The world’s best exchange/venue for swaps 2025: LMAX

LMAX has established itself as a leading force in FX swaps by combining transparent exchange infrastructure, innovative credit intermediation and peer-to-peer matching. Its acquisitions and technology investments have broadened access for buy-side institutions and reinforced its role as a trusted marketplace for efficient and resilient swaps trading. 

Headquartered in London, LMAX Group has built a reputation as one of the most innovative independent operators of institutional exchanges for FX and digital assets.

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