Tag: LMAX results

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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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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December 18, 2012 BY Gerald Segal

Why is LMAX only worth £3.6 million?

LMAX lost another £4.5 million in the first six months of fiscal '13. LMAX's spinoff to management (backed by ex-Betfair Chairman Ed Wray) was certainly not unexpected, as we had blogged about Betfair's likely exit from LMAX just several days prior. But the value at which it was done, at a company valuation of just £3.6 million, with £2.4…

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December 11, 2012 BY Gerald Segal

LMAX to be shut down? Or sold?

New Betfair CEO taking the axe to many parts of the business. An interesting article in this weekend's Sunday Times speculated that new Betfair CEO Breon Corcoran was going to use the company's half-year results announcement this coming Thursday to outline an overhaul of many parts of the business, and cost cutting measures -- and a…

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