Vaultex is to employ Cinnober’s TRADExpress Trading System and TRADExpress RealTime Clearing for its new Singapore-based security token and tokenised asset exchange for institutional investors, hedge funds and other eligible market participants.
The new exchange will leverage Cinnober’s established trading and clearing systems, which will provide the resilient and reliable technological backbone needed to operate an advanced marketplace.
“Cinnober was a clear choice for Vaultex, in our quest to build a highly scalable, efficient and modern electronic exchange, they stood out from other solution providers,” says Jeffrey Premer, CEO of Vaultex. “Their experienced team and world-class technologies proven by traditional exchanges will allow us to serve our clients competitively, effectively and with instantaneous clearing long into the future.”
“Cinnober’s extensive experience in delivering technology solutions to exchanges and clearinghouses will enable Vaultex to rapidly deploy the proven technical infrastructure, functions and services needed to set up their new, regulated marketplace for institutional investors,” says Peter K Lenardos, CEO of the Cinnober Group.
Cinnober provides trading and clearing technology to marketplaces and clearinghouses globally. Cinnober’s customers include leading exchanges such as the Asia Pacific Exchange (APEX), Australian Securities Exchange (ASX), B3, Bitstamp, Dubai Gold & Commodities Exchange (DGCX), Euronext, Japan Exchange Group (JPX), London Metal Exchange (LME), Johannesburg Stock Exchange (JSE), and Stock Exchange of Thailand (SET).
