LMAX Professional Conditions

LMAX Professional Conditions

LMAX Exchange is the first FCA regulated MTF for FX, LMAX Exchange operates several execution venues, including LMAX Professional, LMAX Institutional and LMAX InterBank. Servicing brokers, funds, corporates, asset managers and banks, LMAX Exchange delivers a unique vision for global FX trading – a transparent, neutral, level playing field for all market participants, regardless of status, size or activity levels.

LMAX Exchange delivers conflict free, neutral execution and transparent cost of trade to both, the buy-side and sell-side. LMAX Exchange is not a market-maker, and unlike some ECNs, the open order book is driven by streaming, non ‘last look’ limit orders supplied by top tier banks and institutional liquidity providers.

MTF is defined under MiFID, a European financial law, as "a multilateral system, operated by an investment firm or a market operator, which brings together multiple third-party buying and selling interests in financial instruments - in the system and in accordance with non-discretionary rules - in a way that results in a contract in accordance with the provisions of Title II of MiFID"

MiFID lays out a number of obligations for an MTF:

    • It must be pre-trade transparent (subject to certain exceptions);
    • It must be post-trade transparent (deals published as close to real time as possible);
    • Prices and charges must be public and applied consistently across all members;
    • There must be a Rulebook advising how system works and how to apply for membership.
LMAX MTF Structure

MTFs have been described as a form of "exchange lite" because they provide similar or competing trading services and have similar structures, such as rulebooks and market surveillance departments. Most Exchanges operate in equity and futures markets offering additional services such as listings and exchange central clearing.

The main difference is that MTFs do not have a listing process for securities or offer central clearing services.

The definition of an MTF by MiFID broadly fits with the SEC's definition of an Exchange, which is "any organization, association, or group of persons that: (1) brings together the orders of multiple buyers and sellers; and (2) uses established, nondiscretionary methods (whether by providing a trading facility or by setting rules) under which such orders interact with each other, and the buyers and sellers entering such orders agree to the terms of a trade".

ECNs, are electronic trading systems that automatically match buy and sell orders at specified prices. Most ECNs register with the SEC, in the USA, as broker-dealers. ECN’s exist for different asset classes including equities e.g. Nasdaq market, and currencies. The ECN charges fees by either charging commission on trades or by adjusting order prices.

LMAX Exchange runs multiple order books (LMAX Professional, LMAX Institutional and LMAX Interbank) with binding limit orders. There's no ‘last-look’ by price providers, no opportunity to requote, no spreading of prices to cover fees, and no routing around a network of possible counterparties to find a price. LMAX Exchange charges commission on traded volume, as all Orders are matched at submitted prices. As a result, a client’s ability to hit an advertised price is only constrained by competition from other clients, offering reliable and consistent order execution.

There's nothing to stop an ECN from operating in the exactly same way as LMAX Exchange, but many ECNs do offer price routing, ‘last-look’, price adjustment, adding a degree of unpredictability to order execution. The regulatory constraints on an ECN are also less clear because it depends on what exemptions they've agreed and what level of market share they've acquired. There's much less negotiation around the regulatory requirements for an MTF.

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Commissions

InstrumentCommisions

FX and Commodities spot

All crosses 0.0025% of the notional traded in
the second-named currency

Indices

AUD contracts 0.20 AUD per contracts
GBP contracts 0.25 GBP per contracts
EUR contracts 0.30 EUR per contracts
USD contracts 0.40 USD per contracts
JPY contracts 40 JPY per contracts

Commissions will be charged by the position opening and closing as well.

Commission calculation example for 10 contract EURUSD buy at 1.38000:

  • 1 contract EURUSD = 10,000 EURUSD
  • 10 contracts = 100,000 EURUSD
  • Notional value in the second-named currency: 100,000 × 1.38000 = 138,000 USD
  • Commission: 138,000 USD × 0.0025% = 3.45 USD

Financing charges

If you have a trade open overnight in a non-expiry CFD (i.e. a CFD that does not have a fixed future expiry date) you will be charged with a financing charge on a long position and you will be normally paid with a financing charge on a short position. The financing charge will be applied to your account each and every day that you have an open trade (including on weekends and on public holidays in England).

