Institutional FX exchange and liquidity provider LMAX Exchange has announced its results for 2017, indicating continued and healthy top and bottom line growth for the company. Although it was not formally announced by the company, we understand that the company's top line Revenues grew by just over 10% in 2017, coming in at £30.5 million (USD…
Read moreLMAX management however does expect a multi-million-pound profit for 2016
Read moreLeapRate Exclusive Interview... The past year has seen its fair share of problems and scandals in both the retail and institutional arms of the FX market. The Swiss Franc spike. Last look abuse. Chat room collusion. Have we all learned something? Are things changing (for the better)? Do we feel more confident about our FX…
Read moreLMAX also set to launch an institutional trading venue with 'no last look', aimed at high frequency traders. In a recent interview with LMAX CEO David Mercer posted on the LMAX website, LMAX reported some very interesting developments in its business. On the volume side of things -- the lifeblood of any forex broker, retail…
Read moreLMAX lost another £4.5 million in the first six months of fiscal '13. LMAX's spinoff to management (backed by ex-Betfair Chairman Ed Wray) was certainly not unexpected, as we had blogged about Betfair's likely exit from LMAX just several days prior. But the value at which it was done, at a company valuation of just £3.6 million, with £2.4…
Read moreNew Betfair CEO taking the axe to many parts of the business. An interesting article in this weekend's Sunday Times speculated that new Betfair CEO Breon Corcoran was going to use the company's half-year results announcement this coming Thursday to outline an overhaul of many parts of the business, and cost cutting measures -- and a…
Read moreLMAX Volumes up 850%, but Revenues only up 14%. (Why??!!).
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