Tech City UK Blog

Future Fifty company LMAX Exchange recently announced they have achieved their first full year of profitability, a huge achievement for a company which has already hit many incredible milestones on their journey to success. 

Ranked the no.1 fastest growing technology firm in Britain in 2014 Sunday Times, Tech Track 100, LMAX Exchange is the leading MTF (multilateral trading facility) for FX. Servicing brokers, funds, corporates, asset managers and banks, LMAX Exchange is the emerging benchmark for global FX, enabling clients to trade on an open order book with streaming firm limit order liquidity from the top global financial institutions.

LMAX Exchange operates as a no last-look execution venue, creating a level playing field for all market participants.

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LMAX Exchange recently released its 2014 accounts, which show the first full year of profitability following global expansion, which has seen the company open offices in the US, Singapore and launch an operations hub in Hong Kong – not to mention establishing a Tokyo-based matching engine, to provide clients in Asia Pacific with ultra-low latency execution.

The firm has a trade execution speed of under 200 micro seconds and is a big contributor to the Open Source movement, including sharing one of the key components of its matching engine LMAX Disruptor which is used by many top global banks for improving their trading technology. In addition, LMAX Exchange is one of the key members of the Linux Foundation.

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Previous growth demonstrated initial traction in the market; becoming profitable is a new milestone for the company that positions it solidly as a credible and successful business in the FX industry. It addition, it adds capacity for LMAX Exchange to continue building its global presence.

Here are some other key highlights from 2014 for LMAX Exchange:

  • Annual trading volumes reached $1.9 trillion, up 73%
  • 2,400 active clients, up 60%
  • Gross revenues of £26.2 million, up 45%
  • Gross profits of £16.5 million, up 80%