The financing charge is calculated as follows:

F = V × I / b where:

F = Financing charge
V = notional value of your trade (quantity x contract size x end of day closing mid price)
I = applicable Financing Rate
b = day basis for currency (quoted as the first currency in the pair -365 for GBP, HKD, AUD and NZD,
360 for all other currencies)

The Financing Rates that are applied are outlined in the table below. The Financing Rates are, however, subject to change and changes in the Financing Rates will be notified to you.

InstrumentReference rateLong FinancingShort Financing
UK instruments 1 month Libor +1.5% -1.5%
Euro instrument 1 month EUR Libor +1.5% -1.5%
US instruments 1 month US Libor +1.5% -1.5%

There may be instances when a financing charge is charged on short positions, rather than paid to you. This may occur if a reference rate used to calculate the financing charge is at an exceptionally low rate.

As explained above, the notional value of your trade for the purposes of calculating the financing charge is calculated using the end of day closing mid price. The closing mid price will be calculated at the end of the day from the average trusted bid and ask prices on the MTF in the last few minutes of the trading session.

Example of Financing on a CFD

You are long 10 contracts in UK 100 CFD overnight where the closing price of the instrument is 5265.0 - 5267.0. The closing mid price is 5266.0. The LIBOR rate that day is 0.725%. Your financing charge would be:

Financing = Notional value of your trade x financing rate / day basis for currency = 52660 × (0.725% + 1.5%) / 365 = £3.21

That means that you would be charged £3.21 for holding 10 long contracts overnight.
If you were to hold a short position in the same instrument overnight your financing would be calculated as:

Financing = Notional value x financing rate / day basis for currency = 52660 × (0.725% - 1.5%) / 365 = £1.12

Even though you are holding a short position you will be charged £1.12 overnight as LIBOR is at a very low rate.

The financing charge for a Rolling Spot FX reflects the relative interest rates of the two currencies comprising your open trade plus a premium dependent on market conditions and including a LMAX charge. When a position is held overnight night, LMAX Exchange will apply a financing entry to your account. This may be a debit or credit entry depending on the contributing factors outlined above, namely relative interest rates and LMAX premium.

Spot FX trades settle on a T+2 basis, with the exception of USD/CAD, USD/TRY, EUR/RUB and USD/RUB which settle on a T+1 basis. If a Rolling Spot FX position is held through the market roll over (17:00 NY for all FX pairs except NZD pairs which roll at 07:00 Auckland), your account will be credited or debited with a financing charge. You will be credited or debited your 3-day (weekend) roll based on your open positions at the market close on Wednesday for all T+2 pairs and based on your open positions at the market close on Thursday for all T+1 pairs. In the event of a Bank Holiday in one of the currencies, your position will be rolled an additional day to reflect the bank holiday(s). The financing debit or credit on your account will always be in the second named currency.

Swap charges are quoted in swap points. A negative swap point if you are net long the FX pair will result in your account being credited, and you will receive funding. A positive swap point charge when long will result in your account being debited and you will pay funding.

If your position is net short, then a negative swap point charge will result in your account being debited and you will pay funding and a positive swap point will result in your account being credited, and you will receive funding.

How to calculate financing charge

To calculate the overnight financing event, the following equation can be used:

F = V × R × D where:

F = Financing Credit/Debit.
V = Notional value of your open position in the front currency (quantity x contract size).
R = Swap Point.
D = Number of days the position is rolled.

Example of financing on an FX contract

You are short 10 contracts of EUR/USD overnight. The position is rolled for 1 day.

The cost of holding the position overnight is:

V = 10 × 10,000 = 100,000
R = 0.000003
D = 1 day

Financing event: Credit = 100,000 × 0.000003 × 1 = $0.30

This means that a credit of $0.30 will be applied to your account at market close.

No separate financing charge is applied on CFDs based off futures prices which have a fixed expiry date.

