TRY LMAX

LMAX Offering Competitive CFD Trading 

• $0.4 per contract standard commission
• Volume based discounts available
• Competitive leverage 
• Low overnight financing rates 
• The ability to make a price within the best bid and offer

The LMAX Exchange enables clients to view market depth and see their orders working on the order book.

Liquidity is supplied by multiple leading global banks and specialist proprietary trading firms.

LMAX CFD Markets. LMAX offers a variety of Contracts for Difference (CFD) instruments in major indices and commodities. LMAX CFDs are based on 10% of the notional value of the underlying instrument.

Download the LMAX Instrument (CSV)from the url: http://www.lmax.com/doc/LMAX-Instruments.csv

LMAX Exchange Spreads. The LMAX Exchange offers clients direct access to live, executable, institutional pricing. Execution via our open, anonymous order book ensures the best bid and offer prices are set only by the market.

Visit http://www.lmax.com/average-spreads-fx to display the historical weekly average spreads for Forex and CFD instruments traded on the LMAX Exchange.

TRY LMAX

Competitive LMAX FX Trading Offering:

• $25 per million standard commissions
• Volume-based discounts available
• 100:1 leverage for FX majors
• Low overnight financing rates
• The ability to make a price within the best bid and offer
• The LMAX Exchange enables clients to view market depth and see their orders working on the order book.

Liquidity is supplied by multiple leading global banks and specialist proprietary trading firms.

LMAX FX Markets. 

One  LMAX  FX contract represents CCY1 10,000 notional exposure. For example 1 EUR/USD equates to EUR 10,000 notional exposure.

The  LMAX  Exchange currently lists 62 FX pairs

FX Overnight Financing

LMAX Financing charges are applied to all rolling FX crosses according to the following schedule:

The cost of the tomorrow next roll (tom/next) is applied to positions held through the respective market close. The opening price on the position is not adjusted, rather a separate financing charge is levied to  LMAX  client account. Positions rolled over the weekend or over bank holidays will reflect the longer duration of the underlying wholesale rolling trades. 

The LMAX Exchange can be accessed by traders through MultiCharts trading technology.  LMAX MultiCharts is a professional charting and automated trading platform, designed for Forex and Futures traders.

LMAX MultiCharts gives traders access to:

• Direct Market access for 80+ FX and CFD instruments 
• High-definition charting 
• Direct chart trading
• Multiple Depth of Market (DOM) windows
• True strategy back-testing and optimisation
• EasyLanguage® compatibility
• Entry and Exit automated trading

A key feature of  LMAX  MultiCharts is its compatibility with industry-standard TradeStation® EasyLanguage®. EasyLanguage® strategies can be customised, optimised, and back-tested prior to their implementation in the real market using the PowerLanguage editor.

LMAX MultiCharts includes very powerful and flexible charting that is able to handle multi-symbol and multi-timeframe charts. Time-based and Count-based, as well as Bid, Ask, or Trade-based data series can be mixed within the same chart.
MultiCharts market scanner is an additional tool available that you will find indispensable for screening quotes and ranking the financial instruments that you monitor.

LMAX mobile Forex and CFD trading technology enables clients to access LMAX Exchange via iPhone® and Blackberry®.

Via the LMAX Mobile Trading technology, clients are able to:

·        View the latest prices and market movements for 70+ FX and CFD instruments

·        Open, close and manage positions on the move

·        Place market and limit orders

·        Place orders inside the spread

·        View & cancel working orders

·        Monitor the account balance

·        View watchlists

·        Be confident that all the information and transactions are secure

Download the Mobile Services Agreement (PDF) - 

Download the Trading Manual (PDF) - 

The LMAX Exchange web trading technology delivers clients:

• Direct market access for 70+ FX and CFD instruments
• Low latency, anonymous trading (over 90% of trades are executed in less than 10ms)
• Reliable and robust exchange technology
• Access to 5 levels of market depth*
• Streamlined efficient and superior execution
• Easy to use and professional User Interface
• *Access to 5 levels of market depth is available to all accounts; Professional account holders can access up 20 levels of market depth via the FIX API.

Download the Trading Manual (PDF): LMAX_Trading-Manual.pdf (433.31 kb)

FX and CFDs are leveraged products that can result in losses exceeding your deposit. They are not suitable for everyone so please ensure you fully understand the risks involved. The information on this website is not directed at residents of the United States of America or any other jurisdiction where FX trading and/or CFD trading is restricted or prohibited by local laws or regulations.

