LXDX, a firm providing high-performance exchange technology and services, has announced that it is launching a public digital currency exchange that brings the institutional tools of high finance to all investors. The company is led by CEO Joshua Greenwald, former SpaceX automation and propulsion engineer and founder of high-frequency trading firm Greenlight Trading.
Lack of access to liquidity plagues existing cryptocurrency exchanges,” said Will Roman, LXDX Chief Operating Officer. “Substandard order matching times, inadequate security protocols, and market fragmentation drive institutions away from exchanges and to over-the-counter venues.” LXDX solves these issues by providing:
- High-frequency trading capabilities: dedicated colocation, proprietary hardware, full order lifecycle latencies sub 50 microseconds
- Institutional requirements: multi-layer secure cold storage, industry standard market surveillance, full KYC and AML policies, compliant dark pool trading
- Smart routing: algorithmic liquidity provision across the LXDX network of dark pools as well as other top cryptocurrency exchanges
The mission of LXDX is to make capital markets better,” commented Joshua Greenwald, CEO of LXDX, former SpaceX engineer and Greenlight Trading founder. “Our immediate focus is on cryptocurrency and enabling every investor to utilize the exclusive tools, like smart order routing, that only institutions previously could access. When we built top tier infrastructure for traditional markets, our team solved many of the same problems facing cryptocurrency exchanges today. We are excited to bring a higher caliber of technology to cryptocurrency investors everywhere.
LXDX is working with a marquee group of organizations including San Francisco crypto hedge fund Autonomous Partners, Aon in London, and global law firm DLA Piper. LXDX has already deployed its dark pool technology and attracted a round of equity investment, lead by cornerstone investor Dymon Asia Capital Fund LP.