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LMAX Group
David Mercer leads LMAX Group, an exchange operator with matching engines in London, New York, Tokyo and Singapore offering institutional FX and crypto...
LMAX Group
LMAX Group is a global, high-growth, award-winning financial technology company. We operate one global marketplace for FX – enabling transparency, open access and a level playing field for all market participants.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
Yellow Building, 1A Nicholas Road, London W11 4AN, United Kingdom
Additional offices
New York, United States · Tokyo, Japan · Singapore
Principals
David Mercer
CEO
Sector focus
Frequently asked questions
What is the 'no last look' policy at LMAX Group?
LMAX Group does not apply 'last look' to order execution, meaning liquidity providers cannot reject a trade after a client places it against their streamed price. This contrasts with many traditional FX venues where a holding period allows providers to reject orders. The policy applies across LMAX Exchange, LMAX Global and indirectly defines the firm's positioning for transparent execution.
How is LMAX Group regulated?
LMAX Group operates multiple regulated entities. LMAX Exchange is a multilateral trading facility (MTF) authorized by the UK Financial Conduct Authority (FCA) and a recognized market operator (RMO) regulated by the Monetary Authority of Singapore (MAS). LMAX Global is authorized and regulated by the FCA.
What digital assets are available through LMAX Digital?
LMAX Digital lists Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), XRP, Solana (SOL), Pyth Network (PYTH), Chainlink (LINK), Uniswap (UNI), Aave (AAVE), Dogecoin (DOGE) and Ripple USD (RLUSD). These can be traded and held by institutional clients.
Does LMAX Group operate any matching engines outside London?
Yes. LMAX Group's ultra-low latency matching engines are located in London (primary), New York, Tokyo and Singapore. This distributed architecture reduces latency for institutional traders across Europe, North America and Asia-Pacific.
What is the difference between LMAX Exchange and LMAX Global?
LMAX Exchange is an institutional FX exchange that operates a central limit order book (CLOB) with firm liquidity from top-tier banks and non-bank institutions. LMAX Global is a regulated broker providing access to institutional FX liquidity as well as metals and commodities for professional traders and retail brokers. Both operate under the LMAX Group umbrella.
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