Markets
FCA Approves ACCX Crypto Derivatives Site
ACCX Group (UK) Limited, a pioneering digital asset exchange group, has announced a historic achievement. This milestone is the UK’s Financial Conduct Authority (FCA) granting a regulated and centrally cleared derivatives market, designed to enable financial institutions to enhance their trading strategies through futures contracts. and cash-settled options, based on a robust cryptocurrency benchmark.
The company has been authorized by the FCA to operate a multilateral trading facility (MTF) for crypto derivatives, positioning itself as a pioneer in this rapidly evolving space.
Meeting market demand for regulated crypto derivatives
ACCX developed this offering recognizing the significant demand for a dedicated trading and clearing service for crypto derivatives.
“In today’s ever-changing financial landscape, the demand for diversified and sophisticated derivatives products is reaching an unprecedented level. We have worked closely with our network of international institutional players to meet this demand by providing a regulated platform for the trading and centralized clearing of these innovative and exciting products. : Steve Lindsay, CEO of ACCX Group UK
Leverage cutting-edge technology and expertise
“ACCX is strategically positioned to seize this opportunity, supported by a visionary team and a well-thought-out plan,” added Lindsay.
“By adhering to regulatory excellence, fostering key partnerships and continually innovating, we intend to capture significant market share and establish ourselves as a global leader in regulated and cash-settled crypto derivatives trading. Building a successful trading platform is a collaborative effort. The ACCX team has decades of international experience in global derivatives markets and has built exceptional relationships in the financial and regulatory arenas.
The founders of ACCX are very grateful for the unwavering dedication and support we have received from esteemed financial institutions, our valued clients and our knowledgeable advisors, whose invaluable contributions have been instrumental in achieving of this important step. We look forward to continuing our collaborative journey with you, as we pursue game-changing opportunities.
Industry approval and expected impact
Matt Milsom, Portfolio Manager at MHC Digital Group, commented: “We commend ACCX for its foresight into the regulated cash-settled crypto space. With the explosion of digital assets, these new index futures and options will allow us to gain exposure or hedge risk more effectively in a secure and liquid environment. Recent failures of poorly regulated cryptocurrency exchanges illustrate the dire need for world-class governance and regulated derivatives platforms. The lack of need for crypto wallets, since these regulated instruments are cash-settled against an index – a basket of cryptocurrencies – means that financial institutions will, for the first time, be able to transparently gain exposure to a wide range of cryptocurrencies. cryptocurrencies.
Samuel Ho, Executive Chairman of Tickrs Financial Singapore and former CEO of Bursa Malaysia Derivatives, said: “With its foresight and innovative products under the leadership of a world-class regulator in the FCA, ACCX could be a game-changer for global institutional participation in crypto derivatives trading. .”
ACCX’s regulated crypto derivatives trading platform is poised to revolutionize the industry by providing a secure and compliant environment for institutional investors to participate in this rapidly growing asset class.
Source: ACCX
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