LMAX Exchange bucks trend with PoP launch
Differentiated by proprietary pre-trade risk management tools
Foreign exchange trading platform LMAX Exchange has launched a prime-of-prime (PoP) service, aimed at providing retail brokers, hedge funds and asset managers with credit, liquidity and market access.
The launch comes amid turbulent times in the prime brokerage (PB) space as banks tighten up credit and pull back from smaller clients in the wake of the Swiss National Bank's decision to pull its EUR/CHF floor; a move that left many PB customers nursing hefty losses.
LMAX says it will leverage its
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