CHICAGO, Dec. 07, 2018 (GLOBE NEWSWIRE) — Seed CX, which through its subsidiaries offers a licensed exchange for institutional trading and settlement of spot digital asset products and plans to offer a market for CFTC-regulated digital asset derivatives, today announced investors can access its market via Deltix Inc.’s institutional crypto-trading platform, CryptoCortex.
Deltix, which launched the CryptoCortex platform this year, has been providing quantitative research, analytics and algorithmic trading solutions for equities, futures, options and forex for over 12 years. The company’s award-winning QuantOffice and QuantServer products serve institutional buy-side and sell-side firms.
“Deltix’s CryptoCortex trading platform is preferred by the world’s most sophisticated quantitative trading firms and market makers, and we expect strong demand for trading on Seed CX’s spot and derivatives markets,” said Ilya Gorelik, Founder & CEO at Deltix.
Available in multiple configurations, CryptoCortex provides advanced digital asset-trading capabilities to buy-side discretionary and systematic traders, market makers, exchanges and broker/dealers.
“We are excited about connecting Deltix’s CryptoCortex platform to Seed CX, as it allows for frictionless access to our markets,” said Edward Woodford, co-founder and CEO of Seed CX. “Partnering with Deltix is another step in Seed CX becoming the digital asset trading standard for institutional investors.”
Seed CX’s investment in its robust compliance and technology infrastructure has the exchange attracting early interest from trading firms and investors everywhere from Asia to down the street from the company’s downtown Chicago headquarters.
“We are very excited to start trading on Seed CX,” said David Nuelle, Managing Director at Hehmeyer Trading + Investments. “We believe that Seed CX will bring the level of professionalism to the digital asset markets that we have come to expect in other conventional markets. The combination of a broad product mix and superior technology will enable Seed CX to become a leading exchange in the digital asset space. We also believe its business model as a regulated SEF will appeal to the institutional community. We intend to be very active on Seed CX from inception.”
About Deltix, Inc.
Deltix was founded in 2005 by a group of computer scientists and mathematicians with extensive expertise in sophisticated quantitative and event-driven solutions. With a growing team of 70, Deltix provides software and services for quantitative research, algorithmic trading and execution analytics across equities, futures, options, FX, fixed income and digital assets. Deltix provides its solutions to institutional systematic and discretionary buy-side firms, sell-side firms and crypto exchanges. For more information, please see www.deltixlab.com.
About Seed CX
Seed CX is a Chicago-based licensed digital asset exchange, which through its subsidiaries offers a market for institutional trading and settlement of spot digital assets, and plans to offer a separate market for CFTC-regulated derivatives. Seed CX is backed by Bain Capital Ventures. Other investors include: trading firms CMT Digital, Queueco, Tetras Capital, BlueFire Capital; well-respected digital asset investing companies, including F2Pool, QCP Capital, Konza Ventures, Origin Capital, Dekrypt Capital, OKCoin USA and Divergence Digital Currency Fund; and investment bank XMS Capital. Seed CX’s Board is composed of co-founders Edward Woodford and Brian Liston, and lead Series A investor Adam B. Struck from Divergence Digital Currency Fund. Salil Deshpande from Bain Capital is on the Board as an Observer.
Zero Hash is a FinCen regulated Money Service Business and Money Transmitter in over 21 States. Zero Hash currently also has a pending BitLicense with NYDFS. Zero Hash custodies both fiat and digital assets, with on-chain settlement.
Seed SEF is a CFTC-regulated Swap Execution Facility (SEF) that plans to offer a market for CFTC-regulated digital asset derivatives.
Seed Digital Securities Market is pending registration as a Broker Dealer with FINRA.
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