ATOM Group (ATOM), a Hong Kong-based global fintech company today announced that its AAX digital asset exchange is adopting the institutional-grade technology from London Stock Exchange Group Technology (LSEG Technology).
AAX is set to launch in H1 2019 and is 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.
Pre-registration on AAX is now open.
“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.”
“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.”
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.
