Crypto Exchange AAX Joins London Stock Exchange Group (LSEG) Partner Platform
Crypto platform AAX has announced a partnership with another exchange group, the London Stock Exchange Group’s (LSEG) Partner Platform.AAX, which is a newly launched crypto exchange platform is looking to offer an over-the-counter, spot, and futures trading that would contain varieties of digital assets for users to explore on.More interestingly, AAX would come on as the primary cryptocurrency exchange platform to pen a partnership agreement with Partner Platform developing on the already active technology relationship between AAX and LSEG.As at early November, LSEG had deployed its Millennium Exchange matching engine at AAX in the first cloud-based 24-hour operation for trading.
LSEG TO OFFER AAX ACCESS TO ITS LARGE CLIENTS BASEAs it stands now, LSEG’s Partner Platform will be offering AAX an expansive service capacity to reach out to the clients spanning through different continents; in North America, Asia and Europe over the LSEG’s Global Innovation data-base structure that would uphold financial transactions.Additionally, it would be offering LSEG’s connected clients a community of investment firms, sell-side brokerages, data and technology vendors and also grant them the capacity to access AAX predominantly over existing connections to LSEG, break-downs and augmenting the onboarding scheme.Simply put, it would represent a crucial phase toward offering a cryptocurrency exchange trading platform to institutional users.
Partnership Beneficial For Both PartiesAccording to Nigel Harold, the Group Head Global Business Services, LSEG, - the company is excited to embrace AAX on to the LSEG Partner Platform.Nigel believes that the partnership of both platforms will give the AAX digital asset trading venue the opportunity to benefit from LSEG’s extensive experience.The platform will also be able to bring financial applications closer to the trading community, by leveraging the LSEG's global network of users and mission-critical connectivity infrastructure.Thor Chan, the CEO of AAX shares the same delight as Nigel. According to him, AAX is set out to build an exchange platform that would be both simple and accessible to retail traders, as well as being fast enough and robust enough to meet the regulatory, compliance and performance requirements for institutional investors.This relationship with the London Stock Exchange Group will facilitate the onboarding of institutional clients onto AAX and a good development for AAX and the entire crypto world.
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OlowoI am olowoporoku adeniyi, writer, editor and crypto evangelist, with five years experience in the Blockchain industry.
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