ACCX Group (UK) Limited, a pioneering digital asset exchange group, announced a landmark achievement. The milestone is the licensing by the UK’s Financial Conduct Authority (FCA) of a regulated and centrally cleared derivatives marketplace, designed to empower financial institutions in elevating their trading strategies through cash-settled futures and options based on a robust benchmark index of cryptocurrencies.
The company has been authorised by the FCA to operate a Multilateral Trading Facility (MTF) for crypto derivatives, positioning itself as a trailblazer in this rapidly evolving space.
Addressing Market Demand for Regulated Crypto Derivatives
ACCX has developed this offering recognizing the significant demand for a dedicated trading and clearing service for crypto derivatives.
“In today’s ever-evolving financial landscape, the demand for diverse and sophisticated derivatives products is at an all-time high. We have worked closely with our network of international institutional market participants to satisfy this demand by providing a regulated platform for trading and centralised clearing of these exciting innovative products.” : Steve Lindsay, CEO of ACCX Group UK
Leveraging Cutting-Edge Technology and Expertise
“ACCX is strategically positioned to seize this opportunity, backed by a visionary team and a well-thought-out plan,” Lindsay added.
“By adhering to regulatory excellence, fostering key partnerships, and continually innovating, we intend to capture a major share of the market and establish ourselves as a global leader in regulated, cash-settled, crypto derivatives trading. Building a successful trading venue is a collaborative endeavour. The ACCX team has decades of international experience in global derivatives markets, and has forged outstanding relationships within financial and regulatory spheres.
The founders of ACCX are very grateful for the unwavering dedication and support we have received from esteemed financial institutions, our valued clients, and our knowledgeable advisers, whose invaluable contributions have been instrumental in attaining this significant milestone. We eagerly anticipate continuing our collaborative journey with you, as we pursue groundbreaking opportunities.”
Industry Endorsement and Anticipated Impact
Matt Milsom, Portfolio Manager at MHC Digital Group, commented, “We applaud ACCX for their foresight in the regulated cash-settled crypto space. With the explosion of digital assets, these new index futures and options will allow us to gain exposure or hedge risk more efficiently in a secure and liquid environment. Recent failures of loosely regulated crypto-exchanges illustrate that world-class governance and regulated derivatives venues are much needed. The lack of need for crypto-wallets, since these regulated instruments are cash-settled against an index – a basket of crypto-currencies, means that financial institutions will, for the first time, be able to seamlessly gain exposure to a broad spectrum of cryptocurrencies.”
Samuel Ho, Executive Chairman of Tickrs Financial Singapore and former CEO of Bursa Malaysia Derivatives, says, “With their foresight and innovative products under a world class regulator in the FCA, ACCX could be the game changer for global institutional participation in crypto-derivatives trading.”
ACCX’s regulated crypto derivatives trading platform is poised to revolutionise the industry by providing a secure and compliant environment for institutional investors to participate in this rapidly growing asset class.
Source: ACCX
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