As a Recognised Market Operator (RMO) by the Monetary Authority of Singapore, LMAX Exchange offers FX NDF trading to institutional clients via Singapore (SG1) and London (LD4).

Our central limit order book model delivers efficient market structure, transparent price discovery and precise, consistent execution to all market participants including banks, non-banks, proprietary trading firms, institutional brokers, asset managers and buy-side institutions.

  • Asian USD Crosses: INR, KRW, TWD, IDR, PHP; CNY, MYR (Q2’24)
  • LATAM USD Crosses: BRL, CLP, COP, PEN (Q2’24)
  • Tenors: 1 Month, EOM, IMM

  • LMAX FIX 4.2/4.4
  • LMAX Proximity, cross-connect at Equinix SG1 and LD4, PoP at Interxion and extranet/hosted services

  • RMO Member Brokerage Schedule for FX NDFs
    • Schedule operates on a flat fee basis.

    Maker/Taker schedule

    Taker commission ($ per $m) Maker commission ($ per $m)
    8 4

Pre-trade historical data ‐ on request

Post-trade historical data ‐ on request

  • LMAX Exchange FX NDF factsheet ‐ download