openPR Logo
Press release

LCX and System9 Sign Market Making Agreement

06-15-2020 08:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: LCX AG

LCX and System9 sign partnership

LCX and System9 sign partnership

VADUZ, Liechtenstein and LOS ANGELES, USA – LCX announces a new partnership with System9. System9 and LCX have signed a memorandum of understanding and agreed on a long-term strategic partnership.

Traditional stock exchanges have made it mandatory for every listed company to hire market makers and deploy market-making activities to improve market quality. Market making helps investors find the bid and ask quotes in the financial instruments at all times and at adequate prices. The same principles are now being applied to the trading of utility tokens and other digital assets at cryptocurrency exchanges.

LCX and System9 have agreed to a partnership to roll-out market-making, increase user growth and joint product development.

Benefits of this partnership include:
- Market Making: The purpose of the market making is to provide a superior trading experience of the LCX utility token by enhancing market quality across multiple exchanges in the form of tighter markets and deeper liquidity.

- User Growth and Adoption: Deploying AI-driven algorithmic trading methods to enable potential LCX users to easily purchase LCX Token at third party exchanges with the aim to use these tokens for LCX services within the LCX ecosystem. The market-making will offer assured liquidity which will encourage new users to buy the LCX utility token and eventually pay fees at the LCX platform.

- Product Development: Research and development to create new products and services. Working closely together to develop several smart algorithmic trading solutions to be implemented at LCX Terminal, LCX’s smart trading and portfolio management solution.

System9 is a quantitative trading company co-founded by Peter Sokolow. Peter Sokolow was the youngest member of the Chicago Mercantile Exchange (CME) at the age of 21 where he worked for over 15 years. Now, he is applying successful trading strategies based on AI-enhanced quant-algorithms and over 20 years of trading experience.

LCX AG
Herrengasse 6
9490 Vaduz
Liechtenstein

Press Contact
pr@lcx.com

About System9:
System9 is a quantitative trading company, making the next generation of tools for digital currencies and beyond. Headquartered at Los Angeles USA, System9 is a market maker for digital assets combining decades of trading expertise with cutting edge proprietary technology. System9 leverages the latest in artificial intelligence systems and sophisticated pricing models to bring consistency, efficiency, and transparency to today’s cryptocurrency markets.
https://system9.io/

About LCX:
LCX, the Liechtenstein Cryptoassets Exchange, is a global fintech company that provides a range of products and services for the token economy in a regulated and compliant manner. Founded in 2018, the firm is headquartered in Vaduz Liechtenstein and maintains offices in Switzerland and India.
www.LCX.com - www.Twitter.com/LCX

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release LCX and System9 Sign Market Making Agreement here

News-ID: 2073487 • Views: 426

More Releases from LCX AG

LCX and Chainlink Collaborate to Provide Credible Reference Prices for Cryptocur …
SAN FRANCISCO, Aug. 11, 2020 -- LCX and Chainlink are collaborating to provide transparent and verifiable reference price services for decentralized finance applications (DeFi) and the token economy. LCX has developed its own proprietary data generation methodology and as a data-provider will publish its reference prices and accompanying methodology on the blockchain using Chainlink's decentralized price oracle technology. This combined framework will give institutional entities access to secure, reliable,
ICON Foundation And LCX Partner to Innovate On Security Token Infrastructure
VADUZ, Liechtenstein, and Seoul, South Korea - Liechtenstein Blockchain Innovator LCX declare another association with ICON Foundation. ICON Foundation and LCX have signed a memorandum of understanding and concurred on a long term partnership. The rise of tokenization is changing the monetary business. New advanced protections, otherwise called security tokens, in light of blockchain innovation, may open trillions of dollars in as of now illiquid resources, and result in an
LCX Launches Smart Order For Cryptocurrency Trading
VADUZ, Liechtenstein - Liechtenstein Blockchain Innovator LCX announces the launch of the LCX Smart Order. LCX Smart Order is an automated smart order routing system for cryptocurrency trading. Advanced algorithms compare prices across 10 crypto exchanges in real-time and execute orders at the best market price. The new smart order engine aims to simplify the digital asset management experience for crypto traders, family offices, hedge funds, and other asset managers. The

All 4 Releases


More Releases for System9

The Automotive Vehicle to Everything (V2X) Market Will Be Fiercely Competitive i …
Qyresearchreports include new market research report Global Automotive Vehicle to Everything (V2X) Market Research Report 2018 to its huge collection of research reports. In this report, a detailed overview of the global Automotive Vehicle to Everything (V2X) market has been given. The report takes into account primary and secondary sources in order to predict the Market's future. This report comprises a detailed discussion on the various factors which are expected to
Electric Power Steering System (EPS) Market Demands and Growth Prediction 2017-2 …
Qyresearchreports include new market research report “Global Electric Power Steering System (EPS) Market Research Report 2022” to its huge collection of research reports. The far reaching report here collects alternate points of view having a place with the general Electric Power Steering System (EPS) marketplace which verbalizes the all-encompassing day records and destiny exposures as regards to the dynamic forces at play. The prime aim in the examination report is to
Global Ambient Air Quality Monitoring System Industry Report 2017
This report studies Ambient Air Quality Monitoring System in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering 3M Honeywell Thermo Fisher Teledyne PerkinElmer Horiba Ecotech Aeroqual Tisch TSI Cerex Enviro Technology PCE Instruments FPI SDL UNIVERSTAR SAIL HERO Skyray To Get Sample Copy of Report visit @ http://www.qyresearchreports.com/sample/sample.php?rep_id=1088691&type=E Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market
Global Library Automation Service System Consumption 2017 Market Research Report
Qyresearchreports include new market research report “Global Library Automation Service System Consumption 2017 Market Research Report” to its huge collection of research reports. The Library Automation Service System from the point of view of all its present patterns that are impacting it, is essential to comprehend so as to acquire the most adjusted answer for business procedures in it. These patterns are financial, topographical, monetary, political, buyer, and social, and their