This is a secondary share sale by LMAX Group employees, with the company not receiving any cash from the transaction.
Paul Ainsworth will report to Patrick Bartle, Managing Director for Americas at LMAX Group and will be based in New York.
Peter Leonidou was LMAX’s most senior Cyprus based employee charged with building up its liquidity provider business with FX brokers.
Olivia Mottershead worked in business development for MT4/MT5 bridging and white label solutions provider PrimeXM in Cyprus.
LMAX Digital is the institutional crypto currency exchange from the LMAX Group, which operates an FCA regulated trading venue.
Conotoxia is based in and operated mainly from Warsaw, Poland, but is licensed in Cyprus via group subsidiary Conotoxia Ltd.
In January LMAX Digital facilitated 8.75 million trades (54% MoM increase), with a total of 1.37 million BTC traded.
LMAX Group agrees new £40 million credit facility with Silicon Valley Bank in order to fund next phase of growth.
FX industry consolidation continued, with FXOpen preparing for Brexit by buying CySEC licensed AMB Prime.
LMAX saw total FX trading volumes of $2.3 trillion in 1H-2020 (or an average of $383 billion monthly), up 33% from H1 2019.