LMAX
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06 Dec 10
11:13
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Date Joined:
23 Nov 10
I see the lmax API service is being pushed on the homepage with comments like "allow to you act like a professional trader" but I thought I remember reading that Lmax was basically a 'mugs only' service - ie, anybody with a clue who tried to start running high frequency trading software on the platform that regularly beat the price would be booted off the site and told euphemsitically that: "the service wasn't aimed at people like them" and that it was targeted exclusively at what are politely called "retail customers" ie mugs...does anybody have an inkling which it is? have they changed their mind and decided to allow professional hft traders to have a bite of the cherry after all does anybody know?
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I think your thinking of IG markets and other like this...Lmax (betfair) is not taken any side on the trade (just like betafir doesn't in sports/Horse racing) as such,Lmax (betfair) should not care who get the moneny, this is one of the major points of diffrents with Lmax isn't taking any risk, when the other CFD shops do take sides
Lmax is 73.5% own by betfair , 12.5% own by Goldman Sachs, 14% own by Lmax management...Goldman Sachs, JPMorgan and Optiver provide most of the liquidity on Lmax, but it is hope that other people will come to Lmax and make there on markets (be market makers) by the API service
Just looking at the spead and the cost between Lmax and IG markets, then Lmax wins by a long why on cost and smaller speads..But right now, Lmax hasno CFD on stockets, but I believe that will come next year
Lmax is 73.5% own by betfair , 12.5% own by Goldman Sachs, 14% own by Lmax management...Goldman Sachs, JPMorgan and Optiver provide most of the liquidity on Lmax, but it is hope that other people will come to Lmax and make there on markets (be market makers) by the API service
Just looking at the spead and the cost between Lmax and IG markets, then Lmax wins by a long why on cost and smaller speads..But right now, Lmax hasno CFD on stockets, but I believe that will come next year
I believe Lmax will cut into IG Group profit margins in the UK alot next year...
^ i very much doubt that. Lmax doesn't take any side on the trade, but Goldman, which has a sizable stake in the company does...
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