LMAX Exchange to sponsor Clipper Race team

UK tech firm to make debut in Clipper Round the World Yacht Race.

LMAX Exchange to sponsor Clipper Race team

UK technology firm LMAX Exchange has announced it will sponsor a team in the 2015 Clipper Round the World Yacht Race.

Making its global ocean-racing debut, LMAX Exchange will be one of 12 teams participating in the tenth edition of the event, in which amateur crew race across the world’s most challenging oceans under the leadership of a professional skipper. The team will be led by Olivier Cardin, 45, the first Frenchman to ever skipper a team in the 40,000-nautical-mile race.

LMAX Exchange will use the 2015/16 race as an opportunity to take its brand around the world and reinforce its position in global capital markets. The firm will host a number of events in major financial centres including London, Sydney and New York, where clients will be invited to the race village.

David Mercer, the chief executive of LMAX Exchange, said: “Overcoming challenges is at the heart of our business. It takes courage to disrupt the world’s largest financial sector and the competition, ambition and camaraderie required by the Clipper Race will also be a huge motivation for our own team.”

“We are focused on expanding our global reach even further and believe our unique vision for global FX trading is set to lead industry change not only in the UK but globally. This race is symbolic for us, a physical manifestation of our global growth.”

William Ward, the chief executive of race organisers Clipper Ventures, said: “We are very pleased to welcome LMAX Exchange as a first-time Clipper Race sponsor. Their business is built on teamwork and world-class excellence, values that are central to the race.”