AAX Digital Exchange Announces Ex-IG Group CTO Michael Newell As an Advisor

Michael Newell, ex-CTO at IG Group and former key member of the founding executive team at BATS Europe, has joined digital asset exchange AAX as an advisor to the company on exchange operations matters market trends, exchange policies, ongoing monitoring of operations and institutional partnerships.

AAX counts with Newell in order to deliver a fully compliant, high-performing, and trusted venue for its retail and institutional investors. AAX is the world’s first digital asset exchange to be powered by London Stock Exchange Group technology. The Millennium Exchange matching engine is used since the launch of the venue in H1 2019.

Newell is an industry veteran with a rich experience working with leading market participants in finance, including the London Stock Exchange, Goldman Sachs, and IBM. Apart from his roles at IG Group and BATS Europe, he founded InvestYourWay, an online discretionary investment management service, and set up the first registered robo advisor in the UK, both of which were acquired by IG Group in 2015.

Michael Newell said:  “AAX is the first company I had seen entering the digital asset exchange space with a truly institutional-grade offering. Powered by London Stock Exchange Group Technology, and with a management team that has a firm grasp of the challenges facing large institutions, I believe AAX is poised for success, and I’m delighted to be a part of it.”

Peter Lin, Founder and CEO at AAX, commented: “We are privileged that Michael is joining AAX. He brings with him significant experience and knowledge of building robust, compliant and liquid markets, and we look forward to his counsel as we develop our platform.”

AAX is a subsidiary of ATOM Group, a global fintech company based in Hong Kong with a focus on blockchain technologies and emerging digital assets. Aside from advising AAX, Michael Newell invests in a portfolio of companies and holds advisory and non-executive positions with key startups in the fintech space.