The AAX cryptocurrency exchange, which is going to be launched by ATOM Group from Hong Kong, will use the Millennium Exchange bid matching technology developed by the London Stock Exchange (LSE).
According to the message of the LSE Group, AAX will be launched in the first half of 2019 and will be the first digital asset exchange that uses this technology.
According to Peter Lin, CEO of ATOM Group, the Millennium Exchange will create a platform that enables safe implementation of cryptocurrency transactions for retail and institutional customers, and will also ensure its “scalability and regulatory compliance”. The AAX website also states that OTC deals with cryptocurrencies will be available to customers.
The Millennium Exchange technology and other LSE Group products are also used by other major trading institutions, including the Hong Kong Stock Exchange (HKEX), the Johannesburg Stock Exchange (JSE), the Singapore Stock Exchange (SGX) and the global broker TP-ICAP.
In a separate statement, ATOM Group states that the security of the platform will be provided by the UK-based Kroll, a leading cybersecurity company.