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Q&A with LMAX CEO: Financial sector 'foolish' not to look at virtual currencies

FN asks LMAX’s chief executive David Mercer about the rationale behind introducing trading in Ven, a digital currency based on a basket of fiat currencies, commodities and carbon futures

Last week UK regulated exchange LMAX introduced trading in Ven, a digital currency based on a basket of fiat currencies, commodities and carbon futures.

Ven is used by members of social network HubCulture.com to exchange goods and services, and is pitched as more stable than other virtual currencies because it is priced from a basket.

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