The independent operator of institutional exchanges for electronic FX trading and crypto currencies, LMAX Exchange Group, just reported excellent growth and record financial performance for the six months to 30th June 2019. Interim Results 2019 - financial highlights: Gross Profit of US$25.8m, up 27% from H1 2018 Statutory EBITDA of US$11.3m, up 50% from H1 2018…
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FCA-regulated FX broker and part of LMAX Exchange Group, LMAX Global, has just announced that CySEC has formally approved its application for a purchase of Cyprus-regulated broker CB Capital Business ltd. Once complete, the deal will allow LMAX Global to build out and better serve its Southern European, Cypriot and Middle Eastern institutional and intermediary…
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LMAX Digital, part of the LMAX Exchange Group, just announced that the volatility over the last few days has seen the exchange hit new highs of over $400m in daily volumes (or over $600m this weekend alone), with May set to surpass April (monthly volumes of $2.2 billion) as the best month for the exchange.…
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LMAX Digital, the institutional crypto currency exchange operated by LMAX Exchange Group, has just announced that it has been granted a license as a Distributed Ledger Technology (DLT) Provider from the Gibraltar Financial Services Commission (GFSC). LeapRate reminds that LMAX Digital was launched in May 2018 as the first institutional crypto currency exchange. The final…
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LMAX Exchange Group just announced that it has appointed Randy Rupan as Head of Liquidity Analysis. Rupan will report to Jeremy Barnes, Global Head of Liquidity Management. Randy Rupan has been in the FX industry for the last 20 years and has extensive experience in developing algorithms and analytics for foreign exchange. Prior to LMAX, he…
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LMAX Exchange Group's 2018 financials report has just gone out, releasing excellent growth and record financial performance for the year ended 31st December 2018. 2018 financial highlights include: Gross Revenues of US$50m, up 27% from 2017 Gross Profit of US$45m, up 35% from 2017 Statutory EBITDA of US$18.6m, up 62% from 2017 Operating Profit of…
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LMAX Digital, the institutional crypto currency exchange operated by LMAX Exchange Group, which operates a leading FCA regulated trading venue and has become one of the leading liquidity providers to FX brokers worldwide, announced that it has received an in-principle decision on the firm’s application for a license as a Distributed Ledger Technology (DLT) Provider from…
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LMAX Exchange Group has announced that it has added two industry veterans to its Asia Pacific business as part of its expansion plans in the region. Jason Huang, who has over 18 years’ experience in the FX industry, has joined as Head of Sales for Asia Pacific, based in the LMAX Exchange Hong Kong office. Prior to…
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LMAX Exchange Group has just informed that it has appointed Himanshu Kher as Group Treasurer. Himanshu began in this newly created role with LMAX Exchange at the start of 2019, having joined the firm from FTSE 250-listed IG Group Holdings plc (LON:IGG), for whom he was also Group Treasurer. Himanshu, who reports to Grant Pomeroy,…
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LMAX Global, the FCA regulated broker for FX and part of the LMAX Exchange Group, has just announced that its global liquidity has been added to the Kx trading platform, Kx for Flow, a technology platform for FX trading. Institutional clients and brokers, using the Kx for Flow trading UI, will now have access to…
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