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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Company details
Year2015
Rank6
CompanyLMAX Exchange
Activitye-FX trading technology
LocationWest London
Average 3 year sales growth181.30%
Latest sales £000s26,155
Staff120
Founded2008
Websitewww.lmax.com

If applicable:

* supplied by company † annualised figure