J.C. Flowers buys 30% stake in LMAX at $1 billion valuation
This is a secondary share sale by LMAX Group employees, with the company not receiving any cash from the transaction.
LMAX News
LMAX hires Paul Ainsworth from Spotex to head Americas institutional sales
Paul Ainsworth will report to Patrick Bartle, Managing Director for Americas at LMAX Group and will be based in New York.
Exclusive: Peter Leonidou leaves LMAX for Exclusive Capital
Exclusive Capital, Peter Leonidou
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Peter Leonidou was LMAX’s most senior Cyprus based employee charged with building up its liquidity provider business with FX brokers.
Exclusive: Olivia Mottershead joins LMAX as International Relationship Manager
Olivia Mottershead worked in business development for MT4/MT5 bridging and white label solutions provider PrimeXM in Cyprus.
LMAX Digital crypto trading volumes slow 21% in February to $48B
crypto exchange, institutional crypto
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LMAX Digital is the institutional crypto currency exchange from the LMAX Group, which operates an FCA regulated trading venue.
LMAX moves Poland FX clients to Conotoxia
Conotoxia, Poland forex broker
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Conotoxia is based in and operated mainly from Warsaw, Poland, but is licensed in Cyprus via group subsidiary Conotoxia Ltd.
LMAX Digital crypto trading volumes hit record $61B in January 2021
crypto exchange, institutional crypto
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In January LMAX Digital facilitated 8.75 million trades (54% MoM increase), with a total of 1.37 million BTC traded.
LMAX doubles loan agreement with SVB to £40M
LMAX Group agrees new £40 million credit facility with Silicon Valley Bank in order to fund next phase of growth.
FX week in review: USGFX CEO out, FXOpen acquires, LMAX and FXCM results
FXOpen, USGFX bankruptcy
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FX industry consolidation continued, with FXOpen preparing for Brexit by buying CySEC licensed AMB Prime.
LMAX reports 5% Revenue decrease in 1H-2020
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.