London based institutional FX and digital assets trading venue operator LMAX Group has indicated that it has successfully completed its previously announced acquisition of the FX business of Cürex, a New York City‐based institutional foreign exchange execution services and data analytics company. The company said that the combination of LMAX Group and Cürex brings together the distribution scale and technical capabilities of both businesses to create a stronger, more diversified, firm liquidity, institutional FX offering for clients to include execution venues, precise market data and trade analytics.

The acquisition is part of LMAX Group’s international growth strategy, consolidating its industry position to build the leading institutional FX exchange. The company is uniquely positioned in both FX and digital assets with strong long-term growth potential.

David Mercer, CEO, LMAX Group, said:

“We are pleased to complete this acquisition, which represents a new chapter for Cürex, and we welcome the team and its valued clients to LMAX Group. We remain focused on broadening market access for our clients by continuing to drive efficiencies and invest in our distribution capabilities, product diversification and trading functionality. By consolidating our industry position together with Cürex we continue to build the leading, global institutional FX exchange and create a stronger, firm FX liquidity offering for our clients.”