Exclusive: LMAX Launches LMAX Prime PoP Solution and Hong Kong Operational Office

Experiencing growth in its broker solutions, UK regulated multilateral trading facility (MTF), LMAX Exchange, is expanding its offering to include Prime of Prime (PoP) services. Becoming a destination of FX and CFD Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term for brokers, firms with existing prime brokerage accounts have been able to connect to LMAX for their trading needs or via direct margin accounts. The PoP solution now provides a third offering for brokers to access liquidity at LMAX.

Growing in popularity since the 2008/09 global financial crisis triggered a reduction in the ability for smaller firms to receive credit lines for their trading needs at prime brokers, PoPs have been able to carve out a niche to less capital rich companies. Using their own relationship with a larger prime broker and credit lines to major ECNs and exchanges, Prime of Primes then resell those services to their clients.

Called LMAX Prime, the new offering uses a similar model to other PoPs, allowing LMAX customers to both access FX liquidity on their Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, as well as have the ability to receive credit lines to trade at other ECNs or banks.

Separately, LMAX Exchange today announced the opening of a new Hong Kong operational office. According to a company representative, the office will be tasked with assisting in LMAX’s 24 hour technical and operational support, covering Asian market hours. Overall, the LMAX Prime product expansion and Hong Kong expansion point to a continuation of the firm's strong growth experienced in 2013 when revenues rose 285%.