Institutional exchange technology infrastructure
LMAX Digital is a high capacity, low latency matching venue based on LMAX Group proprietary technology, widely recognised for industry innovation. Delivering ultra-low latency execution, high capacity and robust, consistent exchange performance, with LMAX Digital, all market participants including funds, proprietary trading firms, institutional brokers and asset managers benefit from transparent, precise, consistent execution.
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Features and benefits
- Regulated, trusted, transparent trading environment
- Central limit order book execution model
- Streaming firm, deep institutional liquidity
- Ultra-low latency, consistent execution under 90μs
- Bi-lateral settlement between members
- Secured trading with fully regulated custody solution
- Trusted, secure, reliable technology infrastructure
- Full order book market data via FIX (4.2/4.4), REST/Websocket API or ITCH
Trading key facts
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Instruments more
BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), BCH (Bitcoin Cash), XRP (XRP) – against USD, EUR, JPY, GBP; and SOL (Solana), LINK (Chainlink), PYTH (Pyth Network) – against USD.
download instrument list -
Fee schedule more
Committed makers
Passive Aggressive Free 3bps Non-committed makers and takers
Traded volume* Passive Aggressive < $100m 2bps 6bps** > $100 < $200m 2bps 4bps > $200m 2bps 3bps * Traded volume (calculated as passively and aggressively matched orders in aggregate) will be reviewed monthly
Clients, meeting the stated volume discount thresholds, will be rebated monthly on a retrospective basis
Discounts will be applied on a back to zero volume basis
**Commission of 6bps will be levied at point of trade on all aggressively matched orders
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Access and connectivity more
Cross connect at LD4 and internet
LMAX FIX 4.2 /4.4
REST/Websocket API:Account API Broker Market Data API
API (Java, .Net)
ITCH
web GUI
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Execution facts more
– Order matching (internal exchange latency) <90 μs.
– High throughput, scalable architecture > 100,000 messages/second.
– Exchange performance: uptime 100%.
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Mobile trading more
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Trading hours more
24 hours, 7 days a week, except 17:00 – 17:05 EST/EDT daily.
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Min. trade size more
0.01 coins (BTC, ETH, LTC, BCH, SOL); 1 coin (XRP), 0.1 coin (MATIC, LINK, PYTH)
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Settlement more
Up to T+1
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Execution schematic
launch
volumes
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T: +44 33 3700 4096 - E: info@LMAXdigital.com