LMAX Exchange Group separates MTF and broker businesses

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

Mikael Latreille
04 Jan 2018

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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

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