LMAX eyes electronic FX swaps with FX HedgePool deal
Exchange group will leverage new acquisition’s tech for FX swaps Clob
LMAX Group says its recent acquisition of FX HedgePool can pave the way for the exchange to leverage the platform’s technology and launch a central limit order book (Clob) for foreign exchange swaps.
“Our DNA is building order books across products, and with all the biggest names on the Street we match buyers and sellers. And that’s what we want to do in FX swaps as well,” says David Mercer, chief executive of LMAX Group.
FX HedgePool launched in 2019 as a peer-to-peer venue allowing asset
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