Authorised and regulated by the FSA as a Multilateral Trading Facility (MTF), the LMAX Exchange enables private and institutional investors to trade directly with no dealing intervention at live streaming institutional prices. The LMAX Exchange is a neutral execution venue where buyers and sellers meet, show their interest in an instrument by placing orders and where orders are matched according to our efficient, best-execution, institutional style matching rules.

The LMAX Exchange ensures Forex and CFD traders benefit from:

• No dealer intervention and never any requotes
• Anonymous online Forex and CFD currency trading through the open orderbook up to 20 levels of market depth*
• Ability to post their own orders at the price they want, when they don’t want to accept the price offered in the order book
• Ultra fast and reliable execution
• Access to the best bid and offer prices set by the market and not by LMAX
• Transparency and openness of all LMAX policies
• No settlement risk once orders are matched and novated to a central counterparty

The LMAX Exchange gives both private and institutional traders the pricing transparency, speed, market depth, additional credibility, neutrality and control that has until recently been only available to institutions in the wholesale market.

*Access to 5 levels of market depth is available to all accounts; Professional account holders can access up 20 levels of market depth via FIX API.

LMAX MTF Membership

LMAX welcomes discussions with financial institutions interested in becoming General or Broker Members of the LMAX MTF.

APPLY NOW

LMAX Exchange Benefits

• No dealing desk and never any requotes
• Level 2 views on all markets
• Anonymous and superior execution
• Straight through processing (STP)
• Place orders straight into the order book
• Place orders inside the spread

LMAX Exchange Technology

• Unparalleled speed and reliability
• Access to LMAX Exchange through web platform, mobile, MultiCharts, Meta Trader 4 (MT4) bridge and API
• Up to 20 levels of market depth*
• Awarded ‘Best Trading System’ by FST in 2011

LMAX Exchange Instruments

• 70+ FX and CFD instruments
• Tight institutional pricing
• Volume based commission discounts available
• Enhanced liquidity from leading global financial institutions 

*Available for Professional account holders via FIX API

LMAX (London Multi Asset Exchange) is Europe's first MTF for trading FX and CFD instruments. LMAX enables both private and institutional investors to trade directly on the exchange and benefit from:

• Tight institutional prices
• Price transparency and market depth
• No dealer intervention and never any requotes
• Ultra fast anonymous execution
• Access to centralised clearing through LMAX Broker services
• Reliability and credibility of an MTF authorised by the FSA
• Customers can currently trade 70+ rolling spot FX contracts and CFDs in indices, commodities.

The LMAX Exchange is not just another trading platform. It's an entirely new way to trade FX and CFDs with access to live, executable, institutional prices..

The LMAX Exchange is a neutral service. An open platform with no dealer intervention, no hedging of client positions and never any requotes. LMAX simply matches the best bids and offers.

The LMAX Exchange is more transparent. Clients execute directly on the LMAX Exchange and benefit from pricing transparency and no ‘Last Look’ from the liquidity providers.

The LMAX Exchange provides fast, anonymous trade execution. Clients trade anonymously; over 90% of trades are executed in less than 10ms.

Nasdaq weekly chart.

3 Inside. Reversal bearish pattern. First two days form a bearish harami. The third day closes lower than the second day. In the apollo group stock quote, weekly chart, we can see a perfect example.

Engulfing Pattern. Bearish Reversal Pattern. The color of the first day's body reflects the trend, however could be a doji.  The second day's real body engulfs the first day's body. In the adobe system stock quote, weekly chart, we can see a perfect example.

Harami Cross Pattern

Possible Hikkake Pattern

A Gravestone Doji  is a type of candlestick bullish pattern that is formed when the opening and closing price of the asset are equal and occur at the low of the day as you can see in the next image:

The long upper shadow suggests that the day's buying buying pressure was countered by the sellers and that the forces of supply and demand are nearing a balance. This pattern is commonly used to suggest that the direction of the trend maybe be nearing a major turning point.

A gravestone doji pattern is a common reversal pattern used by traders to suggest that a bullish rally or trend is about to reverse. It can also be found at the end of a downtrend, but this version is much more rare. As you can see from the chart, on the day of the gravestone doji (shown within the black box), bearish traders realized that the price was pushed up to unjustifiably high levels so they send the price back up to where the stock opened. The close near the day's low suggests that supply is starting to outweigh demand again.

In apollo group or patterson cos daily chart we can see this figure.