
  • 2011 Best Trading System – Financial Sector Technology Awards more
  • 2011 Innovative Programming Framework – Oracle Duke's Choice Awards more

LMAX Exchange - MTF Membership

LMAX Exchange welcomes discussions with all financial institutions interested in becoming General or Broker Members of the LMAX MTF. To learn more, visit the LMAX MTF website.


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Why LMAX Exchange?

The venue where no 'last look' is standard

LMAX Exchange delivers the unique benefits of exchange quality execution, complete pre and post-trade transparency and a secure, level playing field for all FX market participants.

For Broker Dealers, proprietary trading firms, CTAs, corporates and institutional asset managers - our open order book, direct and anonymous market access and instantaneous trading on live, streaming limit-orders with no 'last look', enables precise trade execution and transparent cost of trade.

LMAX Exchange - key trading advantages

  • Pre and post-trade transparency
  • Open order book - full market depth (via FIX)
  • Strict price/time priority matching algorithm
  • Streaming FX limit-order liquidity from top tier banks and proprietary trading firms
  • No 'last look' or rejections
  • Complete trading anonymity
  • Complete range of clearing solutions

LMAX Exchange technology excellence - key statistics

  • Average trade latency is 4 ms how we measure trade latency
  • Average MTF latency is 0.5 ms how we measure MTF latency
  • Sustained processing capacity 40k orders/second

LMAX Exchange uptime learn more

  • LMAX Exchange - industry compliant for seamless integration
  • Connectivity: Cross connect at Equinix LD4/5, PoP at Interxion, Extranet and Internet
  • Access: API (Java & .Net), FIX 4.4, Web GUI, Mobile, MT4/5 Bridges, MultiCharts

LMAX Exchange - instruments

  • 67 Spot FX pairs view instrument list
  • Bullion, equity indices and commodities view instrument list
  • Volume based commission discounts available

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Account Features

The types of accounts  
Minimum deposit  
Spread  
Leverage  
Trading hours 24 hours
Deposit methods Credit Card, Wire Transfer
Licenses  

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Company Profile

About LMAX

  • Year Founded: 2009
  • Headquarters: London, UK
  • Customer Service: +44 20 3192 2555
  • E-mail: Info@lmax.com
  • Website: www.lmax.com
  • Languages deal: 

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