David Mercer

Chef Executive
LMAX Exchange

David Mercer is the Chief Executive of LMAX Exchange, the leading MTF for FX, authorised and regulated by the FCA. A former banking executive and currency specialist, David Mercer joined as chief executive in 2011 and has transformed LMAX Exchange into one of the UK’s fastest growing technology companies (2015 Winner - Deloitte UK Technology Fast 50, Tech Track 100 Sunday Times: 2015, 2014, 2013). Leading the industry transformation to transparent and precise execution, LMAX Exchange delivers neutral, level playing field for all market participants, regardless of status, size or activity levels.

The LMAX Exchange OPEN order book is driven by streaming, no ‘last look’ limit orders supplied by institutional liquidity providers. Servicing brokers, funds, asset managers and banks, LMAX Exchange offers a range of key products, including spot FX, precious metals, commodities and equity indices, with complete pre and post-trade transparency and order execution where no ‘last look’ is standard.

Check out the incredible speaker line-up to see who will be joining David.

Download The Latest Agenda

Day 1- Tuesday February 14th 2017

Tuesday, March 8th, 2016

10:00 All Star Panel: How are non-bank liquidity providers approaching FX markets and what are the implications on your FX business?

The evolution of non-bank liquidity- What is the value proposition of non-bank liquidity providers and how can you benefit from this?
How do non-bank liquidity providers structure their models to offer a tailored service to the buy side?
Does the credit risk outweigh the benefits of using non-traditional market makers?
Are the non-bank liquidity providers working with or providing direct competition to the sell side?
How can non-bank liquidity providers survive major 'black swan' events if they are now taking up the role of risk takers and market makers?

16:55 Oxford Style Debate: True or False- Last look is a major hindrance and should be removed from FX markets

True or False- The removal of last look would be a major detriment to FX markets
What is the logic behind last look and what are the triggers for rejecting the tickets?
Does last look hinder ‘fair market’ conditions and benefit the sell side too or is it a fair and open methodology?
Can banks be more transparent with how they handle client flows?
Last look standardization- Should all liquidity providers adhere to last look standards in order to improve transparency and help regulate the usage of last look?