Difference between revisions of "LMAX Exchange"

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LMAX Exchange Group is a global financial technology company, which operates multiple institutional execution venues for electronic foreign exchange trading (FX trading). The Group's portfolio includes LMAX Exchange (FCA regulated MTF), LMAX Global (FCA regulated Broker) and LMAX Digital, the institutional crypto currency exchange.
{{Use dmy dates|date=October 2013}}
 
{{Infobox company
 
| name = LMAX Exchange
 
| logo = File:LMAX Exchange.svg
 
| type = Privately held company
 
| foundation = {{start date|2010}}
 
| location_city = London
 
| num_employees = 130 (2018)
 
| location_country = United Kingdom
 
| industry = Foreign Exchange Market
 
| products = FX, Metals, Indices, Crypto Currencies
 
| brands = LMAX Exchange, LMAX Global, LMAX Digital
 
| homepage = {{url|http://www.lmax.com/ }}
 
}}
 
  
'''LMAX Exchange Group''' is a global [[financial technology]] company, which operates multiple institutional [[Trading venue|execution venues]] for electronic [[foreign exchange trading]] (FX trading). The Group's portfolio includes LMAX Exchange ([[Financial Conduct Authority|FCA]] regulated [[Multilateral trading facility|MTF]]), LMAX Global (FCA regulated Broker) and LMAX Digital, the institutional crypto currency exchange.<ref>{{cite web|url=http://www.infoq.com/news/2013/05/lmax-zing |title=LMAX Exchange Getting Up To 50% Improvement in Latency From Azul's Zing JVM |publisher=Infoq.com |date=2013-05-07 |accessdate=2013-11-14}}</ref>
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Headquartered in London, UK, LMAX Exchange operates a global exchange infrastructure with matching engines in London, New York and Tokyo. The company has regional offices in New York, Chicago, Hong Kong, Singapore, Tokyo and Auckland.  
 
 
Headquartered in London, UK, LMAX Exchange operates a global exchange infrastructure with matching engines in London, New York<ref>{{cite news|url=https://www.forexbrokerz.com/news/lmax-plans-second-matching-engine|title=LMAX Exchange Announces Plans for Second Matching Engine in New York|date=July 3, 2013|publisher=forexbrokerz}}</ref> <ref>{{cite web|url=http://www.automatedtrader.net/news/at/156306/lmax-exchange-expands-in-new-york|title=LMAX Exchange expands in New York|date=September 26, 2016|publisher=Automated Trader}}</ref> and Tokyo. The company has regional offices in New York, Chicago, Hong Kong, Singapore, Tokyo and Auckland.<ref>{{Cite web|url=https://financefeeds.com/lmax-exchange-ranked-sixth-fastest-growing-technology-company-in-sunday-times-tech-track-100/|title=LMAX Exchange ranked sixth fastest growing tech company.|date=2015-09-07|website=FinanceFeeds|language=en-US|access-date=2018-12-17}}</ref>
 
  
 
==History==
 
==History==
LMAX Exchange was launched in 2010 to offer exchange style execution and regulated, rules-based, no ‘last look’ trading environment to all market participants in the foreign exchange market. The key enabler of LMAX Exchange business model is the proprietary technology. LMAX Exchange has open-sourced some components of its technology, including [[Disruptor (software)|Disruptor]] concurrency software to support the extremely low latency requirements of its trade processing servers.<ref>{{Cite web|url=https://martinfowler.com/articles/lmax.html|title=The LMAX Architecture|last=Fowler|first=Martin|date=2011-07-12|website=martinfowler.com|archive-url=|archive-date=|dead-url=|access-date=2018-12-17}}</ref>
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LMAX Exchange was launched in 2010 to offer exchange style execution and regulated, rules-based, no ‘last look’ trading environment to all market participants in the foreign exchange market. The key enabler of LMAX Exchange business model is the proprietary technology. LMAX Exchange has open-sourced some components of its technology, including Disruptor concurrency software to support the extremely low latency requirements of its trade processing servers.
  
In 2014, LMAX Exchange was ranked the fastest growing company in the UK by the Sunday Times TechTrack 100.<ref>{{Cite web|url=https://www.fasttrack.co.uk/league-tables/tech-track-100/league-table/|title=LMAX Exchange ranked fastest growing company in the UK by Sunday Times Tech Track 100|last=TWK|first=|date=|website=Fast Track|language=en-GB|archive-url=|archive-date=|dead-url=|access-date=2018-12-17}}</ref>
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In 2014, LMAX Exchange was ranked the fastest growing company in the UK by the Sunday Times TechTrack 100.
  
