AAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology

AAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology
ADVERTISEMENTSAAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology
AAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology
AAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology

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Hong Kong-based global fintech company ATOM Group (ATOM), has announced its AAX digital asset exchange,  set to launch in H1 2019, is using institutional-grade technology from London Stock Exchange Group Technology (LSEG Technology).

“The digital asset marketplace faces a critical need for more industry best practice in order to build greater investor confidence. AAX will leverage LSEG Technology’s platform and expertise to deliver a world-class exchange that provides fair, trusted and secure digital asset trading for all,” said Peter Lin, CEO of ATOM Group.

AAX will be the first digital asset exchange to be built on LSEG Technology’s Millennium Exchange™ matching engine, which also provides technology services to London Stock Exchange and other global venues such as HKEX and SGX. This will enable AAX to deliver high performance, reliable and trusted services to investors who demand greater reassurance as digital asset markets globally face fears over security, market manipulation, and unreliable peak-period performance.

“We are delighted to have been selected by ATOM to provide a best-in-class technology solution to help power its new exchange. 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,” said Ann Neidenbach, CIO, LSEG Technology.

With growing momentum around market regulation and the need for greater market transparency, ATOM is accelerating the development of institutional-grade platforms for investors.

The announcement follows the recent Securities and Futures Commission guidelines for cryptocurrency trading in Hong Kong. “With institutions such as Fidelity Investments entering the market and others also gearing up for entry, we predict the digital asset class is primed for entry by institutional and mainstream investors in 2019,” Lin added.

The agreement with LSEG Technology will enable AAX to provide:

  • Institutional-grade technology as used by global exchanges such as LSEG, HKEX and SGX
  • Scalable, compliant platform as used by world-class regulated markets
  • Industry standard process and operational excellence

The AAX platform will also leverage global security leader Kroll for cybersecurity to ensure the highest levels of security are embedded throughout operational processes and technical solutions.

AAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ citiies. He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe.  In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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AAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology

AAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology
AAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology
AAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology
AAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology
AAX Digital Asset Exchange to be Powered by London Stock Exchange Group Technology