Andreas Wigstrom said: I am honoured to have been given the opportunity to take on this new role at such a pivotal moment in the LMAX Group growth story. I truly believe that we have a unique product and value proposition and have a clear sense of how we can build on our track record…
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David Mercer, CEO, LMAX Group, commented: This is a significant milestone in the evolution of LMAX Group that vindicates our industry-leading business model and the role we have to play in the foreign exchange and crypto currency markets of the future. Not only have we identified a like-minded partner in J.C. Flowers who understands global…
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Paul Ainsworth added: I am delighted to be joining LMAX Group at an exciting time as the company continues to grow at a rapid pace across all business lines. I look forward to playing a key role in driving the US institutional business forward and increasing our market share in the region. Ainsworth joins LMAX…
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LMAX’s cryptocurrency exchange LMAX Digital also had strong performance for H1 2020 with trading volumes up 106%. The exchange now works with over 200 global institutions trading crypto currencies in the US, Europe and Asia. David Mercer, CEO of LMAX Group, said: We have seen growth in new large institutional clients around the world trading…
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Husam Al Kurdi who recently joined SquaredFinancial as its new Chief Executive Officer sat down with LeapRate for an interview. Having spent two decades working in the financial and banking industry, he has acquired an international reputation for developing and managing sophisticated trading companies. He has been involved with the launch and running of a…
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David Mercer, CEO of LMAX Group, commented: The last few months have reinforced the common understanding that volatility doesn’t stop on a Friday night and risk events have now extended beyond the working week. As a result, the current trading session doesn’t reflect market participants’ increasing need to access FX liquidity 24/7 in order to…
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Mercer continued: We have been impressed by the resilience of crypto currencies, particularly Bitcoin, and note that they have been relatively stable compared to other asset classes which have enjoyed central bank intervention and still shown extreme levels of instability. We see this as an encouraging sign that investors are starting to place more value…
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LMAX Group, the independent operator of institutional execution venues for FX and crypto currency trading, reported record profitability and financial performance for the year ended 31 December 2019. 2019 financial highlights include: Gross Revenues of US$59.6m, up 19% from 2018 Gross Profit of US$56.3m, up 27% from 2018 Statutory EBITDA of US$26.2m, up 30% from…
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