LMAX Exchange

LMAX Exchange
Privately held company
Industry Electronic forex Trading
Founded 2010 (2010)
Headquarters London, United Kingdom
Products Forex, Bullion, Equity Indices, Commodities, Ven
Website www.lmax.com

LMAX Exchange is a London based multilateral trading facility (MTF) for forex trading. LMAX Exchange provides low latency, order-driven execution venue for electronic trading of foreign exchange, FX. LMAX Exchange operates a global FX exchange infrastructure with matching engines in London, New York and Tokyo.[1]

History

The company was launched in 2010 and by 2016 has grown to be the major MTF for forex trading.

In 2013 it decided to expand its services to the US, by setting up second matching engine in New York.[2] This was completed and went live in 2016.[3]

Business model

LMAX Exchange operates an open order book, driven by market/limit orders against streaming, no 'last look' limit orders supplied by liquidity providers.[4] [5]

References

  1. ↑ "LMAX Exchange Getting Up To 50% Improvement in Latency From Azul's Zing JVM". Infoq.com. 2013-05-07. Retrieved 2013-11-14.
  2. ↑ "LMAX Exchange Announces Plans for Second Matching Engine in New York". forexbrokerz. July 3, 2013.
  3. ↑ "LMAX Exchange expands in New York". Automated Trader. September 26, 2016.
  4. ↑ "FX: an exchange-traded future? /Euromoney magazine". Euromoney.com. Retrieved 2013-11-14.
  5. ↑ "Vanguard Fed Up With `Last Look' Practice Pervading Currencies /Bloomberg". bloomberg.com. Retrieved 2016-04-20.
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