LMAX closes Cürex FX acquisition

London based mostly institutional FX and digital belongings buying and selling venue operator LMAX Group has indicated that it has efficiently accomplished its beforehand introduced acquisition of the FX enterprise of Cürex, a New York Metropolis‐based mostly institutional overseas alternate execution companies and information analytics firm. The corporate stated that the mixture of LMAX Group and Cürex brings collectively the distribution scale and technical capabilities of each companies to create a stronger, extra diversified, agency liquidity, institutional FX providing for shoppers to incorporate execution venues, exact market information and commerce analytics.

The acquisition is a part of LMAX Group’s worldwide progress technique, consolidating its trade place to construct the main institutional FX alternate. The corporate is uniquely positioned in each FX and digital belongings with sturdy long-term progress potential.

David Mercer, CEO, LMAX Group, stated:

“We’re happy to finish this acquisition, which represents a brand new chapter for Cürex, and we welcome the group and its valued shoppers to LMAX Group. We stay targeted on broadening market entry for our shoppers by persevering with to drive efficiencies and put money into our distribution capabilities, product diversification and buying and selling performance. By consolidating our trade place along with Cürex we proceed to construct the main, world institutional FX alternate and create a stronger, agency FX liquidity providing for our shoppers.”