LMAX Group Completes Acquisition of Cürex FX

LMAX Group, a global financial technology company and the leading independent operator of multiple institutional execution venues for FX and crypto currency trading, announced yesterday (October 30) that it has closed the acquisition of the FX business of Cürex, a New York City‐based institutional FX execution services and data analytics company.

Through the transaction, the Group will leverage the distribution and technical strengths of both companies to form a more robust and varied institutional FX offering for clients to include execution venues, precise market data and trade analytics.

David Mercer, CEO of LMAX Group, said: "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. 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."

Unveiled earlier this month​, this acquisition is part of the Group's international growth strategy, aiming at consolidating its industry position as it continues to build a leading institutional FX exchange.