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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate Exclusive… LeapRate has learned that leading institutional FX broker and liquidity provider LMAX Exchange has begun providing original research and analysis of the overall currency space, called Global FX Insights, hiring well-regarded FX analyst Joel Kruger as senior analyst.
Kruger had been a senior currency analyst for both Thomson Reuters (NYSE:TRI) and more recently FXCM (NYSE:FXCM), before setting up his own firm FirstMacro in 2013, providing a premium research product to FX brokers. He maintains a wide following among FX traders, with more than 15,000 following him on Twitter, one of the largest social media followings for an FX analyst.
LMAX Exchange is an FCA regulated MTF (Multilateral Trading Facility) for FX. Servicing brokers, funds, corporates, asset managers and banks, LMAX Exchange delivers transparent, neutral, level playing field for all market participants, regardless of status, size or activity levels. The LMAX Exchange OPEN order book is driven by streaming, non ‘last look’ limit orders supplied by General Member liquidity providers. LMAX Exchange offers a range of key products, including spot FX, precious metals, commodities and equity indices, with complete pre and post-trade transparency and order execution with no ‘last look’.
While LMAX has clearly focused on differentiating itself through issues such as latency, transparency and execution quality, clearly it felt it needed to also have a branded premium research product for a large segment of its audience.
After a slow start in 2010, LMAX underwent a management buyout from founding shareholder Betfair (LON:BET) in 2012, and the company has been on a growth tear ever since. LMAX was recently named Britain’s fastest-growing tech firm by The Sunday Times’ Fast Track.