Exclusive: LMAX Exchange Foresees Multi-Million Profit after 2015 Loss
Posted: Wed Oct 05, 2016 1:23 pm
LMAX Exchange has officially posted its results for 2015 via a UK Companies House filing earlier today. The company posted a £1.3 million loss for 2016 with revenues declining 12 per cent to £23 million.
Commenting exclusively to Finance Magnates, a company spokesperson confirmed that the results of the firm have been affected by reduced credit availability, low volatility, gapping markets and low interest rates following the removal of the Swiss franc peg in January 2015.
“In 2015, LMAX Exchange achieved its main objectives with continued growth in institutional client acquisition and margined client funds, further global expansion, product diversification and futureproofing ... (read more)