.. for sure...
LMax is just a hub that places client orders in the market...most likely every LMax
client order end up somewhere if not matched by Lmax software. Most likely
that some are filled by Dukas from time to time.
Only LMAX LP know those details, the ones that do the accounting at rollover time.
More then sure LMAX has to send/receive money in settlement to Dukas for daily
transactions from time to time. That means some exchange happened between the 2.
Out of curiosity... Anybody knows who does more volume in a daily basis?
J.