LMAX Group granted a Recognised Market Operator Licence from the Monetary Authority of Singapore LeapRate

November 23, 2023 BY Elizabeth Anderson

LMAX Group granted a Recognised Market Operator Licence from the Monetary Authority of Singapore

Clients can now hedge their FX exposure against non-convertible currencies on a Central Limit Order Book (CLOB). Transparent price discovery, efficient market structure, firm limit order market data, deeper liquidity and streaming real-time will now be available to all participants. LMAX intends to create a more diversified offering for institutional investors. That results from a…

November 18, 2022 BY Steffy Bogdanova

LMAX Group expands APAC infrastructure with its matching engine in Singapore

Quentin Miller, Managing Director, Asia Pacific, at LMAX Group, said: Our Singapore matching engine brings us closer to clients in the region and since launch we have seen 3x growth in our FX trading volumes month on month. We are excited by the opportunities that lie ahead and are focused on building our presence in…

November 02, 2022 BY Steffy Bogdanova

LMAX gross profit reaches $106 million in 2021

Furthermore, LMAX reported that its gross revenue also jumped 80% YoY. The Group explained that it saw growth in “institutional market share in both traditional FX and crypto currency markets, despite volatility and downward pressure on volumes.” In 2021, LMAX Digital volumes reached more than $500 billion, according to the Group. David Mercer, CEO of…

July 30, 2021 BY Steffy Bogdanova

Andreas Wigstrom named managing director of LMAX Global

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…

July 15, 2021 BY Steffy Bogdanova

J.C. Flowers & Co buys 30% stake in LMAX Group

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…

July 08, 2021 BY Steffy Bogdanova

LMAX Group hires Paul Ainsworth to lead institutional sales for Americas

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…

July 17, 2020 BY Steffy Bogdanova

LMAX Group reports 33% growth in FX trading volume for H1 2020 with $2.3 trillion

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…

June 12, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: ATFX reports 37% growth in Q1, CMC Markets launches new Prime Derivatives platform

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…

June 10, 2020 BY Steffy Bogdanova

LMAX Group enables clients to trade outside of market hours with a new Weekend FX service

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…

May 19, 2020 BY Steffy Bogdanova

LMAX Digital celebrates its first two years of operation with $85 billion crypto traded

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…

Tag: LMAX Group