Tag: LMAX Digital

LMAX Digital

What Drives a Successful FX Platform?

To read this article in full and watch the video, please register for free Although the recent return of volatility to FX markets has helped the business to new highs, LMAX Exchange recently delivered very strong financial results for 2019. In this video interview Colin Lambert talks to David Mercer, CEO of LMAX Group, about […]

LMAX Exchange Unveils Record Results

LMAX Group has unveiled record profitability and financial performance for the year ended 31 December 2019, reporting that 2019 EBITDA grew by 30% to $26.2 million. With an EBITDA margin of 47%, the firm claims it is one of the most profitable operators of global venues for electronic FX trading. Gross revenues were $59.6m, up […]

In the FICC of It

This week’s podcast starts with a bombshell that leaves Galen Stops reeling and lost for words before he and Colin Lambert get into the details with a look at the results of the first day of the Global FX Committee’s deliberations this week. Lambert highlights one of two challenges he believes the committee face, not […]

Institutional Crypto is Coming

Major financial institutions will move into the crypto space, despite the fact that many of them have avoided it thus far, argues David Mercer, CEO of LMAX Exchange Group, in a new video interview with Profit & Loss. “We’d be kidding ourselves if we said the last 12 months haven’t been static in crypto land,” […]

FX: A Trading or Data Business?

At the recent Forex Network Chicago conference David Mercer, CEO of LMAX Exchange Group, was interviewed by Colin Lambert about the foreign exchange and crypto market landscapes. This is an edited and abridged version of that discussion. Colin Lambert: There is a view out there that FX is no longer a trading business, how do […]

LMAX Digital Hits Volume Milestone

LMAX Digital, a regulated institutional crypto currency exchange and part of the LMAX Exchange Group, has announced it reached record trading volumes during the month of May. A record $5 billion was traded on LMAX Digital in the month, with a record high of over $400 million in daily spot volumes achieved on 12 May […]

The Institutionalisation of Crypto: Patience Required

Institutional investors will start to trade in cryptocurrencies, but the price crash last year has put a hold on their plans. That said, as David Mercer, CEO of LMAX Exchange, which owns the institutional crypto platform LMAX Digital, observes, “All the names you’d expect are looking seriously at crypto.”
LMAX Digital was launched into a bear market, something Mercer wryly suggests is something you wouldn’t choose to do, but he remains optimistic in the long term. “We set up LMAX Digital purely for the institutional space, but at the moment it is probably at one-to-five percent of its potential – it remains largely retail-orientated,” he says

LMAX Digital Unveiled

LMAX Exchange has launched what it says is the first physical cryptocurrency exchange dedicated to serving only institutional clients.
LMAX Digital, which will support bitcoin, ether, litecoin, ripple and bitcoin cash, at the request of existing institutional clients who the firm says desired a credible, efficient and trusted platform on which to trade digital currencies with like-minded institutions.
“We are furthering the legitimisation of the cryptocurrency market by offering institutions a platform on which to acquire, trade and hold cryptocurrencies securely with high quality, deep liquidity,” says David Mercer, CEO of LMAX Exchange.