LMAX LAUNCHES FIRST MOBILE EXCHANGE WITH SMARTPHONE TRADING APP
London, 4 April 2011 – LMAX®, the retail FX and contracts for difference (CFD) trading venue, today announced the availability of the first mobile exchange with the launch of LMAX Trader™ for iPhone®and BlackBerry® mobile devices. The mobile dealing application (app) for trading clients allows users with an iPhone® or BlackBerry® mobile device to stay updated with the markets, view their LMAX Trader™ account status, and manage their positions and orders across multiple asset classes.
LMAX Trader™ for iPhone® and BlackBerry® mobile devices enables clients to trade on the move via an easy to navigate interface, allowing for convenient access to their portfolios. The app will be rolled out to other mobile device operating systems in the coming months.
LMAX® provides the retail FX and CFD investor with a highly sophisticated but easy to use neutral platform that seeks to offer traders a fairer and more transparent alternative to competitors’ offerings. The platform is an exchange* thatbrings together retail and institutional buyers and sellers in a wide variety of financial instruments on a level playing field.
“Increasing investor sophistication combined with highly mobile lifestyles has meant that more people want to take control of their investment decisions on the go and therefore need instant access to financial markets and their portfolios,”says Martin Thompson, Chief Technology Officer of LMAX. “Our platform offers a neutral and transparent exchange model delivered via market-leading technology, both key differentiators in a competitive market where investors demand solutions that deliver results.”
The LMAX Trader™ app is available free for download from a BlackBerry® mobile device or iPhone®, and from BlackBerry App World® and the Apple App Store®. Accessing an account via a mobile device requires an account to be opened with LMAX Trader™.
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*LMAX® is a Multi-Lateral Trading Facility (“MTF”) as defined in the Markets in Financial Instruments Directive (“MiFID”). LMAX, LMAX Trader and Make Your Own Market are trademarks of LMAX Limited.
iPhone® and App Store® are registered trademarks of Apple Inc.
BlackBerry® and BlackBerry App World® are registered trademarks of Research in Motion Ltd.
For further information contact:
Nick Bone, MHP Communications
+44 (0)20 3128 8578
LMAX is an innovative trading venue combining the best of a multilateral trading facility (MTF) and a broker. It provides ‘on exchange’ trading for contracts for difference (CFDs) and rolling spot foreign exchange (FX) contracts. Customers can currently trade FX contracts and CFDs in indices, commodities, bonds and interest rates. LMAX brings the benefits of institutional trading through increased transparency, greater flexibility and liquidity to the retail market. LMAX is client-neutral and does not take positions against its customers. LMAX traders benefit from the ability to place orders directly into the MTF, with the benefit of faster execution, no dealer acceptance and no re-quotes. LMAX was established by and is majority owned by Betfair, the world’s leading sports betting exchange, and was launched in October 2010 after nearly three years of development. LMAX Limited is incorporated in England and Wales, with registered number 6505809, and is authorised and regulated by the Financial Services Authority (firm reference number 509778).