LMAX was established and is majority owned by Betfair, the world’s leading sports betting exchange. LMAX launched in October 2010 after nearly three years of development. Based in the UK, LMAX is authorised and regulated by the Financial Services Authority as a Multi-Lateral Trading Facility (“MTF”) making it first Europe’s MTF for trading FX and CFD instruments. LMAX enables both private and institutional investors to trade directly on the exchange. Spot FX is an OTC product which means it is decentralized and deregulated. This means that basically any forex broker is a trading venue on its own which ... (full story)