MODERNSLAVERY
STATEMENT
Financial Year End: 31st December 2020

MODERN SLAVERY STATEMENT FOR LMAX EXCHANGE GROUP
LIMITED
1. INTRODUCTION
1.1.
We are committed to improving our practices to ensure slavery and human trafficking
are not taking place in any part of our business or our supply chain, and this statement sets
out the steps we have taken during the financial year.
We expect the same commitment from our suppliers, contractors and business partners.
2. ORGANISATIONAL STRUCTURE
2.2.
LMAX Exchange Group Limited (“the Group”) is a privately-owned limited company
headquartered in Jersey and is the holding company of LMAX Exchange, LMAX Global andLMAX Digital. The Group has approximately 150 employees and operates in 11 separate
jurisdictions. The Group is a global financial technology business, operating multiple
institutional execution venues for electronic foreign exchange and crypto currency trading.
This statement applies to each company within the Group.
3. OUR SUPPLY CHAINS
3.1.

The Group’s key supply chains comprise:Technology Service Providers – including Managed Hosting Services, Cloud Solutions,
Software Licenses and Hardware Supply.
People Services - including Recruitment Agencies, People Management Systems,Professional Service Advisors and Benefits Providers.
Facilities Management – including Building Maintenance, Refreshment providers and OfficeConsumable Suppliers, transport and logistics.
4. OUR APPROACH TO SLAVERY AND HUMAN TRAFFICKING
4.1.
We have assessed the risk to the Group’s business and supply chains from modern
slavery and human trafficking as being low.
4.2.
Nevertheless, we are committed to ensuring that there is no modern slavery or humantrafficking in our supply chains or in any part of our business. We act ethically and with integrityin all our business relationships, and this statement reflects our commitment to implementing
and enforcing proportionate and effective systems to ensure slavery and human trafficking is
not taking place anywhere in our business or supply chains.
5. DUE DILIGENCE PROCESSES FOR SLAVERY AND HUMAN TRAFFICKING
5.1.
We engage in business partnerships with established and reputable business
partners/clients, with whom we aim to build long-term partnerships.
As part of our initiative to identify and mitigate risk, we have systems in place to:
LMAX Group is the holding company of LMAX Exchange, LMAX Global and LMAX Digital. Our registered address is Yellow Building, 1A Nicholas Road, London
W11 4AN.

2

•

Identify and assess potential risk areas in our supply chain;•Mitigate the risk of slavery and human trafficking occurring in our supply chains;•Monitor potential risk areas in our supply chain; and•Protect whistle-blowers.
6. THIRD PARTY ADHERENCE TO COMPANY VALUES

6.1.
We have a zero tolerance to slavery and human trafficking. To ensure all those in oursupply chain and contractors comply with our values, we have in place a supply chain
compliance programme. This consists of carrying out the due diligence referred to above as
to the potential level of risk of slavery and human trafficking for any new suppliers or business
partners/clients. Should we discover that any of our suppliers or business partners/clients
tolerate or turn a blind eye to modern slavery, we would take steps to terminate our business
relationships with them at the earliest practical opportunity.
6.2.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 andconstitutes our slavery and human trafficking statement for the financial year ending
December 2020. It was approved by our board on 5th October 2020.

Grant Pomeroy
Finance Director

Date: 5th October 2020

LMAX Group is the holding company of LMAX Exchange, LMAX Global and LMAX Digital. Our registered address is Yellow Building, 1A Nicholas Road, London
W11 4AN.

3