London, January 2014 – LMAX Exchange, the first FCA regulated MTF for FX trading, has added ruble (RUB) and offshore renminbi (CNH) currency pairs to its existing list of over 70 traded instruments.
Commenting on these additions, David Mercer, CEO of LMAX Exchange says, “Daily turnover of FX reached $5.3 trillion in 2013, a 35% increase from 2010, and is set to grow in 2014 and beyond. This growth will be driven by emerging markets in 2014, with Asia and Russia being two key markets. For example, the Moscow Exchange recently announced RUB volumes growing 59% year-on-year and reaching a new record high in December 2013.
“These new currencies will greatly enhance our proposition to existing clients and help attract new clients in Asia and Eastern Europe. LMAX Exchange is committed to enabling its clients to capitalise on this growth, with our own monthly trading volumes growing at 250% year-on-year and our client base expanded to 73 countries.”
On LMAX Exchange’s client offering, David Mercer explains, “At LMAX Exchange, we believe that exchange style execution is the most efficient way to trade liquid products, such as spot FX. Our growth to date demonstrates our traction in the marketplace and the benefits of the exchange style execution for every client segment in the market.”
About LMAX Exchange:
The award-winning LMAX Exchange is the first MTF for FX authorised and regulated by the FCA. Servicing brokers, funds, corporates, asset managers and banks, LMAX Exchange delivers a unique vision for global FX trading – a transparent, neutral, level playing field for all market participants, regardless of status, size or activity levels.
The LMAX Exchange OPEN order book is driven by streaming, non ‘last look’ limit orders supplied by General Member liquidity providers. LMAX Exchange offers markets in 65 FX pairs, spot Gold and Silver, with complete pre and post-trade transparency and order execution where no ‘last look’ is standard. Orders are executed in strict price/time priority at an average speed of 4ms. LMAX Exchange has been credited in the marketplace for being the first to have launched a truly exchange-style trading model with order matching based on price/time priority that provides pre-trade anonymity but full post-trade transparency.
FX Industry awards:
- 2013 Ranked #15 Fastest Growing Tech Company in the UK – Sunday Times Tech Track 100
- 2013 Best Overall Testing Project in the Finance Sector – The European Software Testing Awards
- 2013 Best Executing Venue – Forex Magnates Awards 2013 Best Margin Sector Platform – Profit & Loss Readers’ Choice Awards
- 2013 Best FX Trading Platform – ECN/MTF – WSL Institutional Trading Awards
- 2011 Best Trading System – Financial Sector Technology Awards
- 2011 Oracle’s “Duke’s Choice” – Innovative Programming Framework Award
LMAX Exchange – FX execution with optimal precision.
LMAX Limited operates a multilateral trading facility (MTF). Authorised and regulated by the Financial Conduct Authority, FCA Registered no. 509778. www.lmax.com
News: LMAX Exchange Chooses Azul Systems’ Innovative Zing to Further Optimize Execution Performance
8 April 2013 – Azul Systems
Azul Zing JVM deployment marks beginning of a new joint engineering initiative with LMAX Exchange LONDON, UK, and SUNNYVALE, Calif., April 8, 2013 — …
News: Anova Technologies’ RFConnect Wins at Prestigious 12th Annual Chicago Innovations Award
26 November 2013 – Anova Technologies
November 22, 2013 / NEW YORK, CHICAGO, and LONDON / Anova Technologies, the preeminent financial and exchange connectivity provider, was recognized for its RFConnect product a…
News: Cor Financial’s Salerio whitepaper explores the commercial benefits of ‘appropriate’ automation in hedge funds to build institutional infrastructure
12 November 2013 – Salerio
Examining the role that technology can play in helping hedge funds attract new investment. LONDON, 12 November, 2013 – Cor Financial’s Salerio, …
News: S&P; Capital IQ Real-Time Solutions Bolsters Asia Offering Via QuantFEED and QuantLINK for Singapore Exchange
14 January 2014 – S&P; Capital IQ
London, 14 January 2014 – S&P Capital IQ Real-Time Solutions, the global provider of innovative market data services,trading and infrastructure solutions, h…
News: TMX Atrium expands Moscow connectivity to IXcellerate
9 January 2014 – IXcellerate
IXcellerate, Moscow’s premiere carrier neutral data centre operator, today announced connectivity to TMX Atrium, provider of smarter infrastructure solutions for the fin…
News: Asia Expansion Continues as S&P; Capital IQ Real-Time Solutions Extends Services with QuantFEED and QuantLINK for HKEx
9 January 2014 – S&P; Capital IQ
London, 9th January 2013: S&P Capital IQ Real-Time Solutions, the global provider of innovative market data services,trading and infrastructure solutions, h…