LMAX Group, an independent operator of institutional execution venues for Forex (FX) and digital asset trading, has announced the successful completion of the acquisition of the FX division of Cürex, a New York-based institutional FX execution and data analytics company. .
This calculated maneuver brings together LMAX Group and Cürex to provide clients with a diversified institutional FX offering. The combined entity will offer a range of services, including execution venues, market data and business analytics.
Finance Magnates announced earlier this month that LMAX Group announced its agreement to acquire the FX division of Cürex, a New York-based company specializing in institutional foreign exchange execution services and data analytics. The objective of this tactical decision is to strengthen the institutional FX offers of the LMAX group, combine technical capabilities and expand the customer base.
David Mercer, CEO of LMAX Group, expressed his satisfaction with the acquisition: “We are delighted to have completed this acquisition, which marks a new chapter for Cürex, and welcome the team and its valued clients to LMAX Group.”
“We remain focused on expanding market access for our clients by continuing to drive efficiencies and invest in our distribution capabilities, product diversification and trading capabilities. By consolidating our position in the industry together with Cürex, we continue to build a leading global institutional FX exchange and create a stronger and more robust FX liquidity offering for our clients.”
Strategic merger of LMAX Group and Cürex
The merger of LMAX Group and Cürex represents a strategic step to utilize the technical prowess and distribution scope of both entities. Founded in 2009, Cürex brings a portfolio of Electronic Communication Network products. This includes a solid price spot FX central limit book, a peer-to-peer matching pool and a pre-trade and post-trade analytics platform with real-time data analysis.
Mercer emphasized a shared commitment to transparent pricing and efficient market structure through solid liquidity and “no last look” execution. He stated, “We are constantly exploring ways to expand our product offerings and diversify distribution for the institutional segment.”
LMAX Group’s existing institutional client base, including global banks and non-bank institutions, will be complemented by Cürex’s banking and purchasing relationships. This acquisition is poised to accelerate LMAX Group’s growth in the US market, enhancing its technical capabilities and customer relationships.
James Singleton, CEO of Cürex, expressed confidence in the joint organizations to succeed together under the leadership of LMAX Group. He noted that LMAX Group is the right business to bring Cürex into the next phase of growth after more than ten years of building Cürex.
The transaction is expected to close within a month and is subject to standard closing conditions. The financial terms of the acquisition were not disclosed.
LMAX Group, an independent operator of institutional execution venues for Forex (FX) and digital asset trading, has announced the successful completion of the acquisition of the FX division of Cürex, a New York-based institutional FX execution and data analytics company. .
This calculated maneuver brings together LMAX Group and Cürex to provide clients with a diversified institutional FX offering. The combined entity will offer a range of services, including execution venues, market data and business analytics.
Finance Magnates announced earlier this month that LMAX Group announced its agreement to acquire the FX division of Cürex, a New York-based company specializing in institutional foreign exchange execution services and data analytics. The objective of this tactical decision is to strengthen the institutional FX offers of the LMAX group, combine technical capabilities and expand the customer base.
David Mercer, CEO of LMAX Group, expressed his satisfaction with the acquisition: “We are delighted to have completed this acquisition, which marks a new chapter for Cürex, and welcome the team and its valued clients to LMAX Group.”
“We remain focused on expanding market access for our clients by continuing to drive efficiencies and invest in our distribution capabilities, product diversification and trading capabilities. By consolidating our position in the industry together with Cürex, we continue to build a leading global institutional FX exchange and create a stronger and more robust FX liquidity offering for our clients.”
Strategic merger of LMAX Group and Cürex
The merger of LMAX Group and Cürex represents a strategic step to utilize the technical prowess and distribution scope of both entities. Founded in 2009, Cürex brings a portfolio of Electronic Communication Network products. This includes a solid price spot FX central limit book, a peer-to-peer matching pool and a pre-trade and post-trade analytics platform with real-time data analysis.
Mercer emphasized a shared commitment to transparent pricing and efficient market structure through solid liquidity and “no last look” execution. He stated, “We are constantly exploring ways to expand our product offerings and diversify distribution for the institutional segment.”
LMAX Group’s existing institutional client base, including global banks and non-bank institutions, will be complemented by Cürex’s banking and purchasing relationships. This acquisition is poised to accelerate LMAX Group’s growth in the US market, enhancing its technical capabilities and customer relationships.
James Singleton, CEO of Cürex, expressed confidence in the joint organizations to succeed together under the leadership of LMAX Group. He noted that LMAX Group is the right business to bring Cürex into the next phase of growth after more than ten years of building Cürex.
The transaction is expected to close within a month and is subject to standard closing conditions. The financial terms of the acquisition were not disclosed.