LMAX Digital Sees a 257% YoY Rise in Total Volumes during October 2021

LMAX Digital, a well-known independent operator of institutional Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term venues for FX and cryptocurrency trading, released its KPIs monthly update for October 2021 on Monday, noticing a strong spike in its total volumes. According to the report, the figure was $38 billion, which was up 257% on a yearly basis, while total trades were 5,070,174, which is an increase of 93% compared to the same period last year.

In terms of total Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term (BTC) equivalent traded, LMAX Digital reported 663,164 coins. Monthly volumes in ETH/USD were $11,563 million during the period, having a total of $38,311. Moreover, total year-to-date volumes accounted for $452 billion, the report noted. As of daily traded volumes, LMAX said $890 million was traded during October 31, 2021.

The average trade size per instrument’s statistics unveiled that ETH/USD was $6,961, while BTC/USD was $14,151 last month. Overall, hedge funds had a market share in the total monthly volumes of $11,051 million, while brokers had $3,986 million, LMAX reported on its KPIs monthly update. The category of others accounted for $3,321 million.

Recent LMAX Announcements

Recently, LMAX appointed Andreas Wigstrom to the newly created role of Managing Director for LMAX Global. Wigstrom joined LMAX Group in 2010. The newly appointed Managing Director of LMAX Global has more than two decades of experience in global financial markets. In the last decade, Wigstrom played an important role in the growth of LMAX in EMEA and Japan. In addition, Wigstrom delivered significant results during the mentioned period in terms of client onboarding and retention.

Also, in July, LMAX announced that it signed a definitive agreement to sell a 30% stake in the company to the US-based leading private investment firm, J.C. Flowers, for a total cash consideration of $300 million. The partnership between the two companies will accelerate LMAX Group’s growth and innovation. Furthermore, LMAX mentioned that the collaboration will facilitate its expansion in the foreign exchange (FX) and cryptocurrency market globally, particularly in the growing markets of Asia and the US.