|
|
LMAX |
|
LMAX is the new platform set to transform retail contracts for difference (CFD) and FX trading.
What is the LMAX CFD Exchange?
LMAX will initially allow customers to trade rolling spot FX contracts and CFDs in equity indices, commodities, bonds and interest rates. Other asset classes will be added to the platform in due course.
LMAX is the first CFD multi-asset trading venue with central clearing which does not take positions against its customers. The platform provides the retail CFD and FX investor with a highly sophisticated but easy-to-use neutral platform that seeks to offer traders a fairer and more transparent alternative to competitors' offerings.
Why LMAX?
The platform is an exchange† that brings together retail and institutional buyers and sellers in a wide variety of financial instruments on a level playing field. Through the exchange, the LMAX platform delivers customers fairness, transparency, neutrality and a more efficient and open way to trade. LMAX also provides its customers with a community that allows them to share ideas, trading strategies and actively contribute in the development of the platform.
How LMAX Works
Chief Executive of LMAX Robin Osmond, commented: "The current broker-led model for online trading of CFDs and FX is outdated and doesn't work to directly benefit the customer as the interests of the parties are not aligned. We are bringing transparency and fairness to the market by providing an exchange platform and a business model that clearly wants its retail traders to be as successful as possible.
"For the first time, retail CFD and FX traders can access an open order book with wholesale institutional liquidity across a wide variety of asset classes with all the protections you would expect. LMAX offers traders the ability to make a market rather than be passive takers of broker prices."
CFD trades are cleared via the clearing house, LCH.Clearnet Ltd. A clearing house sits in the middle of a trade, assuming counterparty risk involved when two parties trade.
The platform has been designed to bring some of the key benefits of institutional trading (such as increased transparency, deeper liquidity and central clearing) to the retail trading market. LMAX is the first Multilateral Trading Facility (MTF) where retail customers can trade CFDs and the first to offer central clearing.
The MTF model and centralised clearing provides the transparency and security that the retail market has lacked and which clients, regulators and the market are increasingly demanding.
LMAX - Neutral
LMAX is a neutral and transparent service as customers can see their orders on an open order book. Traders benefit from the ability to place an order directly onto the platform with no dealer acceptance and no re-quotes. In order to provide high levels of actionable liquidity, sophisticated market makers are providing institutional pricing on the platform.
Retail traders will trade against each other or these institutional liquidity providers. In addition, customers can set or take a price of any given instrument. In essence, retail clients can become market-makers themselves on the LMAX platform.
Osmond added: "Using LMAX, traders are able to make their own price rather than being restricted to just taking prices. We have a very different model from anyone else in the market and believe that customers will find this extremely attractive. We are a multi-lateral trading facility, and the market participants, both retail and institutional, determine our prices. LMAX brings the benefits and efficiencies of institutional exchange trading to the retail market and this is long overdue."
† LMAX is a Multi-Lateral Trading Facility ("MTF") as defined in the Markets in Financial Instruments Directive ("MiFID")
Contracts for Difference (CFDs), margined forex and financial spread trading are leveraged products and may not be suitable for everyone. Losses can exceed your initial deposit. Please ensure that you fully understand the risks involved and seek independent financial advice where necessary.
LMAX, last edited by F. Lawson , 17-Nov-11.
For related articles please see:
TD Waterhouse CFDs - last update: 08-September-2011
A TD Waterhouse CFDs trading account offers a number of advantages and lets you trade a wide range of international markets including individual shares, forex, stock market indices and commodities. If you open a TD Waterhouse CFDs account you can - read more - TD Waterhouse CFDs.
Paddypowertrader CFDs - last update: 16-November-2011
Paddypowertrader CFDs: With Paddypowertrader you can now trade both CFD and financial spread trading markets from one account. With more than 2,500 markets investors can - read more - Paddypowertrader CFDs.
LMAX - last update: 17-November-2011
The LMAX CFD Exchange: The LMAX platform offers tight pricing. LMAX is the first CFD multi-asset trading venue with central clearing which does not take positions against customers. The CFD exchange - read more - LMAX.
LMAX Platform - last update: 17-November-2011
LMAX was established by Betfair, the world's leading sports betting exchange in 2007, to enter the market for online retail financial trading and the - read more - LMAX Platform.
LMAX - Mobile Trading App - last update: 08-September-2011
LMAX, the retail FX and contracts for difference trading site has released its first mobile app, 'LMAX Trader'. LMAX provides the retail FX and CFD investor with a highly sophisticated but easy to use - read more - LMAX - Mobile Trading App.
GFT - last update: 09-April-2012
With GFT you can trade CFDs on a wide range of international markets. There are also tight spreads and 24 hour CFD trading. GFT offer more than 2,900 markets are - read more - GFT.
Binary CFDs - last update: 18-November-2011
Binary CFDs: GFT now offer more than 6,000 binary CFD trades. From 5 minute to daily markets on popular indices, forex and commodities. Binary CFDs includes up/down, ladders, one-touch and - read more - Binary CFDs.
Guardian CFDs - last update: 20-September-2011
Guardian Stockbrokers is a privately owned, independent firm of stockbrokers based in The City. We pride ourselves on our relationships with our clients and welcome you to visit our office for a - read more - Guardian CFDs.
|
|
|
Warning: Contracts for Difference (CFDs), margined forex and financial spread trading are leveraged products and may not be suitable for everyone. Losses can exceed your initial deposit. Please ensure that you fully understand the risks involved and seek independent financial advice where necessary.
The contents of this website are for information purposes only and not intended as a recommendation to trade nor does the content constitute investment advice. All reasonable efforts have been made to present accurate information. Neither CFDs-Online.com nor any contributing company or individual accepts any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
* Tax law is subject to change. It can also differ if you pay tax in a jurisdiction other than the UK.
|
|