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LMAX Exchange Professional instrument information schedule

Updated on 15th Januar 2017

Latest instrument information* (please, see below the table)

 

Instrument NameContract MultiplierTick SizeTick ValueQuoted CCYMarginLeverageMin positionMax positionTrading Hours in London TimeTrading Days in London Time

FX Majors

EUR/USD 10000 0,00001 0,1 USD 1,00% 100,00 0,1 2 920 22:05-22:00 Sunday-Friday
USD/JPY 10000 0,001 10 JPY 1,00% 100,00 0,1 4 000 22:05-22:00 Sunday-Friday
GBP/USD 10000 0,00001 0,1 USD 1,00% 100,00 0,1 2 340 22:05-22:00 Sunday-Friday
USD/CHF 10000 0,00001 0,1 CHF 10,00% 10,00 0,1 1 000 22:05-22:00 Sunday-Friday
USD/CAD 10000 0,00001 0,1 CAD 1,00% 100,00 0,1 4 000 22:05-22:00 Sunday-Friday
AUD/USD 10000 0,00001 0,1 USD 1,00% 100,00 0,1 4 220 22:05-22:00 Sunday-Friday
NZD/USD 10000 0,00001 0,1 USD 1,50% 66,67 0,1 4 570 22:05-22:00 Sunday-Friday

Indices

UK 100 1 0,1 0,1 GBP 1,50% 66,67 1 1 300 22:05-22:00 Sunday-Friday
Wall Street 30 1 1 1 USD 1,50% 66,67 1 890 22:05-22:00 Sunday-Friday
Wall Street 30 (Mini) 0,1 1 0,1 USD 1,00% 100,00 1 600 22:05-22:00 Sunday-Friday
US SPX 500 25 0,1 2,5 USD 1,50% 66,67 1 310 22:05-22:00 Sunday-Friday
US SPX 500 (Mini) 10 0,1 1 USD 1,00% 100,00 1 125 22:05-22:00 Sunday-Friday
US Tech 100 10 0,1 1 USD 2,00% 50,00 1 390 22:05-22:00 Sunday-Friday
US Tech 100 (Mini) 1 0,1 0,1 USD 1,00% 100,00 1 220 22:05-22:00 Sunday-Friday
Germany 30 2,5 0,1 0,25 EUR 1,50% 66,67 1 450 7:00-21:00 Monday-Friday
Germany 30 (Mini) 1 0,1 0,1 EUR 1,00% 100,00 1 225 7:00-21:00 Monday-Friday
France 40 1 0,1 0,1 EUR 2,00% 50,00 1 2 480 22:05-22:00 Sunday-Friday
Europe 50 1 0,1 0,1 EUR 2,00% 50,00 1 3 390 22:05-22:00 Sunday-Friday
Australia 200 1 0,1 0,1 AUD 2,00% 50,00 1 2 950 22:05-22:00 Sunday-Friday
Japan 225 100 1 100 JPY 2,00% 50,00 1 1 000 22:05-22:00 Sunday-Friday

Commodity

Gold (Spot) 10 0,01 0,1 USD 1,00% 100,00 1 1 880 23:00-22:00 Sunday-Friday
Silver (Spot) 500 0,001 0,5 USD 3,00% 33,33 1 2 380 23:00-22:00 Sunday-Friday
XAU/EUR 10 0,01 0,1 EUR 1,00% 100,00 1 1 920 23:00-22:00 Sunday-Friday
XAU/AUD 10 0,01 0,1 AUD 2,00% 50,00 1 1 880 23:00-22:00 Sunday-Friday
XAG/AUD 500 0,001 0,5 AUD 3,00% 33,33 1 2 380 23:00-22:00 Sunday-Friday
XPT/USD 5 0,01 0,05 USD 5,00% 20,00 1 2 020 23:00-22:00 Sunday-Friday
XPD/USD 10 0,01 0,1 USD 5,00% 20,00 1 1 780 23:00-22:00 Sunday-Friday
US Crude (Spot) 100 0,01 1 USD 2,00% 50,00 0,1 1 430 23:00-22:00 Sunday-Friday
UK Brent (Spot) 100 0,01 1 USD 2,00% 50,00 0,1 1 340 1:00-22:00 Monday-Friday
US Natural Gas (Spot) 1000 0,001 1 USD 4,00% 25,00 1 800 23:00-22:00 Sunday-Friday

