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LMAX Exchange Posts Strong 2017 Financial Results
As LMAX Exchange Group (LMAX) reports strong 2017 financial results, its CEO, David Mercer, insists that the firm is well positioned to compete with larger FX platforms that have been acquired by exchange groups. LMAX’s EBITDA was £8.8m, up 58% year-on-year, and it has reported a gross profit of £25.4m, up 22% year-on-year. This is the second consecutive year that the platform has posted significant financial growth – looked at over a two-year period, its annual EBITDA growth is 151%, will on an annual basis gross profits are up 28% and notional volumes are up 20%.

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