Tag: LMAX Exchange

June 24, 2018 BY LeapRate Staff

FX Industry Week Review: Forex broker licenses, Crypto exchange gets 500K signups, Executive moves, and lots more

Topping this week's Forex Industry News headlines... Who is LMAX Exchange's new Global Head of Institutional Sales? Which senior IG executive jumped to Stater Global Markets? Where did each of RoboMarkets and CFI open new offices following regulatory approvals? Answers to these questions and more appeared first or only at LeapRate. Some of our most viewed…

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LMAX Exchange trading floor
February 01, 2018 BY LeapRate Staff

LMAX Exchange buys out Paddy Power Betfair stake for £21.9M with Silicon Valley Bank funding

Institutional FX exchange provider LMAX Exchange Group has announced that it has completed an equity purchase of Paddy Power Betfair plc’s remaining stake in the business. The 31.35% stake (or 187,811 shares) was bought from Paddy Power Betfair for £21.945 million, valuing LMAX Exchange at £70 million. The buyback brings 95% of the company under the control…

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