The global fintech company, headquartered in London, already has a prestigious client base featuring many of the world’s top global banks. CEO, David Mercer said bringing Cürex on board wasn’t a difficult decision due to the symmetry of the two party’s ambitions. He stated:
Cürex and LMAX Group share a common ethos of delivering transparent price discovery and efficient market structure through firm liquidity and no Last Look’ execution
Cürex has established itself as an FX heavyweight since its inception 14 years ago. A comprehensive ECN portfolio is one of Curex’s most valuable assets. It has several unique features, including a peer to peer matching pool as well as AI-powered analytics for pre-trades and post-trades. The list of clients, both buy-side and bank, is growing.
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LMAX Group hopes that the merger will help it expand in the US, where better technical capabilities are key to attracting and retaining clients. Cürex CEO, James Singleton is also delighted with the news. He said LMAX Group’s acquisition came at the right time for the business as it looks to start a new phase of growth.