LMAX Exchange, the UK’s fastest growing technology company, achieves first full year of profitability following global expansion

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LMAX Exchange, the UK’s fastest growing technology company and the leading FCA regulated MTF for FX, is pleased to announce its first full year of profitability with reported annual net profits of £0.5 million in 2014.

Further 2014 highlights and year-on-year change:

  • Annual trading volumes reached $1.9 trillion, up 73%
  • 2,400 active clients, up 60%
  • Gross revenues of £26.2 million, up 45%
  • Gross profits of £16.5 million, up 80%

Business activity was stronger than ever for LMAX Exchange, despite the all-time low volatility in the FX market for the first nine months of 2014.
The company’s exceptional growth has been widely recognised: LMAX Exchange is ranked the UK’s No.1 Fastest Growing Technology Company in the Sunday Times Tech Track 100 league table and it was selected to join the Future Fifty programme, the exclusive group of 50 leading technology businesses that forms part of the UK Government’s Tech City initiative.
These strong results follow a year of significant investment by the company in growing its sales and operational coverage globally. In 2014, LMAX Exchange has opened offices in the US and Singapore, launched an operations hub in Hong Kong and set up a Tokyo-based matching engine, to provide clients in Asia Pacific with ultra-low latency execution.

In an FX market, increasingly under pressure from global regulators demanding greater transparency, LMAX Exchange remains the first and only venue to offer an exchange style trading model for spot FX, with an open limit order book and streaming firm liquidity as standard.
By leading the industry transformation to transparent, consistent and precise execution, LMAX Exchange is becoming the emerging benchmark for global FX.

Commenting on the year’s activity, David Mercer, CEO of LMAX Exchange said: “We have had a hugely successful year, and achieved strong KPI growth in the face of challenging market conditions, cementing our position as a developing force in global FX trading and on the flourishing UK fintech scene.
“Through our global expansion, at a time when FX trading is under increased scrutiny, we will continue to exert a positive disruptive force on the industry, transforming the opaque FX market place to a completely transparent and level playing field for all market participants globally.
“Our ambition, of course, does not end there and our core focus remains on further expanding our global presence, whilst diversifying our product range to become a leader in global FX.”

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LMAX Exchange – FX trading