LMAX Exchange Group Launches Cryptocurrency Exchange For Institutional Clients In The UK
LMAX Exchange Group is the holding company of LMAX Limited and LMAX Broker Limited. LMAX Exchange is a trading name of LMAX Limited, which operates a multilateral trading facility, authorized and regulated by the Financial Conduct Authority and is a company registered in England and Wales. It is a global, award-winning financial technology company which operates one global marketplace for FX ensuring fair play and transparency for all market participants.
LMAX Exchange Group brings crypto currencies to the mainstream with institutional-only exchange, LMAX Digital – visit https://t.co/BSoEoQaz5B @mercerdavid @LMAX press release https://t.co/cTJNq82z2a pic.twitter.com/twt0J8xA8P
— LMAX Exchange (@LMAX) May 21, 2018
David Mercer, CEO of LMAX Exchange announced ” We are furthering the legitimization of the cryptocurrency market by offering institutions a platform on which to acquire, trade and hold cryptocurrencies securely with high quality, deep liquidity,” LMAX Exchange designed and developed LMAX Digital due to umpteen requests by the institutional clients who craved for a trustworthy and efficient platform dedicated for institutional businesses.
LMAX Digital would offer the most liquid and established cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash. Trading facilities would be available 24 hours a day and seven days a week. The platform will be governed by rules laid down by FCA to ensure a high degree of compliance. The operation of the exchange would ensure KYC and anti-money laundering procedures to thwart fraud and illegal activities.
The platform has some striking differentiators. It has one public rulebook for all members. It offers full custodian solution to its clients.LMAX Digital presents central limit order book with streaming and institution liquidity. It guarantees superior exchange performance and uptime by 100%. The Chief Executive Officer of LMAX believes that the group has set the positioning of LMAX Digital right by closing the gap in the institutional market. He pointed out that the group has institutional clients in more than 100 countries and more than 10 trillion of FIAT has been traded on LMAX exchanges.
He concludes by saying,” Further to the launch of LMAX Digital in our London-based data center (LD4) and true to our ambition of becoming the leading exchange in capital markets, we intend to roll out LMAX Digital exchange infrastructure in New York and Tokyo in the near future, to meet demand from our clients globally.”
Image via LMAX Group Twitter Page
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