Cryptocurrency exchange AAX, to launch, which is preparing FINTECH company from Hong Kong ATOM Group will use in their work mapping technology applications, Millennium Exchange, developed by London stock exchange (LSE).
LSEG Technology Selected by ATOM to Power the AAX Digital Asset Exchangehttps://t.co/ZhId2aYCt0 pic.twitter.com/Uosduc6HG6
— AAX Exchange (@AAXExchange) January 22, 2019
As stated in the LSE Group, AAX will be launched in the first half of 2019 and will be the first exchange of digital assets that employ this technology.
According to CEO ATOM Group Peter Lina, Millennium Exchange will create a platform for safe transactions with cryptocurrencies for retail and institutional clients, and will be the key to its “scalability and compliance to regulatory requirements.” AAX on the website also States that clients will be available OTC-trades with cryptocurrencies.
Technology Millennium Exchange and other products LSE Group are also used by other major trading institutions, including the Hong Kong stock exchange (HKEX), the Johannesburg stock exchange (JSE), Singapore stock exchange (SGX) and the global broker TP-ICAP.
In a separate statement ATOM Group says that security platform will provide the British Kroll, a leading company in the field of cybersecurity.
Today’s announcement was made in the time, as the issue of security and speed of the cryptocurrency platforms are becoming more relevant, especially from the point of view of prospects of attracting traditional investors.
A number of exchanges have developed their own solutions, others are turning to third-party service providers. For example, in November last year the leading European exchange Bitstamp announced the decision to abandon their engine and replace it with a new trading system company Cinnober. Bitstamp also announced the introduction of the platform from the company Irisium to track suspicious activity and manipulation in the market.
Earlier in 2018 new York stock exchange, Gemini has announced a partnership with Nasdaq, which has started using the developed latest technology SMARTS Market Surveillance to monitor trading operations.
In addition, the trading engine from Nasdaq uses Launchpad this year, the Estonian exchange DX.Exchange.