LMAX Exchange, a UK-based non-exchange forex broker and technology provider, reported annual profit of £2.2 billion for 2016, in contrast to a loss of nearly £1.4 billion in the previous year. According to the annual report filed with UK’s Companies House, LMAX’s gross profit amounted to nearly £21 billion and the operating profit stood at almost £1.6 billion. The annual volumes rose 13% over the year, reaching $2.1 trillion. The exchange reported over 5000 active clients who held funds amounting to $150 million. In his strategic report, LMAX’s director David Mercer said that the overall growth was achieved despite ... (full story)