A different kind of liquid! LMAX Exchange led the Clipper round the world yacht race for an entire day
The prestigious Clipper round the world race is in full swing and yesterday’s fast-paced competition among the racing teams was a day of extreme excitement for British multilateral trading facility for FX, LMAX Exchange. LMAX Exchange marked itself out as a unique and technologically advanced MTF, and remains the only MTF for FX in the […]
The prestigious Clipper round the world race is in full swing and yesterday’s fast-paced competition among the racing teams was a day of extreme excitement for British multilateral trading facility for FX, LMAX Exchange.
LMAX Exchange marked itself out as a unique and technologically advanced MTF, and remains the only MTF for FX in the world, offering no last look execution and a different technological approach to execution from its liquidity provider peers.
Competing in the transglobal yacht race is aligned with LMAX’s modernity and avantgarde standing, however yesterday, at the front of the race for the entire day, LMAX Exchange led, with GREAT Britain once again less than a mile apart at times despite having gybed away from each other during the previous night.
North of the rumb line, Derry~Londonderry~Doire was in third position, North American navigation systems yacht, Garmin, remained in fourth place and Qingdao fifth (positions correct as of 0900 UTC), are chasing hard together.
As the race enters its fourth day, the fleet had headed toward toward Cape Finisterre and the generally northerly wind was forecast to veer a little towards north-north east to north east and probably increase, which is quite normal for that area due to an increased pressure gradient between the North Atlantic High (NAH) and the Iberian heat low, which was nearly stationary during the late hours of yesterday evening.
LMAX Exchange made its debut in global ocean racing this year with the sponsorship of the yacht, having set off from London three days ago to embark on the 40,000 nautical mile race.
One month ago, before LMAX had commenced its voyage, David Mercer, CEO of LMAX Exchange, had stated, “Overcoming challenges is at the heart of our business. It takes courage to disrupt the world’s largest financial sector and the competition, ambition and camaraderie required by the Clipper Race will also be a huge motivation for our own team.” After yesterday’s lead, Mr. Mercer can look back on this with conviction.
Earlier this year, Mr. Mercer trekked through the arctic to participate in a Guinness World Record-breaking rugby game at the North Pole. FinanceFeeds wishes LMAX Exchange great success in this tremendous adventure.
