LMAX adds credit intermediation for spot FX trading
BNP Paribas and JP Morgan are working with the firm as credit intermediaries
LMAX Exchange Group has added a credit intermediation product for spot FX trading, in a move that bolsters the company’s institutional offering and opens up access to its liquidity as it works to grow its client base.
The credit product aims to help regional banks and mid-sized financial institutions that have limited bilateral credit relationships with some of the larger global banks in the market.
Through this service, they will be able to access LMAX Exchange’s central limit order book
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