LMAX Group Launches Cross-Asset Exchange for FX and Digital Assets

LMAX Group has launched Omnia Exchange, a trading platform that allows institutions to convert foreign exchange, cryptocurrencies and stablecoins through a unified system operating 24 hours a day.

The London-based exchange operator said the platform combines blockchain-based order entry with centralized exchange execution to enable real-time asset conversion and settlement across borders. Users can access the system through a single application programming interface.

"Omnia Exchange is the foundation for a new paradigm in capital markets delivering the ability for institutions to exchange any asset, anytime, anywhere," said David Mercer, chief executive of LMAX Group, said in a statement this week.

The platform allows direct trading between any supported assets without restrictions on transaction size or asset type, according to the company. Settlement can occur through traditional banking rails or blockchain networks depending on user preference.

LMAX Group said the system is designed to reduce transaction costs and simplify trading complexity for payment providers, wealth managers, custodians, wallets and other financial service businesses. The company operates foreign exchange and cryptocurrency trading venues.

The platform provides access to wholesale liquidity and real-time pricing across asset classes, LMAX Group said. The company described the infrastructure as enabling institutions to move value across borders with the ease of messaging services.

Mercer said the platform removes barriers between traditional and digital markets. "By opening access to wholesale FX and digital asset markets globally, we're removing barriers, reducing friction and unlocking liquidity," he said.

LMAX Group built the platform using its existing technology infrastructure, which the company said provides institutional-grade execution and deep liquidity pools. The firm operates regulated exchanges for foreign exchange spot and derivatives trading alongside a separate cryptocurrency exchange.

The announcement positions LMAX Group to compete with established foreign exchange platforms and emerging cryptocurrency infrastructure providers as traditional financial institutions increase their digital asset activity. Several exchanges and trading venues have launched services aimed at bridging conventional and digital markets.

LMAX Group did not disclose which assets would be available on Omnia Exchange at launch or provide details on the blockchain networks the platform would support. The company also did not specify what regulatory approvals govern the service or which jurisdictions would have access.

The firm did not provide information on trading volumes, the number of participating institutions or technical specifications for settlement times. LMAX Group also did not detail fee structures or minimum transaction sizes for the platform.

The platform launch comes as institutional interest in unified trading infrastructure has increased amid growing stablecoin adoption and regulatory clarity in some jurisdictions. However, many financial institutions remain cautious about integrating digital assets due to operational complexity and compliance concerns.

LMAX Group operates exchanges regulated in the United Kingdom, with additional licenses in other jurisdictions. The company was founded in 2010 and focuses on institutional foreign exchange and cryptocurrency trading.