LMAX Group Strengthens FX Offerings With FX HedgePool Purchase

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LMAX Group has announced that it has purchased FX HedgePool, an institutional swap matching service, marking its entry into the FX swaps market. The acquisition aims to expand LMAX’s offerings in the foreign exchange sector, although the financial terms of the deal remain undisclosed.

This acquisition comes just a year after LMAX Group purchased the FX business of Cürex, a New York-based company specializing in institutional foreign exchange execution and data analytics. With the addition of FX HedgePool, LMAX continues its strategy of enhancing its capabilities within the FX and digital assets space.

The Company Plans To Create A Global Market For Multiple Assets

LMAX Group’s Chief Executive Officer, David Mercer, shared that the company’s recent purchase of FX HedgePool will help the firm grow and reach more customers worldwide. He explained that the deal will give LMAX Group’s clients access to a bigger range of products and better global coverage.

Mercer also stated that, just like LMAX Group’s last acquisition of Cürex, this move strengthens LMAX’s offerings for asset managers and other buyers. At the same time, LMAX will continue to serve its main customers, which include banks, brokers, and trading firms.

FX HedgePool is well-known in the FX swaps and forward market. It has strong connections with both buyers and sellers. LMAX believes these relationships will fit well with its current group of customers, giving them even more services to choose from.

In an official announcement, LMAX highlighted that this acquisition is a key part of its plan to create a global market for different assets.

LMAX also pointed out that FX swaps are the most traded product in the foreign exchange market, making up more than half of daily trading. Each day, around $3.8 trillion of FX swaps are traded. By adding FX swaps to its list of services, LMAX is working to become an even bigger player in the market.

LMAX Aims To Be A Leading Platform For Institutional FX And Digital Asset Trading

Jay Moore, Chief Executive Officer and Founder of FX HedgePool, said this purchase is a big moment for his company and its clients. He added that the partnership with LMAX will allow FX HedgePool to create new and better solutions for modern trading.

Moore praised the partnership, saying that both companies are focused on offering products that are transparent, fair, and efficient.

This acquisition is expected to bring big benefits to both LMAX and its clients, further strengthening the company’s position in the global FX market.

By adding FX swaps to its services, LMAX is taking steps towards becoming a leading platform for institutional FX and digital asset trading. This move also shows LMAX’s commitment to innovation, making trading easier and offering more options for its global customers.

About Ali Raza PRO INVESTOR

Ali is a professional journalist with experience in Web3 journalism and marketing. Ali holds a Master's degree in Finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of leading cryptocurrency publications including Capital.com, CryptoSlate, Securities.io, Invezz.com, Business2Community, BeinCrypto, and more.