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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 the drivers of those results as well as what it will take to maintain this momentum and build on the growth.
In the interview, Mercer stresses the benefits of both a diversified customer base and business model, and discussing the keys to maintaining these, he says, “It is increased diversity. I have three business lines within the group – back in the day I had one. LMAX Group is the broker business, LMAX Exchange is the venue, institutional business, and LMAX Digital, which is obviously the crypto business.
“We are looking at where we want to build and how we want to take our current successful strategy and leverage it,” he says. “Our institutional volumes more than doubled last year…that was a new revenue stream for the business, and we want to do better in all geographical areas.”