LMAX Group launches Weekend FX service

LMAX Group has launched a Weekend FX service that will enable clients to trade outside of market hours for the first time on institutional grade exchange infrastructure.

First Published by e-Forex News: June, 2020

David Mercer
David Mercer

LMAX Group has launched a Weekend FX service that will enable clients to trade outside of market hours for the first time on institutional grade exchange infrastructure. Weekend FX operates from Friday 17:05 EST to Sunday 17:00 EST, a period when the spot FX market is closed, allowing clients to trade margin FX 24/7. 

Commenting on the launch, David Mercer, CEO of LMAX Group, said: “The last few months have reinforced the common understanding that volatility doesn’t stop on a Friday night and risk events have now extended beyond the working week. As a result, the current trading session doesn’t reflect market participants’ increasing need to access FX liquidity 24/7 in order to exchange risk – this puts significant pressure on the FX market to move with the times and become fully accessible seven days a week.”