FX Minors & Exotics

AUD/CAD 10000 0,00001 0,1 CAD 1,00% 100,00 0,1 4 220 22:05-22:00 Sunday-Friday
AUD/CHF 10000 0,00001 0,1 CHF 5,00% 20,00 0,1 1 070 22:05-22:00 Sunday-Friday
AUD/JPY 10000 0,001 10 JPY 1,50% 66,67 0,1 4 240 22:05-22:00 Sunday-Friday
AUD/NZD 10000 0,00001 0,1 NZD 1,50% 66,67 0,1 4 240 22:05-22:00 Sunday-Friday
CAD/CHF 10000 0,00001 0,1 CHF 5,00% 20,00 0,1 1 090 22:05-22:00 Sunday-Friday
CAD/JPY 10000 0,001 10 JPY 1,50% 66,67 0,1 4 270 22:05-22:00 Sunday-Friday
CHF/JPY 10000 0,001 10 JPY 5,00% 20,00 0,1 918 22:05-22:00 Sunday-Friday
EUR/AUD 10000 0,00001 0,1 AUD 1,50% 66,67 0,1 2 920 22:05-22:00 Sunday-Friday
EUR/CAD 10000 0,00001 0,1 CAD 1,00% 100,00 0,1 2 920 22:05-22:00 Sunday-Friday
EUR/CHF 10000 0,00001 0,1 CHF 10,00% 10,00 0,1 760 22:05-22:00 Sunday-Friday
EUR/CZK 10000 0,0001 1 CZK 2,00% 50,00 0,1 1 830 22:05-22:00 Sunday-Friday
EUR/DKK 10000 0,00001 0,1 DKK 10,00% 10,00 0,1 1 830 22:05-22:00 Sunday-Friday
EUR/GBP 10000 0,00001 0,1 GBP 1,00% 100,00 0,1 2 920 22:05-22:00 Sunday-Friday
EUR/HKD 10000 0,00001 0,1 HKD 2,00% 50,00 0,1 1 830 22:05-22:00 Sunday-Friday
EUR/HUF 10000 0,001 10 HUF 3,00% 33,33 0,1 1 820 22:05-22:00 Sunday-Friday
EUR/JPY 10000 0,001 10 JPY 1,00% 100,00 0,1 2 920 22:05-22:00 Sunday-Friday
EUR/MXN 10000 0,00001 0,1 MXN 3,00% 33,33 0,1 1 830 22:05-22:00 Sunday-Friday
EUR/NOK 10000 0,00001 0,1 NOK 1,50% 66,67 0,1 1 830 22:05-22:00 Sunday-Friday
EUR/NZD 10000 0,00001 0,1 NZD 2,00% 50,00 0,1 2 920 22:05-22:00 Sunday-Friday
EUR/PLN 10000 0,00001 0,1 PLN 2,00% 50,00 0,1 1 830 22:05-22:00 Sunday-Friday
EUR/RUB 10000 0,00001 0,1 RUB 5,00% 20,00 0,1 450 7:30-22:00 Monday-Friday
EUR/SEK 10000 0,00001 0,1 SEK 1,50% 66,67 0,1 1 830 22:05-22:00 Sunday-Friday
EUR/SGD 10000 0,00001 0,1 SGD 10,00% 10,00 0,1 1 830 22:05-22:00 Sunday-Friday
EUR/TRY 10000 0,00001 0,1 TRY 1,50% 66,67 0,1 1 830 22:05-22:00 Sunday-Friday
EUR/ZAR 10000 0,00001 0,1 ZAR 2,00% 50,00 0,1 1 830 22:05-22:00 Sunday-Friday
GBP/AUD 10000 0,00001 0,1 AUD 1,50% 66,67 0,1 2 340 22:05-22:00 Sunday-Friday
GBP/CAD 10000 0,00001 0,1 CAD 1,00% 100,00 0,1 2 340 22:05-22:00 Sunday-Friday
GBP/CHF 10000 0,00001 0,1 CHF 5,00% 20,00 0,1 608 22:05-22:00 Sunday-Friday
GBP/CZK 10000 0,0001 1 CZK 2,00% 50,00 0,1 1 460 22:05-22:00 Sunday-Friday
GBP/DKK 10000 0,00001 0,1 DKK 10,00% 10,00 0,1 1 460 22:05-22:00 Sunday-Friday
