MoonX launches new suite of financial software for exchanges
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MoonX launches new suite of financial software for exchanges 06 November 2019London Reporter: Jenna Lomax
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MoonX has launched a new trading technology suite of financial software and hardware systems for exchanges, brokerages, hedge funds, financial institutions and traders in the UK.
The exchange is hosted on physical servers and uses artificial intelligence, facial and mood recognition technology.
MoonX uses blockchain technology to store data on securities transactions and for taking custody of securities.
According to MoonX, this enables greater transparency, protection of assets, speed and cost-efficiency.
The new trading suite also hosts a wallet solution, created for stock and commodity exchanges, blockchain-powered exchanges, forex traders, banks and over-the-counter brokers.
Other capabilities include a risk management system toolkit for futures, options and leverage trading that minimises financial risk and keep businesses protected and pro-active against financial risks.
MoonX’s processing speed is delivered by its patent-pending matching engine technology.
Nithin Palavalli, founder and chief executive of MoonX, commented: “The speed we provide to businesses means we enhance their efficiency by bringing more opportunities for savings that too consistently for a longer period of time. We welcome institutions to explore our platform and witness transactions throughput at lightning speed.”
He added: “We are using trusted traditional financial technologies and the blockchain architecture to meet the needs of the modern financial market and enhance trading capabilities in the UK.”
In addition, MoonX also offers custodian services. It uses blockchain technology to store data on securities transactions and for taking custody of securities, enabling transparency, military-grade protection of assets, speed and cost-efficiency.
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