A New Crypto Exchange in Hong Kong Powered by London

A New Crypto Exchange in Hong Kong Powered by London

Hong Kong-based finch company ATOM Group announced that the London Stock Exchange technology will power its AAX cryptocurrency exchange platform that is planned to be launched the first half of 2019, according to press releases published by both companies.

LSEG technology Millennium Exchange will be the provider of prices, data and information for the AAX digital asset exchange. “Selection demonstrates ability of LSEG Technology’s low-latency, resilient and scalable matching engine to support new markets and asset classes,” says the press release published by the LSEG.

AAX will become the first digital asset exchange platform to use the LSEG Millennium Exchange matching engine. The first crypto venue, but LSEG Technology already “delivers innovative financial services technology to over 40 capital markets organisations globally, including LSEG, HKEX, JSE and SGX.”

World Renowned Within the Crypto Sphere

The LSEG implementation for AAX will take the crypto exchange industry into a new level of industrial backing as LSEG is one of the most respected technology providers in the investing industry.

“We are delighted to have been selected by ATOM to provide a best-in-class technology solution to help power its new exchange,” Ann Neidenbach, CIO, LSEG Technology said. “It underlines Millennium Exchange’s reputation for performance, scalability, flexibility and reliability and we look forward to working with the AAX team ahead of the launch in H1 2019.”

In the same line, ATOM Group highlights the importance of bringing this “world-class institutional-grade technology” into the crypto industry. “The adoption of LSEG Technology’s Millennium Exchange platform for AAX represents an innovative move to embed institutional performance and best practice into the emerging digital asset marketplace.”

LSEG will provide AAX with Institutional-grade technology as used by global exchanges such as LSEG, HKEX and SGX; scalable, compliant platform as used by world-class regulated markets; and industry standard process and operational excellence.

Finally, ATOM also commented that global security company Kroll will work in the cybersecurity of AAX. The Manhattan-based company will ensure that “the highest levels of security are embedded throughout operational processes and technical solutions” in the platform.

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

CoolWallet,Promotion,Wallets

For a Limited Time, You Can Get a Personalised CoolWallet S

Fancy getting yourself a Coolwallet with a personal touch? Then head over to  CoolWallet now and get yourself a customised wallet for you to store your crypto with your name on it. These new customised CoolWallet S cards are offered in a bid to make cryptocurrency investment more attractive to their users. And of course, […]

15 September, 2019
Giveaway,KuCoin,Promotion

Another 2nd Anniversary Promo Announced at KuCoin, KuMEX FOMO

KuCoin is celebrating their 2nd anniversary and to celebrate they have detailed several new promotions, but it seems they aren’t over yet, with one more outlined for KuMEX FOMO. Earlier this week, we detailed 5 different promotions that will take place over the next 2 weeks, but now there is more which you can get […]

14 September, 2019
Coinbase,Coinbase PRo,Dash,Listings

Dash Set For Monday Coinbase Pro Listing

One of the most popular trading options in the crypto world, Dash, will go live for trading on Coinbase Pro from Monday, 16th September. While official trading will begin the following day at 9 am (PST) on Tuesday, 17th September, users will be able to begin depositing Dash to their Coinbase Pro accounts up to twelve hours […]

14 September, 2019
Exchange Platforms,Kraken,Listings,Tokens

ICX Now Available On Kraken

Kraken has unveiled the latest asset available for trading on their platform, ICX. The San Francisco-based outfit commenced trading for this new token, which was created by the South Korean blockchain project, ICON, yesterday, 12/09/2019.  However, ICON itself is no newbie to industry and in fact, is one of the oldest and largest blockchain ins […]

13 September, 2019
Binance USA,Launch,Updates,USA

Binance USA Opens Its Doors Next Week

The much-anticipated US trader targeted platform from Binance, Binance USA, will begin opening its door to traders from next week. The news has come at the perfect time for US traders who had previously been going about their day to day trading activity on the generic international Binance platform. This is because after Binance updated […]

12 September, 2019
Closure,Exchange Platforms,Updates

Ethfinex Reveal Further Details on Closure

Last month, Ethinex revealed that they would be shutting up shop in their existing format and rebranding as DeversiFi. While the transition period is on-going, they have detailed some important information about the final closure of their existing operational format. The first point of note in regards to this is the fact that a date […]

11 September, 2019
Exchange Platforms,Giveaway,KuCoin,Promotion

KuCoin Offer 2nd Anniversary Promotions Worth $450,000 to Users

KuCoin are about to celebrate their second anniversary and they want to thanks users with a flurry of new promotions offered on a number of crypto assets over the next two weeks. These new promotions cover a wide range of different trading options, eligibility requests and time limits. With this in mind, they should be enticing to a wide number […]

10 September, 2019
CEO,Exchange Platforms,localbitcoins

LocalBitcoins Name New CEO

Peer-to-peer trading platform, LocalBitcoins has had a shake around in boardroom, with Sebastian Sonntag being named as the new CEO. He will be taking over the reins from Nikolaus Kangas, who is the brother of Jeremias Kangas who founded the exchange platform back in 2012, after being “convinced of Bitcoin’s importance in a global economy”. […]

9 September, 2019