Modulus & Quantex Open London Office, Announcing Joint Venture to Digitize the World's Assets
VALETTE, Malta, Oct. 31, 2018 /PRNewswire-PRWeb/ -- Modulus, developer of the world's fastest exchange matching engine, and Quantex, a regulatory compliant digital asset exchange and services provider, have announced a partnership destined to bring robust, resilient, and high-performance blockchain-enabled financial services products to institutional customers. Together, the companies will launch a new sales office in London, which will be led by Jack Hamilton, Quantex's Chief Client Officer.
"This partnership works because both sides bring different core competencies to the table. Quantex boasts a team which includes Nasdaq and TMX alumni, as well as leaders in high-frequency trading and regulatory compliance. Combine that with our decades of experience in financial technology and our suite of exchange, risk, market surveillance, payments, custody, and digital asset liquidity solutions --- that's a winning recipe," said Richard Gardner, CEO of Modulus.
The collaboration will feature a new sales campaign highlighting the Modulus Exchange Solution, which has been dubbed the world's fastest cryptocurrency and token-asset exchange, capable of processing 10 million transactions per second with latency of only 40 nanoseconds. Simultaneously, Quantex is launching its own exchange which is seeking MTF-regulated status under MiFID II in Europe utilizing the Modulus technology suite.
"This is a landmark deal to deploy the world's fastest and most advanced exchange technology to the tokenized asset ecosystem, and it is the first step towards creating a full stack, new economy financial services tool suite," said John Willock, CEO of Quantex.
"Our partnership allows us to target institutional and professional users underserved by the retail-oriented solutions out there today. Our solution was designed with future cryptocurrency regulation and compliance in mind. One of the major problems facing cryptocurrencies is the perception that they are used for illicit activities. Our new offering eliminates the possibility of money laundering and market manipulation using machine learning and other technologies," added Gardner.
About Modulus:
Since 1997, Modulus has provided advanced financial technology products and services to professional traders, brokerages, trading firms, and educational, governmental, and non-profit institutions throughout 94 countries. The company's products and services reach millions of users around the world.
About Quantex:
Founded in Bermuda, Quantex is deploying the talent and tools to enable the convergence between tokenized digital and traditional finance, as well as building the premier facilitator of bringing these universes together.
SOURCE Modulus