LMAX Exchange

LMAX Exchange (London Multi Asset Exchange) is the first MTF for FX, regulated by the Financial Conduct Authority. LMAX Exchange operates multiple execution venues: LMAX Professional, LMAX Institutional and LMAX InterBank.

The award-winning LMAX Exchange is the first MTF for FX authorised and regulated by the FCA. Servicing brokers, funds, corporates, asset managers and banks, LMAX Exchange delivers a unique vision for global FX trading - a transparent, neutral, level playing field for all market participants, regardless of status, size or activity levels. 

The LMAX Exchange OPEN order book is driven by streaming, non ‘last look’ limit orders supplied by General Member liquidity providers. LMAX Exchange offers markets in over 65 FX pairs, spot Gold and Silver, with complete pre and post-trade transparency and order execution where no ‘last look’ is standard. Orders are executed in strict price/time priority at an average speed of 4ms. 


Awards 

#1 Fastest Growing Tech Company in the UK – 2014 Sunday Times Tech Track 100 
2015 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards 
2015 Best FX Trading Venue – ECN/MTF – WSL Institutional Trading Awards 
2014 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards 
2014 Best FX Trading Venue – ECN/MTF – WSL Institutional Trading Awards 
2014 Best Infrastructure/Technology Initiative – WSL Institutional Trading Awards 
2013 #15 Fastest Growing Tech Company in the UK – Sunday Times Tech Track 100 
2013 Best Overall Testing Project – The European Software Testing Awards 
2013 Best Margin Sector Platform – Profit & Loss Readers' Choice Awards 
2013 Best FX Trading Venue – ECN/MTF – WSL Institutional Trading Awards 
2013 Best Execution Venue – Forex Magnates Awards 
2011 Best Trading System – Financial Sector Technology Awards 
2011 Innovative Programming Framework – Oracle Duke's Choice Awards

Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2007
Size (employees)
111 (est)+3%
Website
lmax.com
LMAX Exchange was founded in 2007 and is headquartered in London, GB

Key People at LMAX Exchange

David Mercer

David Mercer

CEO
Scott Moffat

Scott Moffat

Chief Operating Officer
Barbara Pozdorovkina

Barbara Pozdorovkina

Head of Corporate Development & Marketing
Patrick Bartle

Patrick Bartle

Global Head of FX Strategy
Karen Gibson

Karen Gibson

Head of HR

LMAX Exchange Office Locations

LMAX Exchange has an office in London
London, GB (HQ)
Yellow Building, 1 A Nicholas Road

LMAX Exchange Data and Metrics

Summary Metrics

Founding Date

2007

LMAX Exchange Financial Metrics

LMAX Exchange's revenue was reported to be £27.7 m in FY, 2016 which is a 20% increase from the previous period.
GBP

Revenue (FY, 2016)

27.7 m

Revenue growth (FY, 2015 - FY, 2016), %

20%

Gross profit (FY, 2016)

20.8 m

Gross profit margin (FY, 2016), %

75%

Net income (FY, 2016)

2.2 m

Cash (31-Dec-2016)

30.3 m
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

18.1 m26.2 m23 m27.7 m

Revenue growth, %

44%(12%)20%

Cost of goods sold

8.9 m9.6 m7.4 m6.9 m

Gross profit

9.2 m16.5 m15.6 m20.8 m

Gross profit Margin, %

51%63%68%75%

Operating expense total

13.3 m15 m17 m19.3 m

Pre tax profit

(4.2 m)1.6 m(1.4 m)1.7 m

Net Income

(3.9 m)1.6 m(1.4 m)2.2 m
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Cash

2.1 m13 m13.5 m30.3 m

Accounts Receivable

84 k391 k285 k599 k

Current Assets

14.3 m32 m29.1 m49.3 m

PP&E

1.5 m3.9 m4.4 m4 m

Goodwill

69 k3.2 m4.4 m4.2 m

Total Assets

15.8 m39.1 m37.9 m57.5 m

Accounts Payable

178 k375 k669 k65 k

Current Liabilities

9.3 m26.7 m26.7 m44.4 m

Total Liabilities

9.3 m26.9 m27 m44.4 m

Retained Earnings

(3.9 m)1.6 m(1.4 m)2.2 m

Total Equity

6.5 m12.2 m10.8 m13.1 m

Financial Leverage

2.4 x3.2 x3.5 x4.4 x
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Cash From Operating Activities

2.4 m13.8 m5.4 m19.8 m

Cash From Financing Activities

(5.1 m)2.6 m(74 k)(50 k)

Income Taxes Paid

257 k(2 k)492 k
GBPY, 2016

Revenue/Employee

257.5 k

Financial Leverage

4.4 x

LMAX Exchange Online and Social Media Presence

LMAX Exchange News and Updates

LMAX Exchange Company Life and Culture

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