LMAX Closes Cürex Deal
Posted by Colin Lambert. Last updated: November 1, 2023
LMAX Group has successfully completed the acquisition of the FX business of FX execution services and data analytics company Cürex.
The firm says the combination brings together the distribution scale and technical capabilities of both businesses to create a stronger, more diversified, firm liquidity, institutional FX offering for clients to include execution venues, precise market data and trade analytics.
“We are pleased to complete this acquisition, which represents a new chapter for Cürex, and we welcome the team and its valued clients to LMAX Group,” says David Mercer, CEO, LMAX Group. “We remain focused on broadening market access for our clients by continuing to drive efficiencies and invest in our distribution capabilities, product diversification and trading functionality. By consolidating our industry position together with Cürex we continue to build the leading, global institutional FX exchange and create a stronger, firm FX liquidity offering for our clients.”