LMAX

LMAX is a London-based organization established and majority owned by Betfair, the world’s leading sports betting exchange. LMAX offers customers the opportunity to trade FX contracts and CFDs in equity indices, commodities, bonds and interest rates.

“As dynamic market conditions continue to challenge legacy systems, LMAX has positioned itself to win market share with its next generation system, built with Informatica Ultra Messaging.”

— Martin Thompson, Chief Technology Officer, LMAX

Business Need

Increase trading flow.

Reduce risk for retail and institutional buyers and sellers.

Increase operational efficiency.

Minimize hardware infrastructure costs through efficiency.

Challenges

Complexity of managing massive volume of scale in retail market, institutional market makers and central clearing across multiple asset classes.

Build an exchange that is incredibly fast but also significantly more feature-rich than other exchanges.

Solutions & Results

Provided retail traders with pricing transparency, market depth, neutrality and control until recently only available to wholesale institutions.

Consistently executed trades at below 1 millisecond.

Reduced trading risk for retail and institutional buyers and sellers.

Supported an institutional scale exchange with an API to enable retail traders to run algorithms.

Helped deliver the levels of operational excellence that customers expect.

Eliminated single points of failure while dramatically reducing hardware infrastructure costs.

Technologies Used

Informatica Data Quality

Delivers extremely low-latency messaging over any network, along with very high throughput, with 24x7 reliability.

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