LMAX Exchange became the first market participant to commit to FX Global Code<ref>{{Cite web|url=https://www.globalfxc.org/global_index.htm|title=Global Index of Public Registers|website=www.globalfxc.org|access-date=2018-12-17}}</ref> and has published TCA (Transaction Cost Analysis) research, outlining the methodology to compare trading costs between firm and last look liquidity.<ref>{{Cite web|url=https://www.lmax.com/fx-tca-transaction-cost-analysis|title=The LMAX Exchange FX TCA and fair execution white paper|website=LMAX English|language=en-US|access-date=2018-12-17}}</ref>
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LMAX Exchange became the first market participant to commit to FX Global Code and has published TCA (Transaction Cost Analysis) research, outlining the methodology to compare trading costs between firm and last look liquidity.
  
Today, LMAX Exchange operates 5 institutional exchanges. The latest exchange, LMAX Digital - the institutional exchange for digital currencies, was launched in May 2018<ref>{{Cite web|url=https://static-www.lmax.com/pdf/digital/FT-LMAX-Exchange-seeks-to-win-big-from-trading-cryptocurrencies.pdf|title=LMAX Exchange seeks to win big from trading cyptocurrencies|last=|first=|date=2018-05-21|website=www.lmax.com|archive-url=|archive-date=|dead-url=|access-date=2018-12-17}}</ref><ref>{{Cite web|url=http://video.foxbusiness.com/v/5791511983001/|title=LMAX Exchange CEO: We’ve seen unprecedented demand in our crypto exchange|date=2018-05-30|website=Fox Business|language=en-US|access-date=2018-12-17}}</ref>.
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Today, LMAX Exchange operates 5 institutional exchanges. The latest exchange, LMAX Digital - the institutional exchange for digital currencies, was launched in May 2018.  
  
 
==Business model==
 
==Business model==
LMAX Exchange operates a [[central limit order book]] with streaming order driven firm liquidity.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2016-04-19/vanguard-fed-up-with-last-look-practice-pervading-currencies|title=Vanguard Fed Up With `Last Look' Practice Pervading Currencies /Bloomberg|date=|publisher=bloomberg.com|accessdate=2016-04-20}}</ref> Servicing funds, banks, brokerages, asset managers and proprietary trading firms, LMAX Exchange offers an anonymous, regulated and rules-based trading environment with strict price and time priority order execution at ultra-low latency. Clients have access to real-time streaming market and trade data, which enables the control of execution quality and total trading costs.<ref>{{cite web|url=http://www.euromoney.com/Article/3222631/FX-an-exchange-traded-future.html |title=FX: an exchange-traded future? /Euromoney magazine |publisher=Euromoney.com |date= |accessdate=2013-11-14}}</ref>
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LMAX Exchange operates a central limit order book with streaming order driven firm liquidity. Servicing funds, banks, brokerages, asset managers and proprietary trading firms, LMAX Exchange offers an anonymous, regulated and rules-based trading environment with strict price and time priority order execution at ultra-low latency. Clients have access to real-time streaming market and trade data, which enables the control of execution quality and total trading costs.
 
 
==References==
 
{{Reflist|2}}
 
 
 
==External links==
 
* {{Official website|http://www.lmax.com/}}
 
 
 
[[Category:Foreign exchange companies]]
 
[[Category:Companies established in 2010]]
 

Latest revision as of 08:36, 9 March 2019

LMAX Exchange Group is a global financial technology company, which operates multiple institutional execution venues for electronic foreign exchange trading (FX trading). The Group's portfolio includes LMAX Exchange (FCA regulated MTF), LMAX Global (FCA regulated Broker) and LMAX Digital, the institutional crypto currency exchange.

Headquartered in London, UK, LMAX Exchange operates a global exchange infrastructure with matching engines in London, New York and Tokyo. The company has regional offices in New York, Chicago, Hong Kong, Singapore, Tokyo and Auckland.

History

LMAX Exchange was launched in 2010 to offer exchange style execution and regulated, rules-based, no ‘last look’ trading environment to all market participants in the foreign exchange market. The key enabler of LMAX Exchange business model is the proprietary technology. LMAX Exchange has open-sourced some components of its technology, including Disruptor concurrency software to support the extremely low latency requirements of its trade processing servers.

In 2014, LMAX Exchange was ranked the fastest growing company in the UK by the Sunday Times TechTrack 100.

LMAX Exchange became the first market participant to commit to FX Global Code and has published TCA (Transaction Cost Analysis) research, outlining the methodology to compare trading costs between firm and last look liquidity.

Today, LMAX Exchange operates 5 institutional exchanges. The latest exchange, LMAX Digital - the institutional exchange for digital currencies, was launched in May 2018.

Business model

LMAX Exchange operates a central limit order book with streaming order driven firm liquidity. Servicing funds, banks, brokerages, asset managers and proprietary trading firms, LMAX Exchange offers an anonymous, regulated and rules-based trading environment with strict price and time priority order execution at ultra-low latency. Clients have access to real-time streaming market and trade data, which enables the control of execution quality and total trading costs.