LMAX Group has launched Omnia Exchange, a new infrastructure layer designed to allow institutions to exchange any asset, anytime and anywhere, through a single API.
By utilising LMAX Group’s existing trading technology and liquidity, Omnia will connect FX, crypto, stablecoins and other digital assets on a single platform.
Specifically, the exchange is designed to provide unified access to wholesale liquidity and pricing, enabling users to move and settle value across borders and asset classes on a 24/7 basis.
The new offering will also allow users to trade any asset directly against any other without restrictions on size or asset type, access competitive real-time pricing, and settle either via traditional market infrastructure or instantly on the blockchain, through a combined blockchain-based order entry and centralised exchange execution model.
David Mercer, chief executive of LMAX Group, said: “Omnia Exchange is the foundation for a new paradigm in capital markets delivering the ability for institutions to exchange any asset, anytime, anywhere. By opening access to wholesale FX and digital asset markets globally, we’re removing barriers, reducing friction and unlocking liquidity.”
Read more – LMAX and Ripple enter multi-year partnership to drive institutional digital asset adoption
In addition, the exchange is expected to address trading and payment challenges faced by firms by embedding instant settlement and institutional-grade liquidity into existing ecosystems to reduce transaction costs, unlock trapped capital and enable new revenue models.
