Cross-asset marketplace LMAX Group has unveiled Omnia Exchange, described as “a next-generation infrastructure layer” that enables users to convert any asset in real-time with a single application programming interface (API).
The new service combines the transparency and efficiency of blockchain order entry with the best execution of a centralised exchange. It leverages LMAX Group’s technology and liquidity, unifying FX, crypto, stablecoins, and other digital assets in one platform. Clients get access to unified wholesale liquidity and pricing, allowing them to move and settle value instantaneously across borders and asset classes.
Functions include:
• The trading of any asset directly against any other 24/7 without restrictions on size
• The sending of value across borders
• Access to liquidity with competitive, real-time pricing
• Settlement on both traditional rails and instantly on blockchain
The firm reveals in a press release that with Omnia, the aim is to simplify trading and payment complexity, unlocking capital and reducing transaction costs across a wide range of industries from payment providers, retail finance and wealth managers to mobile networks, wallets, custodians and social platforms”.
