Liquidity Provider - LMAX

Founded in: 2010

Headquarters in: London, United Kingdom

LMAX Exchange operates as a multilateral trading facility (MTF) and price aggregator for forex trading. LMAX Exchange provides an order-driven execution environment for traders to conduct electronic forex trading transactions with low latency.

LMAX Exchange FX Solutions

LMAX provides solutions for retail brokers, hedge funds, corporate clients, asset managers and institutional level traders. LMAX Exchange’s business model is targeted at providing technology driven solutions which provide transparency by determining the true cost of Over-the-Counter forex as well as provide precise and reliable execution for forex trades.

As a Prime Broker/Price Aggregator

LMAX Exchange provides deep forex liquidity and price quotes from the top-tier banks and proprietary trading firms, with an average latency that does not exceed 4ms. LMAX Exchange delivers pre & post-trade transparency by providing an open order book, which is driven by no “last look” limit orders that are provided by institutional liquidity providers and top-tier banks. Trade matching is done on an anonymous basis.

Specialized Interbank FX Services (for banks only)

LMAX InterBank is the execution venue for spot FX transactions, open to banks only. It comes with exclusive membership, has a clear Rulebook with all codes disclosed post-trade. There is complete transparency of trading, with order book updates and trade data published anonymously and in real time. Latency is 0.5ms, providing ultra-fast execution for forex trades.

Other Services

LMAX Exchange also offers advanced trading technology for all categories of market players. LMAX Exchange technology features the following:

  • API technology: Using LMAX’s FIX Protocol, traders can create and automate their own strategies and integrate them into the LMAX system. Risk-free testing on demo is provided.
  • Web trading: Access low latency, anonymous trading from the LMAX web trading interface without the need to download any software. A user manual is provided.
  • Mobile trading: LMAX Exchange offers a variety of apps for the Android™ and iOS® devices, which provide seamless integration with the LMAX Exchange Trading app. This guarantees ultra-low latency exchange, market data and updated market news from a smartphone or tablet device.

As part of the mobile apps, LMAX also offers a market news application known as the LMAX News app. This app provides the latest forex news, FX market data, economic calendar and charts, all in one app.

Another mobile app from LMAX is the LMAX VWAP app. This app gives the trader live forex market data with market depth of up to 20 levels of market depth, along with volume-weighted average prices (VWAP) for all markets offered on the LMAX Exchange. The LMAX VWAP enables traders to switch between trading venues effortlessly.