Goldman ditches LMAX

LMAX the latest broker to offer the award-winning MT4 has been disembarked by Goldman Sachs. The leading investment bank had a 12.5% stake in LMAX, a MTF developed by Betfair, however recently GS sold it back to Betfair.

Betfair the leading betting Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term has one of the most sophisticated matching engines in the markets and the same technology is applied to LMAX's back-end offering traders advanced trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and pricing.

LMAX has been developing its brand and product range by offering commodities and currencies. Recently LMAX soft launched the MT4 platform.

This is another unsuccessful investment by Goldman Sachs adding to its £140 million worth stake in CMC Markets which was written off and a $517 million loss on its investment in Industrial & Commercial Bank of China Ltd.

Goldman Sachs group currently trading at 116.40 on the NYSE.