GBP/HKD 10000 0,00001 0,1 HKD 2,00% 50,00 0,1 1 460 22:05-22:00 Sunday-Friday
GBP/HUF 10000 0,001 10 HUF 3,00% 33,33 0,1 1 460 22:05-22:00 Sunday-Friday
GBP/JPY 10000 0,001 10 JPY 1,50% 66,67 0,1 2 340 22:05-22:00 Sunday-Friday
GBP/MXN 10000 0,00001 0,1 MXN 3,00% 33,33 0,1 1 460 22:05-22:00 Sunday-Friday
GBP/NOK 10000 0,00001 0,1 NOK 1,50% 66,67 0,1 1 460 22:05-22:00 Sunday-Friday
GBP/NZD 10000 0,00001 0,1 NZD 2,00% 50,00 0,1 2 340 22:05-22:00 Sunday-Friday
GBP/PLN 10000 0,00001 0,1 PLN 2,00% 50,00 0,1 1 460 22:05-22:00 Sunday-Friday
GBP/SEK 10000 0,00001 0,1 SEK 1,50% 66,67 0,1 1 460 22:05-22:00 Sunday-Friday
GBP/SGD 10000 0,00001 0,1 SGD 10,00% 10,00 0,1 1 460 22:05-22:00 Sunday-Friday
GBP/TRY 10000 0,00001 0,1 TRY 1,50% 66,67 0,1 1 460 22:05-22:00 Sunday-Friday
GBP/ZAR 10000 0,00001 0,1 ZAR 2,00% 50,00 0,1 1 460 22:05-22:00 Sunday-Friday
NOK/SEK 10000 0,00001 0,1 SEK 1,50% 66,67 0,1 7 780 22:05-22:00 Sunday-Friday
NZD/CAD 10000 0,00001 0,1 CAD 2,00% 50,00 0,1 4 570 22:05-22:00 Sunday-Friday
NZD/CHF 10000 0,00001 0,1 CHF 5,00% 20,00 0,1 1 710 22:05-22:00 Sunday-Friday
NZD/JPY 10000 0,001 10 JPY 2,50% 40,00 0,1 4 570 22:05-22:00 Sunday-Friday
NZD/SGD 10000 0,00001 0,1 SGD 10,00% 10,00 0,1 2 850 22:05-22:00 Sunday-Friday
USD/CNH 10000 0,0001 1 CNH 10,00% 10,00 0,1 2 500 22:05-22:00 Sunday-Friday
USD/CZK 10000 0,0001 1 CZK 2,00% 50,00 0,1 2 500 22:05-22:00 Sunday-Friday
USD/DKK 10000 0,00001 0,1 DKK 10,00% 10,00 0,1 2 500 22:05-22:00 Sunday-Friday
USD/HKD 10000 0,00001 0,1 HKD 2,00% 50,00 0,1 2 500 22:05-22:00 Sunday-Friday
USD/HUF 10000 0,001 10 HUF 3,00% 33,33 0,1 2 500 22:05-22:00 Sunday-Friday
USD/MXN 10000 0,00001 0,1 MXN 3,00% 33,33 0,1 2 500 22:05-22:00 Sunday-Friday
USD/NOK 10000 0,00001 0,1 NOK 1,50% 66,67 0,1 2 500 22:05-22:00 Sunday-Friday
USD/PLN 10000 0,00001 0,1 PLN 2,00% 50,00 0,1 2 500 22:05-22:00 Sunday-Friday
USD/RUB 10000 0,0005 5 RUB 5,00% 20,00 0,1 500 7:30-22:00 Monday-Friday
USD/SEK 10000 0,00001 0,1 SEK 1,50% 66,67 0,1 2 500 22:05-22:00 Sunday-Friday
USD/SGD 10000 0,00001 0,1 SGD 10,00% 10,00 0,1 2 500 22:05-22:00 Sunday-Friday
USD/TRY 10000 0,00001 0,1 TRY 1,50% 66,67 0,1 2 500 22:05-22:00 Sunday-Friday
USD/ZAR 10000 0,00001 0,1 ZAR 2,00% 50,00 0,1 2 500 22:05-22:00 Sunday-Friday
USD/XVN 10000 0,00001 0,1 XVN 5,00% 20,00 0,1 100 22:05-22:00 Sunday-Friday
USD/ILS 10000 0,0005 5 ILS 3,00% 33,33 0,1 200 22:05-22:00 Sunday-Friday

