Delivering world’s lowest latency cryptocurrency exchange platform
London, 14th March 2018. GMEX Technologies (GMEX), a wholly owned subsidiary of GMEX Group and a provider of multi-asset exchange trading and post trade technology delivered through a partnership driven approach, is delighted to announce that the Blockchain Board of Derivatives (BBOD) will be the latest Exchange to implement GMEX Fusion, a unique integrated centralised and distributed exchange platform solution.
As one of a new breed of cryptocurrency derivatives exchanges, BBOD is looking to attract multiple diverse participants and provide market-leading liquidity by providing a venue where futures and swaps on Ether and Ethereum-based tokens can be traded. BBOD is partnering with GMEX to deliver a technology solution aimed to attract both retail investors and deliver the scale and functionality to meet the needs of the institutional marketplace. This is a significantly differentiated offering compared to the current crypto trading ecosystems who traditionally suffer from fundamental issues including the lack of basic controls and redundancy, which leads to frequent flash crashes and system downtime. GMEX Fusion was chosen as the preferred trading platform by BBOD following extensive stress and performance testing and has been proven to support significantly higher volumes and matching speeds than other market solutions in addition to advanced crypto asset support.
Hubert Olszewski, Director of Business Development & Communications at BBOD commented, “We have been working with GMEX to create the world’s fastest crypto order matching engine for cryptocurrency traders, empowering them to hedge their positions against price volatility.” He added, “Having a partner who has previously implemented trading solutions and services, and delivers support for both traditional and crypto exchanges, ensures that the project is well on track for launch in June.”
GMEX Fusion, launched in January, has been specifically designed to support the latest technology and business challenges impacting crypto exchanges, traditional exchanges and emerging markets. In collaboration with clients, GMEX Fusion was built for professional traders in an industry where standards exist and need to be integrated with including FIX protocol. Catering for colocation, market surveillance, redundancy and increasingly, where uptime is critical, addressing the need for centralised and distributed technology to be implemented together.
The project to implement Fusion at BBOD includes integration with Mobile Trading Partner’s GUI, APIs and post trade application. BBOD introduces the world’s only non-custodial smart contract wallet system for leverage trading allowing traders’ funds to remain under their personal control on the blockchain. As a result, the trader’s crypto-funds never leaves their pocket.
Hirander Misra, CEO of GMEX Group and Chairman GMEX Technologies commented, “We are delivering an advanced exchange trading platform to BBOD with full crypto asset support and blockchain integration to trade Ethereum derivatives with a combination of ultra-fast order matching and security of funds.” He added, “We are looking forward to working with them to support this new unique cryptocurrency derivatives Exchange.”
About GMEX Group Limited
GMEX Group is a set of companies that offer sustainable and innovative solutions for a new era of global financial markets by being a global provider of innovative multi-asset exchange trading and post trade business solutions and technology ecosystems.
Providing business expertise, the latest technology, connectivity & operational excellence delivered through an aligned partnership driven approach. We use our extensive market infrastructure experience and expertise to create an appropriate strategic master plan with exchanges, clearing houses, depositories, registries and warehouse receipt platforms.
Our key business solutions enable the creation and operation of cost effective electronic exchanges and post trade infrastructure in multiple asset classes including equities, debt, FX, derivatives and commodities. We operate in both developing and developed markets through the establishment of cohesive business and technology ecosystems. GMEX offers the added benefit of interconnection to multiple partner exchanges, to create global networks of liquidity.
The GMEX Market Advancement Programme (MAP) is all about partnerships and creating an ecosystem with exchanges and post trade market infrastructure operators to deliver centralised, decentralised & hybrid solutions in a collaborative fashion.
GMEX Group is comprised of four main businesses:
- GMEX Technologies is a provider of multi-asset exchange trading and post trade technology through a unique partnership driven approach
- GMEX Innovation conducts R&D of technologically advanced new product solutions for exchange trading, clearing and settlement
- GMEX Services provides strategic consultancy, implementing services & support for exchanges and market infrastructure providers
- GMEX Investments makes selective seed and early stage strategic investment into market infrastructure and related Fintech companies
For more information visit www.gmex-group.com or follow us on Twitter @GMEX_Group
The Blockchain Board of Derivatives (BBOD) is a cryptocurrency derivatives exchange with marketing and research offices in Cambridge, UK. BBOD’s cryptocurrency derivatives exchange has been created in partnership with GMEX. BBOD has issued its own token, which is used to pay for the transaction fees on the BBOD exchange, and offers a rebate as an incentive to use the token to pay for the transaction fees. The tokens are called BBD and can be purchased for Ether (ETH) on www.etherdelta.com and soon from some of the largest cryptocurrency spot exchanges in the world. BBOD is launching globally in June 2018.
A unique venue to trade Ethereum derivatives, combining ultra-fast order matching with fund security.
Ultra-fast Order Matching
BBOD’s crypto-derivatives exchange is built on GMEX’s ultra-fast and centralised order matching technology providing a throughput of 1,250,000 messages per second with an average matching speed of 0.75 microseconds. It has an average external roundtrip latency of sub 20 microseconds via a binary interface and a sub 75 microseconds via a FIX interface and is available, 24/7, 365 days a year.
Your Crypto-funds Never Leave Your Wallet
BBOD introduces the world’s only non-custodial smart contract wallet system for leveraged trading, allowing trader‘s funds to remain under their personal control on the blockchain. As a result the trader’s crypto-funds never leaves their pocket.
Ethereum-based Futures Contracts
BBOD’s derivatives contracts are crypto-settled in Ether (ETH) and exist in order to permit the Ether trader, the ERC20 token trader and Ether-miner to hedge their portfolio against price fluctuations.
For more information, please visit: http://www.bbod.io/