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is LMAX proper

netkoala
Mar 26 2012 at 08:28
18 posts
LMAX is large % owned by a betting shop and maybe also goldman sachs too, and changed their name to LMAX exchange.
And i see articles around how they use different more efficient matching and clearing model.

But i would if they are a real exchange. The banks to bank feeds seem to be what forex is really about. I wonder if they are CFD's.
That they maybe more like CMC and IGMarkets,

I am still very wary of names such as fxcm, from many years ago. Not saying that their pro account is or isn't good, but that mud sometimes sticks.

Any ideas on this group?

 


www.forexproptrader.com
Mar 26 2012 at 12:27
25 posts
Goldman Sachs is no longer involved there and LMAX is offering an ecn setup. they do offer fx and cfd's.

Dar Verer (mistificator)
Mar 27 2012 at 16:25
453 posts
LMAX is not a market maker in any products. all fx and spot metals are ecn, all cfd are from goldman sachs and the other company

Was mich nicht umbringt, macht mich stärker.
PipGnostic
TheCyclist
Mar 27 2012 at 22:54
724 posts
I wouldn't call them an exchange though, which is what they pitch themselves as. Had a look at them and quite frankly I think Oanda is a better proposition.

tyler (tylerbose)
Mar 30 2012 at 04:42
39 posts
LMAX is owned by betfair ........ maks you think , i personally wouldn't trust a forex broker owned by a gambling company 🙄

fxmtf
Jul 12 2012 at 06:06
6 posts
Hello Everybody!

I am the Partner of LMAX Exchange, I will be answering your questions about LMAX. And I'd be happy to discuss anything regarding LMAX and its products & services.

Please feel free to ask.

Partner LMAX Exchange
PipGnostic
TheCyclist
Jul 12 2012 at 07:15
724 posts
Gawd - 🙄 - all we need, an affiliate telling us whatever we want to hear for a sale.

And how exactly is LMAX an exchange?

James_Bond
Jul 12 2012 at 08:48
556 posts

   TheCyclist posted:
   Gawd - 🙄 - all we need, an affiliate telling us whatever we want to hear for a sale.

And how exactly is LMAX an exchange?


I don't think it's an exchange, but a type of exchange, as says on their website:
'The LMAX Exchange is a neutral execution venue where buyers and sellers meet, show their interest in an instrument by placing orders and where orders are matched according to our efficient, best-execution, institutional style matching rules'.

Notice the 'institutional style' at the end.

PipGnostic
TheCyclist
Jul 12 2012 at 09:18
724 posts
They list companies or they don't, if they don't they're not an exchange. It's a broker. Simple as that. And if they start off by misrepresenting themselves then I have an issue with that.

James_Bond
Jul 12 2012 at 15:05
556 posts

   TheCyclist posted:
   They list companies or they don't, if they don't they're not an exchange. It's a broker. Simple as that. And if they start off by misrepresenting themselves then I have an issue with that.


Yes, I agree. It's like an investment firm which uses the word 'bank' it its name.

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