ATOM Group Launches AAX Blockchain Asset Exchange Powered By London Stock Exchange Group Technology
The ATOM Group Has Launched A Blockchain Asset Exchanged That Is Powered By The London Stock Exchange Tech
One of the Hong Kong-based global fintech company’s called the ATOM Group, just went ahead to announce that their AAX digital asset exchange has gone ahead to adopt the new institutional grade technology that is from the London Stock Exchange Technology, also referred to as the LSEG Technology.
The AAX has been set to launch in the H1 of 2019, and it has been considered to be the very first digital asset exchange that has been built on the LSEG Technology Millennium Exchange a matching type of engine, which has been able to also provide some technology services to the London Stock Exchange, together with many other global venues, this is the likes of SGX and HKEX.
The Pre-Registration Of The AAX Program Is Now Open.
According to the CIO of the LSEG Technology, Ann Neidenbach, they are very delighted to be the ones selected by the ATOM Group, in providing best in a class technology solution that will be responsible with powering the new exchange.
It is clear this underlines the Millennium Exchange reputation for the scalability, performance, reliability, and flexibility; as a result, they look forward to working together with the AAX team.
Peter Lin, who is the CEO of the ATOM Group also stated that the digital asset market place is facing a critical need for the incorporation of industry best practices if they are looking to build greater investor confidence within the market. The AAX will be able to leverage from the LSEG Technology platform together with the expertise that will be able to deliver the world-class exchange that is able to provide a trusted, together with a secure digital asset trading platform for all.
With this announcement, it follows a recent Securities and Futures Commission guidelines that can be used for the crypto coins that are trading in Hong Kong.
Lin went ahead to add that with the institutions like the Fidelity Investment getting into the market, together with other participants gearing up for the entry, then they predict that the digital asset class will be prime for the entry of different institutions together with mainstream investors in the year 2019.
With The Agreement In Place, The AAX Will Be Able To Provide The following.
– An institutional grade technology that is similar to what is used by the global exchanges in the market, the likes of SGX, HKEX, and LSEG.
– The technology will be scalable, with the compliant platform the world-class and regulated markets will use it.
– They will also offer operational and the industry standard process to ensure the collaboration is a success.
The collaboration will not only benefit the company as the AAX platform will be able to leverage from the global security leader Kroll, but this is also for use in the cybersecurity. It is to ensure they receive the highest level of security, which will adequately be embedded through all their operational processes together with the technical solutions.