LMAX Exchange places first in Tech Track

LMAX Exchange places first in Tech Track

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LMAX Exchange has been ranked first overall in the Sunday Times Tech Track 100 league table, eclipsing its 2013 ranking of 15th, with a remarkable growth of 307.8% in annual revenues.

The open order book, direct and anonymous market access and instantaneous trading on live, streaming limit-orders with no so-called last look delivers conflict free, neutral execution and transparent cost of trade to both, the buy-side and sell-side.

"LMAX Exchange is the disruptive innovator in foreign exchange trading, and through exchange style execution brings complete transparency and a level playing field to the traditionally opaque OTC traded asset class,” said David Mercer, CEO of LMAX Exchange.

“To come top of the Tech Track 100 table is tremendous, unbiased confirmation of the outstanding progress LMAX Exchange has made over the past year in delivering a world class FX exchange. This progress has only been possible through the unparalleled quality of our technology combined with the expertise of our team."

Mercer added that LMAX Exchange technology could be the type of solution regulators seek to bring more transparency to financial markets. He claims it is unique, robust and scalable and currently has the sustained capacity to process 40,000 orders/second, with trades taking less than four milliseconds to execute.

"Our on-going focus on technology innovation uniquely positions us to continue on this growth path, and will make LMAX Exchange a premier global venue for clients looking to lower FX trading costs through accurate price discovery, certainty of execution and the transparency that they demand and we deliver,” said Mercer.

“LMAX Exchange is an outstanding example of UK tech innovation and global leadership. I wish them continued success,” said Hamish Stevenson, the founder and CEO of Fast Track.

Tech Track 100, compiled by Fast Track annually and published by the Sunday Times each September, lists Britain’s 100 fastest-growing private tech companies based on sales growth over the last three years.

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