Exberry expands advisory board

Exberry, a provider of exchange technology has appointed Tony Mackay, the the founding CEO and Chairman of Chi-X Europe – an Instinet led consortium of global trading firms and investment banks– to its Advisory Board. 

Mackay will play a key role in advising the direction of the company and support Exberry in delivering its plans to introduce cloud based multi-asset class exchange infrastructure technology to the wider global market, enabling traditional, alternative and digital asset exchanges to launch, pivot and scale effectively. 

Anticipating the potential of emerging digital assets and demand for alternative secondary market trading opportunities, Exberry’s infrastructure overcomes the limitations of existing exchange technology. It also enhances current exchanges’ capabilities and creates a platform for new digital asset and alternative asset class models. 

Mackay brings a unique perspective on the global exchange marketplace. He was a pioneer of institutional electronic trading at Instinet between 1995 and 2012, including founding Chi-X Europe. By 2010 Chi-X Europe became the biggest pan-European intra-day trading venue with over 20 per cent of the continuous trading volume. In 2012 American Exchange BATS (now part of CBOE) bought Instinet Europe. He also founded Chi-X Global which developed alternative markets in Canada, Australia, Singapore and Japan. 

He is currently CEO and founder of XB Market Ventures and Xbourse Global which are involved in a range of digital asset projects in Bermuda, Australia, Singapore and Israel. Tony is also an advisor and NED to the Australian digital gold and commodities investment firm, Infini Gold. A key deciding factor in Mackay joining the advisory board is Exberry and Digital Asset recently announcing their partnership to deliver integration of DAML and DABL technologies with Exberry.

Exberry delivers a core matching engine that is light to deploy and easy to integrate into new and existing ecosystems through well-documented APIs and  an easy to access sandbox. This is delivered as a “Matching Engine-as-a-Service” concept, allowing clients to reap the full benefits of a cloud-based or on premise solution. The modular, cloud-ready structure allows trading and market infrastructure technology to scale easily.  

Erez Zada, CEO of Exberry, says: “We are delighted to welcome Tony Mackay to our advisory board as we build on our early success and enter the next stage of Exberry’s development. He brings a combination of tremendous vision and experience in the global exchange world, with a clear passion to apply new technologies to scale and support clients of every size, location and asset class. It has been clear from all our discussions, that Exberry will form a key part of his transformation vision, and on a global scale.  His pedigree as an industry pioneer, founding, launching and successfully growing exchanges and technology firms will be invaluable to our leadership team as we leverage our early successes and scale to meet the pace of industry demand” 

Mackay says: “I am looking forward to working with the Exberry management team. We are on the cusp of digitisation in the exchanges and markets world and the Exberry timing couldn’t be better. Every exchange and marketplace operator wants to free itself from the choking limitations of legacy technology to take advantage of new possibilities and seize the potential of new asset classes. But they need to move quickly. The world is changing at pace and the Exberry matching engine technology makes it easier for exchange innovators to launch new products quickly and securely and integrate them seamlessly into the wider financial markets ecosystem.” 

The announcement follows Exberry unveiling new partnerships with major digital asset players, LDX and Digital Asset.