Aus­tralian fin­tech heavy­weight to launch in­sti­tu­tion­al­grade se­cu­rity to­ken ex­change in Malta

The Malta Business Weekly - - NEWS -

Con­tin­ues from page 1

MDX said yes­ter­day that it elected to es­tab­lish it­self in Malta be­cause “at the fore­front of in­no­va­tive reg­u­la­tory frame­work for vir­tual fi­nan­cial as­sets, which pro­vide the ul­ti­mate foun­da­tion for the se­cu­rity to­ken ex­change”.

"It's a very ex­cit­ing time in the dig­i­tal as­sets space with the rapid emer­gence of se­cu­rity to­kens. Malta Dig­i­tal Ex­change is at the fore­front of the cur­rent Cap­i­tal Mar­kets 2.0 wave," Rick Klink, who will serve as the MDX CEO, said yes­ter­day.

MDX yes­ter­day said it will lever­age Paritech's tech­nol­ogy, which spe­cialises in the de­vel­op­ment and in­te­gra­tion of low touch, low cost, stock mar­ket bro­ker­age sys­tems. The fo­cus on cut­ting-edge tech­nol­ogy and cus­tom­ized so­lu­tions, re­sults in sys­tems suit­able for high-end se­cu­ri­ties trad­ing applications.

The ex­change will fea­ture in­stant or­der match­ing T+0, ad­justable and spe­cial fees (maker-taker), min­i­mum and par­tial ex­e­cu­tions and lim­ited and un­lim­ited or­ders. The ex­change is de­signed for high vol­ume and fea­tures high-per­for­mance ac­cess for B2B clients.

The move fol­lows a re­cent agree­ment be­tween Bi­nance and the Malta Stock Ex­change to launch a new dig­i­tal ex­change for se­cu­rity to­ken trad­ing. That se­cu­rity to­ken trad­ing plat­form will al­low in­vestors to trade and trans­fer crypto se­cu­rity coins.

The Malta Stock Ex­change ex­pressed hopes that the new trad­ing plat­form would lever­age the com­pany’s track record of op­er­at­ing as a reg­u­lated stock ex­change and its ex­pe­ri­ence in reg­u­la­tory com­pli­ance and client due dili­gence.

Bi­nance CFO Wei Zhou said the com­pany was ex­cited to help build the blockchain ecosys­tem in Malta.

"This part­ner­ship will al­low Bi­nance and MSE to host tra­di­tional fi­nan­cial as­sets on blockchain tech­nol­ogy through se­cu­rity to­kens. We look for­ward to bring­ing more in­no­va­tions to Malta and fur­ther es­tab­lish­ing our pres­ence here," he added.

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