Tag: David Mercer

March 15, 2016 BY LeapRate Staff

LMAX Exchange survey: Is the FX market transparent and fair?

LeapRate Exclusive Interview... The past year has seen its fair share of problems and scandals in both the retail and institutional arms of the FX market. The Swiss Franc spike. Last look abuse. Chat room collusion. Have we all learned something? Are things changing (for the better)? Do we feel more confident about our FX…

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January 16, 2015 BY LeapRate Staff

LMAX reports business as usual following extreme CHF volatility

LMAX Exchange has issued a release stating that it is 'business as usual' following the extreme market volatility caused by the discontinuation of the CHF peg by the SNB. LMAX says that the only changes are temporary increased margins of 10% on EURCHF and USDCHF and 5% on other CHF crosses. CEO David Mercer commented: Thursday…

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September 08, 2014 BY Mike Fox

LMAX Exchange named Britain’s fastest-growing tech firm...

LMAX Exchange, the provider of an exchange-based currency trading platform, has been named number one as Britain’s fastest-growing private technology company by Fast Track, after its annual sales rose 307.8 per cent over the past three years to £18.37m last year. The firm ranked 15th last year when Fast Track’s list of the 100 fastest-growing…

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January 23, 2014 BY Gerald Segal

LMAX introduces trading in virtual currency Ven

Unlike Bitcoin, Ven’s price depends on a basket of currencies, commodities and carbon futures UK’s FCA regulated LMAX Exchange has announced its introducing trading for an alternative digital currency named Ven starting today according to a blog post on the Wall Street Journal’s website. This virtual currency has been introduced all the way back in…

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January 21, 2014 BY Gerald Segal

LMAX CEO David Mercer sees doubling of forex volumes by 2020

LMAX is seeing most of its own growth in Russia and the Far East According to LMAX Exchange’s CEO David Mercer global forex volumes are set to double by 2020 because of increasing growth in emerging markets FX. He outlined the important role of the Renminbi and the Russian Ruble which are both set to…

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August 07, 2013 BY Gerald Segal

LMAX up to $125 billion per month of forex volume

LMAX also set to launch an institutional trading venue with 'no last look', aimed at high frequency traders. In a recent interview with LMAX CEO David Mercer posted on the LMAX website, LMAX reported some very interesting developments in its business. On the volume side of things -- the lifeblood of any forex broker, retail…

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July 03, 2013 BY Gerald Segal

LMAX planning US expansion

LMAX CEO David Mercer: "We need to be in New York in the next 12 to 18 months." UK-based institutional FX broker LMAX, which dubs itself a 'multi-lateral trading facility for foreign exchange', in indicating its intention to open a US operation by the end of 2014. In a posting on its website, LMAX CEO David…

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