London, June 5 2018. Pioneering cryptocurrency firm ThinkCoin, a specialist subsidiary of leading brokerage ThinkMarkets, is pleased to announce it has entered into a partnership with GMEX Group, a leading provider of exchange and post-trade solutions. GMEX is the latest company to join the ThinkCoin project after the recent addition of cloud storage pioneers 0chain.
GMEX’s Fusion platform combines GMEX’s traditional centralised trading systems, which are currently live in multiple exchanges and post-trade venues, with the latest blockchain technology offering the best of both worlds for exchanges, clearing-houses and other institutions.
GMEX Fusion’s suite of capabilities will be combined with the TradeConnect multi-asset trading network, using ThinkCoin, the bespoke digital trading token unit of exchange.
GMEX Fusion will be integrated with TradeConnect’s mobile and web front ends. This will deliver options for both decentralised and centralised trading solutions, including CLOB and RFQ matching models, liquidity management, the ability to connect to third party crypto exchanges and a comprehensive set of market data options. The GMEX order execution API will be combined with TradeConnect’s matching model to create a sophisticated and agile trading solution representing the best of traditional centralised and blockchain-powered decentralised solutions.
A multi-asset blockchain-based exchange that will enable the trading of cryptocurrencies, equities, FX, commodities and more, TradeConnect will replace commissions with a levy on all trades that will be rebated to network participants in proportion to their participation. Traders will be connected with each other by an AI-powered scoring and matching model that will ensure the best trading conditions.
GMEX’s solution will be melded with the deep institutional experience and extensive IP of ThinkCoin’s platform and whitepaper. This combination will significantly enhance liquidity within the trading network’s ecosystem, enabling the network to achieve scale far faster than any other blockchain trading solution: factors that will together encourage uptake at a rate never before seen.
Nauman Anees, CEO and Co-Founder of ThinkCoin, commented: “All of us at ThinkCoin are enormously excited to begin our collaboration with GMEX. The company’s culture of innovation and solution-oriented thinking is hugely impressive, and we look forward to together exploring the full potential of on and off-chain solutions to realise the promise of blockchain technology.”
Hirander Misra, Chairman and CEO of GMEX Group also commented, “The ThinkCoin digital token and its associated TradeConnect network integrated with GMEX Fusion will provide traders with the most diverse blockchain-based multi-asset trading and exchange ecosystem on the market today. This brings with it a substantial client footprint from the outset to ensure liquidity, which combined with the experience of the team has all the ingredients to make it a market leading proposition.”
ThinkCoin (TCO) is the digital token fueling the revolutionary new blockchain-based multi-asset trading network TradeConnect.
With ThinkCoin, traders and investors will be able to trade everyday financial products such as currencies (FX), equities, precious metals, commodities and cryptocurrencies using a single cryptocurrency designed for exclusively for trading and investing.
ThinkCoin fuels the TradeConnect network. This unique solution has several advanced features that differentiate it from other networks, such as: complex scoring models – known as Digital Personas – for liquidity enhancement, a unique AI engine for predictive modeling of your trades, and a trade matching engine that removes commissions and creates a connect fee that allows the trader to take part in a rebate pool based on volume. www.thinkcoin.io
Follow us on Twitter: @ThinkCoinToken
About GMEX Group
GMEX Group is a set of companies that offer sustainable and innovative solutions for a new era of global financial markets. 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, commodities, cryptocurrencies and digital assets. 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.
GMEX was founded by Hirander Misra, co-founder of the Chi-X Europe exchange, a successful competitor to the LSE. It represents Mr Misra’s ongoing commitment to exploring new markets and new technical solutions, substantiated many times over with his efforts to expand access to capital markets through fast-emerging digital asset classes and emerging economies like India, Vietnam, Lebanon, Tajikistan and more.
GMEX Group ensures a cohesive strategic direction is maintained and comprises of:
- 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: enables selective seed and early stage strategic investments into market infrastructure and related FinTech companies.