- Established: 2010
- Regulation: FCA, CySEC, GFSC
- Pricing & Trading can be provided in: NY4, LD4, TY3
- Signed to FX Global Code: Yes
- Prime Brokers: BNP
- Give-up business: Supported
- Institutional Omnibus Margin and NOP accounts: Supported
- Member LP supporting XCORE community: Since 2010
- Instruments supported with streaming market data via XCORE: FX Spot, Spot Metals, CFD Indices, CFD Commodities, Crypto
- Instruments supported with order routing and clearing via XCORE: FX Spot, Spot Metals, CFD Indices, CFD Commodities, Crypto
- Min account size for institutional Clients: 100,000 USD
- Min brokerage and commercial arrangements: Please discuss directly with the Company
Company Information
LMAX Group was launched in 2010 to offer exchange style execution and regulated, rules-based, no ‘last look’ trading environment which is governed by the LMAX Rulebook, ensuring fully transparent and fair execution for all its clients and market makers. Servicing funds, banks, brokerages, asset managers and proprietary trading firms, the company offers an anonymous, regulated and rules-based trading environment with strict price and time priority order execution at ultra-low latency. Clients have access to real-time streaming market and trade data, which enables the control of execution quality and total trading costs.
The firm is an active contributor to the reformation of the FX industry and became the first market participant to commit to FX Global Code. LMAX Group has contributed to the industry’s understanding of execution factors and trading costs across different liquidity pools by publishing several research papers and the Transaction Cost Analysis (TCA) white paper which resulted in the development of industry-leading FX TCA methodology and analytical tools. Central to the reports are survey findings, conducted to assess the market sentiment at a particular point in time and recommendations on the changes needed within the FX market in light of technology innovation, market sentiment and evolving international regulation.
Regulation
The Group’s portfolio includes LMAX Exchange, LMAX Global and LMAX Digital.
- LMAX Exchange operates global institutional FX exchanges and an FCA regulated MTF. The central limit order book (CLOB) execution model offers streaming firm liquidity from top tier banks and non-bank institutions, transparent price discovery, no ‘last look’ rejections and full control over trading strategy and costs.
- LMAX Global is a regulated broker for FX, metals and commodities worldwide. Servicing retail brokers and professional traders, LMAX Global offers execution services and access to institutional firm liquidity and tight spreads from the LMAX Exchange CLOB.
- LMAX Digital is a regulated institutional spot crypto currency exchange which was launched in May 2018. Based on proven and proprietary technology from LMAX Group, LMAX Digital allows global institutions to acquire, trade and hold the most liquid digital assets – BTC, ETH, LTC, BCH and XRP safely and securely. The company was granted with a license from the Gibraltar Financial Services Commission (GFSC) as a Distributed Ledger Technology (DLT) provider for execution and custody services in April 2019.
Company Recognition and Industry Awards
Headquartered in London, UK, LMAX Group builds and runs its own high performance, ultra-low latency global exchange infrastructure, which includes matching engines in London, New York and Tokyo. The company has regional offices in New York, Chicago, Hong Kong, Singapore, Tokyo and Auckland.
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