BUSINESS AS USUAL AT LMAX EXCHANGE
BUSINESS AS USUAL AT LMAX EXCHANGE FOLLOWING EXTREME CHF
London, 16 January 2015 – LMAX Exchange, the world's only regulated MTF for FX, today
reported business as usual following the extreme market volatility caused by the
discontinuation of the CHF peg by the SNB with the only changes being temporary
increased margins of 10% on EURCHF and USDCHF and 5% on other CHF crosses.
SEO David Mercer commented that "Thursday was a difficult day for the FX marketplace
and our clients following the unprecedented volatility in the Swiss Franc. Our strict risk
controls and robust technology ensured that LMAX Exchange suffered no significant
financial repercussions. We expect business as usual for our clients on Friday with no
change to our international operation in London, Hong Kong and Tokyo. The benefits of
exchange style execution and limit order book transparency were clear to see after the
general market dislocation created by the SNB announcement. "
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