AAX, the Next Generation Cryptocurrency Exchange, Raises the Bar for Trust, Integrity, Security and Performance
November 07 2019 - 9:00AM
JCN Newswire (English)
- AAX's next-generation cryptocurrency exchange gives
retail and institutional investors access to institutional-grade
trading performance with LSEG Technology's Millennium Exchange
matching engine
- High-speed, secure and reliable platform for OTC, spot and
derivatives trading of cryptocurrencies provides seamless retail
and institutional investor onboarding in critical step to
institutionalizing the digital asset class
|
HONG KONG, Nov 7, 2019 - (Media OutReach) - AAX, the world's
first cryptocurrency exchange powered by LSEG Technology, has
launched today and is offering investors greater levels of trust,
integrity, security and performance when trading in cryptocurrency
OTC, spot and derivatives products.
The AAX platform lists more than 50 crypto-to-crypto trading pairs,
as well as five perpetual futures trading contracts offering up to
100x leverage for Bitcoin, Ethereum, Litecoin, EOS, and XRP
contracts. For cash investors, AAX also provides an OTC platform,
which first time cryptocurrency investors or investors looking to
increase their exposure to cryptocurrency assets can convert from
US dollar, Renminbi and Hong Kong dollars.
AAX, which will be open for trading 24 hours a day and seven days a
week, will use the LSEG Technology's Millennium Exchange(TM)
matching engine to power the backbone of the exchange. LSEG
Technology is London Stock Exchange Group's (LSEG) technology
solutions business used across LSEG and other global client trading
venues. The matching engine is capable of handling up to hundreds
of thousands of transactions per second at an average latency of
under 500 microseconds, delivering investors, performance levels on
a par with traditional financial markets. As part of the AAX
deployment, it will be the first time that the matching engine has
been used in a 24-hour trading environment and deployed onto a
cloud computing platform.
AAX combines speed, security, reliability with seamless market
access for retail and institutional investors. With operations in
the heart of Asia, currently the world's largest and most active
cryptocurrency trading region, AAX is the first institutional grade
crypto trading platform from the region. Retail investors will have
access to an integrated account to view their OTC, Spot and Futures
positions, while Institutional Investors will be able to connect
directly with the exchange using FIX and Binary interface
protocols. In future, AAX plans to offer a range of tokenised
assets including securities tokens, asset-backed tokens and
stablecoins.
"AAX is setting the standard for the next generation of
cryptocurrency exchanges, offering much higher levels of trust,
integrity, performance and security than has previously been
available to retail and institutional investors," said Thor Chan,
CEO and co-founder of AAX. "The combination of LSEG Technology's
matching engine with the highest standards in compliance and
security protocols, position AAX as the only institutional-grade
exchange in Asia serving the world's most active and fastest
growing crypto-currency markets."
"LSEG Technology is delighted to have successfully deployed our
world class matching engine capabilities at AAX. This is the first
time that Millennium Exchange has been deployed in the cloud,
bringing its scalability, flexibility, reliability and seamless
direct market access to AAX," said Ann Neidenbach, CIO, LSEG
Technology.
AAX is built from the ground-up with world-class technology
platforms.
* AAX's deployment of LSEG Technology's matching engine is capable
of processing large volume orders with latencies as low as 90
microseconds with an average latency of under 500 microseconds, at
a rate of hundreds of thousands of transactions per second.
* Simple and fast onboarding with direct market access to LSEG
matching engine for institutions via FIX and binary protocols.
* Highly secure and scalable core systems with world-class global
cloud infrastructure and partnership with Kroll for best-in-class
security frameworks and tools
* Industry-leading KYC/AML procedures and market monitoring
capabilities from data and information provider Refinitiv and
blockchain analytics provider Elliptic
AAX is built for the rapidly changing future of
regulatory-compliant digital asset markets.
"We are at a unique point in time where both retail and
increasingly institutional investors are directly interacting in a
dynamic cryptocurrency landscape," said Chan at AAX. "This requires
both an institutional-grade trading platform but also a level of
flexibility to innovate to meet changing regulatory needs and
fast-moving market needs."
About AAX
AAX is part of Atom International Technology Limited, a specialist
in decentralized blockchain solutions using leading-edge digital
technology. AAX is the world's first digital asset exchange to be
powered by LSEG Technology. Offering OTC, spot, and futures
trading, it provides highly secure, deeply liquid and ultra-low
latency trading across a wide range of cryptocurrencies and digital
assets. http://www.aax.com
For further information:
Edelman Hong Kong (On behalf of AAX)
Tiffany Chan
+852 3756 8632
Tiffany.Chan@edelman.com
Source: AAX
Copyright 2019 ACN Newswire . All rights reserved. |
London Stock Exchange (LSE:LSEG)
Historical Stock Chart
From Aug 2024 to Sep 2024
London Stock Exchange (LSE:LSEG)
Historical Stock Chart
From Sep 2023 to Sep 2024