Spun out from betting firm, Betfair, in 2012 through a buyout led by chief executive David Mercer, 43, LMAX Exchange is an institutional electronic trading platform for foreign exchange. The London company, which topped last year’s Tech Track 100, had another busy year — trading volumes reached £2.9 trillion and two new operations were opened, in Hong Kong and Tokyo, to support its growing success in the Asia Pacific region. This helped boost revenues in 2014 to £26.2m. It says 70% of its spending goes on technology.
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