LMAX: bringing a neutral and transparent service to Retail FX

e-Forex talks to Robin Osmond, CEO of LMAX, the first Multilateral Trading Facility (MTF) for Retail Contracts for Difference (CFD) and FX trading

First Published: e-Forex Magazine 42 / Retail e-FX Client / January, 2011

Robin, how does the LMAX trading model work? LMAX operates an exchange model, an MTF to be precise, that brings retail and institutional traders together across a wide variety of financial instruments so they can trade on a more level playing field.  It is a completely neutral service – an open platform with no dealer acceptance, no hedging of client positions and no re-quotes. We do not trade against our clients. Instead, we bring buyers and sellers together directly without brokers and other middle men taking their cut.  Traders are able to make their own price rather than being restricted to passively taking prices.  The platform has been designed to bring the benefits and efficiencies of institutional exchange trading to the retail market. What instruments can be traded on this Multilateral Trading Facility (MTF)? LMAX allows customers to trade rolling spot FX contracts and CFDs in equity indices, commodities, bonds and interest rates, with other asset classes to be added to...continued

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