AAX, the next-generation cryptocurrency exchange that offers over-the-counter, spot, and futures trading across a variety of digital assets, announced today that it has joined London Stock Exchange Group’s (LSEG) Partner Platform. It is the first cryptocurrency exchange to join the Partner Platform building on the existing technology relationship between AAX and LSEG. In November, LSEG deployed its Millennium Exchange™ matching engine at AAX in the first cloud-based 24-hour environment implementation of the trading solution.
LSEG’s Partner Platform offers AAX the ability to expand its services and reach institutional clients in Europe, North America and Asia over LSEG’s Global Innovation Network, a purpose-built network infrastructure to support financial services transactions. It also offers LSEG’s connected client community of investment firms, sell-side brokerages, data and technology vendors the ability to access AAX directly over their existing connections to LSEG, simplifying and accelerating the on-boarding process. It represents a significant step forward in providing a cryptocurrency exchange trading platform to institutional capital.
Founded in April 2018, to serve both retail and institutional investors, AAX launched its platform earlier this month and today held an event to mark the go-live at London Stock Exchange.
Thor Chan, CEO of AAX said:
“We set out to build an exchange that would be both easy-to-use and accessible to retail traders, as well as being fast enough and robust enough to meet the regulatory, compliance and performance requirements for institutional investors. This further step in our relationship with London Stock Exchange Group will facilitate the onboarding of institutional clients onto our platform and is a great step forward for both AAX and the crypto industry at large.”
Nigel Harold, Group Head Global Business Services, LSEG added:
“We are delighted to welcome AAX on to the LSEG Partner Platform. By joining this innovative initiative, the AAX digital asset trading venue can benefit from LSEG’s extensive experience in enabling business partners to bring their financial applications closer to the trading community, by leveraging our global network of clients and mission critical connectivity infrastructure.”
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, quoting more than 50 cryptocurrency pairs and listing 5 perpetual futures contracts for Bitcoin, Ether, Litecoin, Ripple, and EOS, which can be traded with up to 100x leverage, AAX provides a secure, deeply liquid, ultra-low latency and fully compliant trading platform. It is powered by the Millenium Exchange matching engine, which is capable of handling up to hundreds of thousands of transactions per second at an average latency of under 500 microseconds http://www.aax.com