 

* the latest instrument information can be found on the web platform as follows:

1. Click on “i”

Instrument info 1

2. Instrument information

Instrument info 2

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Margin is based on the current notional value of the open positions and fluctuates with changes in prices. There is a 70% margin close-out policy which will at first cancel all working orders, and if the account is still below the close out level, all open positions will be liquidated.

For more detailes please read the trading manual 5.2, 5.3 and 5.4 paragraphs »

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LMAX Professional web trading technology delivers clients:

  • Direct access to all LMAX Professional markets
  • Low latency, anonymous trading
  • Streamlined efficient and superior execution
  • Easy to use and feature-rich professional User Interface
  • Online tool for the User to make transfer out of His trading account

For further information about using the web platform please read the Trading Manual »

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Besides trading access, the LMAX Professional web platform is an online tool to get information about how to deposit and how to request withdraw from your trading account.

When you making a bank transfer, your bank will allow to add a “reference” to the transaction.

It is vital that you add your LMAX reference number to the bank transfer. You can find your LMAX reference number in your web platform as follows:

  1. Login to your LMAX Web platform
  2. Click on Client Portal

    Bank transfer 1

  3. Click on Payments

    Bank transfer 2

  4. Your LMAX reference number will appear in the blue stipe

    Bank transfer 3

  5. Below the blue stipe will be the LMAX's banking details where you have to make the transfer
  1. Login to your LMAX Web platform
  2. Click on Account

    Card 1

  3. Add your card details after clicking on Add new card

    Card 2

  4. After adding your card click on Deposit funds from card

    Card 3

  1. Login to your LMAX Web platform
  2. Click on Client Portal

    Bank transfer 1

  3. Click on Payments

    Bank transfer 2

  4. Click on Add to add your banking details or you can leave this step if you have already added your bank account.

    Withdraw to bank 3

  5. After adding your banking details, click on Withdraw to Bank Account…

    Withdraw to bank 4

  6. In the pop up window you can type in the amount you wish to withdraw from your LMAX trading account to your bank account.

    Withdraw to bank 5

  1. Login to your LMAX Web platform
  2. Click on Account

    Card 1

  3. Click on Add new card or you can leave this step if you have already added a card

    Card 2

  4. Click on Withdraw funds to card

    Card 3 W

Please no note you can withdraw fund to card in excess what you deposited from the card. If you wish to withdraw more than this, then the rest have to be withdrawn to your bank account, please see Withdraw from your LMAX trading account to your Bank accout above

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  1. to open an MT4 account you have to first open your LMAX Professional Live account (using the form above)
  2. after your LMAX Professional Live account is open and you fund it, you have to request the MT4 account in email sent to This email address is being protected from spambots. You need JavaScript enabled to view it. with a “Your name MT4 account request” subject 
  3. in the email you have to add your LMAX Account ID and confirm how much money you wish to transfer from your LMAX Professional Live Account to your MT4 account

MT4 account request email sample:

Dear Sir/Madam,

Please open an MT4 account for:

  Name: Your name
  LMAX Account ID: Your LMAX Account ID
and please transfer from the LMAX web account to the MT4 account the following Amount: The amount and its currency you wish to move to the MT4 account
Best regards, Your name

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LMAX Exchange trading smartphone LMAX Exchange trading tablet

LMAX Exchange Trading - smartphone and tablet

The LMAX Exchange Trading app delivers complete trading functionality, streaming, firm limit order liquidity with no “last look” rejections, low latency execution and real-time price updates.

