LMAX Exchange Group separates MTF and broker businesses

On the day that Mifid II goes live, the exchange separates services it offers to comply

A stock exchange screen
LMAX Exchange will cater for institutional investors, while LMAX Global will serve professional traders

Electronic foreign exchange trading venue LMAX has divided its services between a multilateral trading facility for institutional investors compliant with the second Markets in Financial Instruments Directive and a separate broking business geared towards professional traders.

The separation of the two units follows the European Union’s Mifid II regulation coming into effect, which bars an MTF operator from executing client orders against proprietary capital.

As part of the split, LMAX

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: