• Trading features and benefits

    • Trusted, transparent and secure trading environment
    • One public rulebook applied to all members
    • Central limit order book
    • Streaming firm, deep institutional liquidity
    • Ultra-low latency, consistent execution under 350μs
    • All orders time-stamped in μs (receipt to execution)
    • Safe and secure hot/cold/vault multi-signature wallets
    • Full custodian solution
    • Bi-lateral settlement between members
  • Key facts

    • Instruments more

      BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), BCH (Bitcoin Cash) and XRP (Ripple) download instrument list

    • Access and connectivity more

      Cross connect at LD4 and internet

      LMAX FIX 4.2 /4.4, API (Java, .Net), ITCH, web GUI, mobile

      LMAX Digital mobile app suite provides continuous access to LMAX Digital markets for real-time monitoring and trading crypto currencies, alongside VWAP market data and proprietary crypto currency market research.

    • Mobile trading more

      LMAX Digital mobile app suite provides continuous access to LMAX Digital markets for real-time monitoring and trading crypto currencies, alongside VWAP market data and proprietary crypto currency market research.

    • Trading hours more

      24 hours, 7 days/ week (except 17:00 – 17:05 NY)

    • Min. trade size more

      0.01 coins (BTC, ETH, LTC, BCH); 1 coin (XRP)

    • Settlement more

      Up to T+1

    • Fee schedule more

      Committed makers

      Passive Aggressive
      Free 3bps

      Non-committed makers and takers

      Traded volume* Passive Aggressive
      < $100m 2bps 6bps**
      > $100 < $200m 2bps 4bps
      > $200m 2bps 3bps

      * Traded volume (calculated as passively and aggressively matched orders in aggregate) will be reviewed monthly

      Clients, meeting the stated volume discount thresholds, will be rebated monthly on a retrospective basis

      Discounts will be applied on a back to zero volume basis

      **Commission of 6bps will be levied at point of trade on all aggressively matched orders

    • Execution schematic launch

    • Custodian solution schematic launch