LMAX Exchange reports record profits for 2016

FX platform posts EBITDA of £5.6 million, representing annual rise of £4.2 million

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Future growth: “We are striking the right balance between pure volume metrics and the more important higher-value sustainable business" – David Mercer

LMAX Exchange has reported record profits of £2.2 million in its full-year results for 2016, in a sharp turnaround from 2015 when the trading platform’s accounts showed a loss of £1.4 million, citing investment in technology, geographical expansion and product diversification as reasons behind the positive results.

For 2016, LMAX Exchange posted earnings before interest, tax, depreciation and amortization (EBITDA) of £5.6 million, representing an annual increase of £4.2 million.

The firm’s rev