Posts Tagged ‘betfair’

UK, LMAX Troubles

August 15, 2011Andy No Comments »

Apparently things aren’t too well over at LMAX. The LMAX CFD and FX trading backed by Goldman Sachs and owned by Betfair reported a pre-tax loss amounting to £13.2m in the year to April 30, 2011 on revenues of £271,000.

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UK, Chief quits Betfair’s LMAX months after retail launch

April 4, 2011Andy No Comments »

The CEO of Betfair’s financial trading exchange LMAX has left the company – only three months after the trading platform launched for retail investors.

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UK, Betfair’s CFD Exchange Platform gains FSA approval

August 16, 2010Andy No Comments »

Online sports betting exchange operator Betfair is preparing to launch a multilateral financial trading facility for CFDs via its subsidiary LMAX, that is planned to compete with the London Stock Exchange.

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