Sunday 7 September 2014 10:52 pm

Currency exchange group named Britain’s fastest-growing tech firm

LMAX Exchange, the provider of an exchange-based currency trading platform, has been named Britain’s fastest-growing private technology company by Fast Track, after its annual sales rose 307.8 per cent over the past three years to £18.37m last year. The firm ranked fifteenth last year when Fast Track’s list of the 100 fastest-growing companies was published in The Sunday Times, but its trading volume of over $1 trillion last year has propelled it to the top of the rankings. Chief executive David Mercer described the ranking as “unbiased confirmation of the outstanding progress LMAX Exchange has made over the past year in delivering a world class FX exchange.” Meanwhile London-based startup SwiftKey, creators of an alternative keyboard app for Android and backed by Octopus Investments, retained its position as the third fastest-growing tech firm with 219 per cent growth over the period.