LMAX Exchange, an FCA regulated MTF for global FX trading, has become a member of the Linux Foundation, the non-profit organisation dedicated to accelerating the growth of Linux.
LMAX Exchange will be a part of the Linux Foundation’s new Core Infrastructure Initiative, a multi-million dollar project bringing together more than 20 major international technology companies, including Microsoft, Intel, Google and Cisco, to identify and fund critical open-source infrastructure projects in need of investment.
Andrew Phillips, Director of Technical Operations at LMAX Exchange, says: “At LMAX Exchange we are firm believers in the power of open source technology to upend markets and disrupt traditionally opaque and complex systems, especially in the financial services. Linux is a speed and performance workhorse that is pervasive in financial services today, and as Linux Foundation members, we’re excited to collaborate on this transformative technology and help spread the benefits of open source technology.”
“We are proud to welcome LMAX Exchange as the newest member of the Linux Foundation,” says Amanda McPherson, Chief Marketing Officer at The Linux Foundation. “LMAX Exchange is leading the transformation in financial trading with its unique approach to exchange style trading for FX and its innovative use of open code. Their work is sure to be of great benefit for the future of Linux.”