LMAX Group given green light for NDF trading in both Singapore and London
The Monetary Authority of Singapore (MAS) has confirmed that LMAX Exchange Singapore is now a recognised market operator (RMO).
The Monetary Authority of Singapore (MAS) has confirmed that LMAX Exchange Singapore is now a recognised market operator (RMO).
A $300 million minority investment from JC Flowers values FX and crypto trading venue operator LMAX at $1 billion.
David Mercer, CEO of LMAX Group, tells Kiays Khalil that the launch of LMAX’s new weekend currency trading service could lead to 24/7 spot trading within the next five years.
David Mercer, CEO of LMAX Group, says spot FX trading could move to 24/7 trading within five years as the venue launches weekend currency trading service.
Technology aims to address fragmentation and data issues in fixed income and derivatives markets.