 | |
Company type | Privately held company |
|---|---|
| Industry | Foreign Exchange Market |
| Founded | 2010 (2010) |
| Headquarters | , United Kingdom |
| Products | Contract for difference |
| Brands | LMAX Exchange |
| Revenue |  £149.36 million (2024)1 |
| £56.62 million (2024)1 | |
| Total assets | £682.55 million (2024)1 |
| Total equity | £114.53 million (2024)1 |
Number of employees | approximately 250 (2025)2 |
| Website | website |
LMAX Group is a finacial betting company based in London, UK.
History
Betfair and Goldman Sachs set up the LMAX Group in 2010 because Betfair wanted to find other uses for its sports betting software. LMAX enabled its customers to bet on whether a company's share price would go up or down. They referred to these bets as contracts for difference.34
The company also open-sourced some components of its technology, including its Disruptor concurrency software, to support the low latency requirements of its trade processing servers.5
It claims to published a transaction cost analysis (TCA) white paper resulting in the development of FX TCA methodology and analytical tools.
In July 2021, private equity firm JC Flowers agreed to pay US$300 million to acquire a 30% stake in LMAX, bringing the valuation of the Group to $1 billion.6
Subsidiaries
LMAX Exchange operates foreign exchanges and a Financial Conduct Authority (FCA) regulated multilateral trading facility (MTF).78
References
References
- "LMAX 2024 Annual Report" (PDF). Retrieved 20 May 2026.
- "Careers | LMAX Group". LMAX Group. Retrieved 20 May 2026.
- Goodman, Matthew (15 August 2010). "Betfair creates rival to bourse". The Times. Retrieved 4 June 2026.
- "LMAX launches with vow to link investors". Financial Times. 24 October 2010. Retrieved 4 June 2026.
- Fowler, Martin (12 July 2011). "The LMAX Architecture". Retrieved 4 June 2026.
- Szalay, Eva (15 July 2021). "JC Flowers stake in LMAX values currency platform at $1bn". Financial Times. London. Retrieved 3 June 2026.
{{cite web}}: CS1 maint: deprecated archival service (link) - "Vanguard Fed Up With 'Last Look' Practice Pervading Currencies". Bloomberg News. Retrieved 20 April 2016.
- "FX: An exchange-traded future?". Euromoney. Retrieved 14 November 2013.