LMAX Group Announces Completion of Taking Over Cürex FX

On October 30, LMAX Group, a global fintech company and leading independent operator of multiple institutional execution venues for FX and cryptocurrency trading, announced the closed acquisition of the FX business of Cürex, a New York-based institutional FX execution services and data analytics company.

Through this deal, the Group will leverage the distribution and technology strengths of both companies to provide clients with a stronger and more diverse range of institutional FX services, including execution venues, precise market data, and trading 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."

The acquisition was initially unveiled earlier this month as part of the Group's international growth strategy to consolidate its industry position and continue to build a leading institutional FX exchange.