LMAX Exchange Group launches cryptocurrency trade platform
The group that operates under the regulation of Financial Conduct Authority of the United Kingdom indicated that the platform will be only for institutional clients
The LMAX Exchange group, which operates under the Financial Conduct Authority of the United Kingdom (FCA), developed the LMAX Digital cryptocurrency exchange platform to serve its institutional clients. The tool responds to the request of the company’s client portfolio for a more efficient and reliable system for commercial interaction with related institutions.
David Mercer, CEO of the stock exchange, has indicated that they want to offer their institutional clients a platform with which they can acquire, market and store cryptocurrencies with security, high quality and liquidity.
LMAX Digital platform will offer access to stronger digital currencies in the market, including BTC, ETH, LTC, XRP and BCH 24 hours a day, seven days a week. A plus of this initiative is that it offers the same level of security, compliance, KYC and policies and procedures against crimes such as money laundering.
LMAX Digital includes a public rule book for all members; safe wallets, HotWarm and cold with multiple signatures; and a complete custody solution, which gives customers confidence.
As regards the operational aspects, LMAX expects a performance of over 100 thousand messages thanks to the fact that it offers a latency of less than 350 microseconds with 100% uptime. After the launch of the LMAX Exchange platform in London (LD4), the company announced its intention to expand to New York and Tokyo shortly.
M.Pino
Source: Bitcoin.com
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