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I am doing my due diligence on LMAX as they impress me as a potential forex broker!

(Last Updated On: December 5, 2011)

I am doing my due diligence on LMAX as they impress me as a potential forex broker!

I am doing my due diligence on LMAX. This thread sort of impressed me:

http://www.forexfactory.com/showthread.php?t=266866&page=31

It looks like LMax is getting rave reviews so this may be my broker of choice as compare to bucket shops.

It has given me some more links to care about:

BetFair financial results:

http://www.investegate.co.uk/Article.aspx?id=201106290700153315J

74.8% of LMAX, which operates an exchange platform for online retail financial trading which has evolved from Betfair’s exchange platform technology.

News article: http://www.guardian.co.uk/business/2011/jun/29/betfair-buyback-flotation-struggling-morana

The company added that it would invest in its LMAX financial share trading platform for another 12 months, putting in no more than £10m on top of the £20m already spent. The venture, which many had warned would struggle to compete with existing spreadbetting platforms, has failed to catch on, despite the backing of investment bank Goldman Sachs.

LMax second best for spreads as compared to MBT.

LMAX loses £13.2m in first year

Third senior manager leaves as problems mount for financial trading business.

http://www.egrmagazine.com/news/lmax_loses_13.2m_in_first_year

http://www.fxintel.com/

LMax trader fees:

http://www.lmaxtrader.co.uk/fx-trading/fx-charges

Industry FIX support:

http://www.lmaxtrader.co.uk/api-trading/fix-protocol

Other articles:

http://ftalphaville.ft.com/blog/2011/06/29/608496/betfair-goes-ex-growth/

LMAX software architecture open talked here by famous Java dude Martin Fowler:

http://martinfowler.com/articles/lmax.html

 

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

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