Financial technology leader to debut in Clipper Race

The UK’s leading financial technology firm is to become a debut Team Sponsor in the Clipper 2015-16 Race.

LMAX Exchange will be led by the race’s first ever French Skipper, Olivier Cardin.

LMAX Exchange is an electronic trading platform and financial technology innovator for global foreign exchange - the world’s largest financial sector.

Providing banks, institutions, funds, asset managers and brokers the ability to trade a wide range of markets from spot FX and precious metals to commodities and equity indices - LMAX Exchange became the UK’s fastest growing financial technology company in 2014 and is rapidly expanding globally.

David Mercer, CEO of LMAX Exchange, said: “Overcoming challenges is at the heart of our business. It takes courage to disrupt the world’s largest financial sector and the competition, ambition and camaraderie required by the Clipper Race crew will also be a huge motivation for our own land based team.

“We are focused on expanding our global reach even further and believe our unique vision for global FX trading is set to lead industry change not only in the UK but globally. This race is symbolic for us, a physical manifestation of our global growth.”

With a growing international client base operating in 90 countries, LMAX Exchange is helping lead the way for UK tech companies taking their services overseas.

William Ward, Chief Executive of Clipper Ventures, said: “We are very pleased to welcome LMAX Exchange as a first-time Clipper Race sponsor. Their business is built on teamwork and world-class excellence, values that are central to the race.”

The LMAX Exchange team will be led by Skipper Olivier Cardin, 45. Cardin, who was an IT Project Manager before he became a professional sailor, is the first Frenchman to ever Skipper a team in the race. He said: “I have never been one to do things in half measures, LMAX Exchange is an ambitious company and will match my own vision for the race.”

LMAX Exchange counts many global banks, hedge funds and brokers as its clients with the Clipper 2015-16 Race providing an opportunity to take the brand around the world and reinforce its position in global capital markets. The firm will host a number of events in major financial centres including London, Sydney and New York, where clients will be invited to the race village.

The race reflects LMAX Exchange’s company values of ambition and improvement. Earlier this year, David Mercer, the CEO of LMAX Exchange, trekked through the arctic to participate in a Guinness World Record-breaking rugby game at the North Pole. He aims to join the LMAX Exchange team for part of the race.

Click here to find out more about LMAX Exchange.