  • Access streaming firm limit order liquidity from top tier financial institutions
  • No “last look” rejections
  • Transparent price discovery
  • Simple matching of orders
  • Trade using Market Orders
  • Trade using Limit Orders
  • 1-click trading, close and cancel
  • Partial close position
  • Take profit and stop-loss contingent orders
  • 5 levels of market depth
  • Account balance
  • Open positions
  • Working orders
  • Trading history
  • Activity and account notification
  • Real-time prices
  • 3 default system watch-lists
  • User customisable watch-lists
  • Live and historical data
  • Interactive charts (zooming/panning)
  • Timescale intervals of 1 min | 5 min | 15 min | 1 hour | 1 day
  • Long tap enable/disable detail tooltip

AppStoreAndroid

LMAX Exchange trading smartphone LMAX Exchange trading tablet

LMAX Exchange News - smartphone and tablet

The LMAX News app brings the very latest FX news, market data, charts and economic calendar in one easy to use app.

  • Fully customisable news feed
  • Headline news
  • Feature analytics

Unique market research, analytics and opinion delivered daily in audio, video and report formats

  • Unique, no “last look” execution data
  • Real time price feeds for all LMAX Exchange instruments
  • View live LMAX Exchange prices on the ‘Today’ screen of your device in screen lock mode (iOS8 only)
  • Live and historical data
  • Interactive charts (zooming/panning)
  • Timescale intervals of 1 min | 5 min | 15 min | 1 hour | 1 day
  • Long tap enable/disable detail tooltip
  • List of calendar items
  • Item description on click
  • Three date filters
  • Custom filters
  • Group by date in tablet version
  • Auto-refreshes

AppStoreAndroid

LMAX Exchange trading smartphone LMAX Exchange trading tablet

LMAX Exchange VWAP - smartphone and tablet

The LMAX VWAP app provides live market data for FX, metals and indices, up to 20 levels of market depth, with volume-weighted average prices for all instruments from each of the LMAX Exchange liquidity pools (LMAX Professional, LMAX Institutional and LMAX InterBank).

  • Real-time, no ’last look’ VWAP prices for specified order size
  • Up to 20 levels of market depth for all instruments
  • Simple switching between instruments
  • Effortless transition between trading venues

AppStoreAndroid

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LMAX Exchange can be directly accessed by traders through MultiCharts trading technology. MultiCharts is a professional charting and automated trading platform, designed specifically for FX traders.

Through LMAX Exchange, clients can trade via MultiCharts and benefit from:

  • Direct access to all markets on LMAX Exchange
  • Trading in Micro lots
  • Native stop orders and contingent orders
  • High-definition charting and direct chart trading
  • Multiple DOM windows
  • Back testing and optimisation
  • EasyLanguage® compatibility
  • Entry and Exit automated trading
  • 64 bit format to enable unlimited computer memory usage
  • Compatibility with industry-standard TradeStation® EasyLanguage®: EasyLanguage® strategies can be customised, optimised and back tested prior to their implementation in the real market using the PowerLanguage editor.
  • Powerful and flexible charting: able to handle multi-symbol and multi-timeframe charts. Time-based and Count-based, as well as Bid or Ask based data series can be mixed within the same chart.
  • Market scanner tool: important for screening quotes and ranking the financial instruments that you monitor.

If you wish to get access to or have any further questions regarding MultiCharts, please contact MultiCharts directly – www.multicharts.com

New clients can register and purchase a license directly from MultiCharts, alternatively existing clients can simply select LMAX Exchange as the broker and proceed to use their usual LMAX Exchange login details. When purchased please select MultiCharts Beta version 8.5.

Please Note: 1 contract in MultiCharts represents 0.1 LMAX Exchange contracts (standard LMAX Exchange contract, 10,000 notional, will be 10 contracts in MultiCharts)

  1. When first opening MultiCharts Version 8, locate and right-click on the LMAX tab. Select “Edit LMAX profile” and proceed to enter your account credentials.
  2. On the “LMAX” tab right-click once more and select the “Connect LMAX” option.
  3. The connection is established when the button on the tab turns green in colour. This enables the charts to open and connect to LMAX Exchange’s data feed.
  4. Open a new chart window, select “LMAX” in the data source and select “Add”. Instruments can now be added and viewed on the charts by selecting “OK”
  5. Choose the instruments to be displayed in the selected chart. Further parameters such as resolution and date range can be chosen within the “Settings” tab.
  6. Upon completion of the chart upload, MultiCharts will be ready to view and test trade.

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