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29 July 2019 – LMAX Exchange Group today reports strong growth and record financial performance for the six months to 30th June 2019.
Interim Results 2019 – financial highlights:
○ Gross Profit of US$25.8m, up 27% from H1 2018
○ Statutory EBITDA of US$11.3m, up 50% from H1 2018
○ EBITDA Margin of 44%, up 7% from H1 2018
○ Notional trading volume across exchanges up 9% from H1 2018
LMAX Exchange achieved record Interim Results, beating all previous records for profitability, margins and volumes. The company’ states that its improved EBITDA and rising margins has made LMAX Exchange one of the most profitable operators in the FX execution sector.
Allied to increasing volumes and profitability in the Group’s established FX exchanges, LMAX Digital volumes have grown exponentially to a high of $8.5 billion in June 2019, producing a standalone EBITDA of $1.5m. Since the launch in May 2018, over $20 billion worth of cryptocurrencies has been traded on LMAX Digital, the only deliverable crypto exchange dedicated to institutional participants.
David Mercer, CEO of LMAX Exchange, said:
“Building on our record year in 2018, we have succeeded on continuing the strong momentum into the first half of 2019 and have broken yet more records. LMAX Digital, our institutional-only crypto currency exchange, has achieved outstanding results with over 7 million trades completed since launch and is our fastest ever growing exchange.
“Based on continued requirements from institutional investors across our venues for order-driven, firm liquidity and the appreciation for our focus on transparency, precision and consistency in execution, we maintain our positive outlook for the rest of 2019 and are excited about what lies ahead for LMAX Exchange Group.”
