Philippines-Regulated CEZEX Exchange Integrates Hydra X Crypto Trading Platform

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

HydraX

Philippines-Regulated CEZEX Exchange Integrates Hydra X Crypto Trading Platform

January 13, 2019
Daryl Low, Chief Executive Officer of Hydra X
Daryl Low, Chief Executive Officer of Hydra X

Hydra X, a Singapore-based fintech firm which develops professional trading technology solutions that connect digital and emerging asset classes with the financial markets, has partnered with leading Asian digital asset exchange, CEZEX, for the integration of Hydra X’s Sigma trading platform as a trading venue.

Daryl Low, Chief Executive Officer of Hydra X, commented:

“CEZEX is a new-generation licensed digital asset exchange, and one of the first and leading venues in Asia to offer fully regulated and secure access to digital and securitized token offerings. The partnership is part of our strategy to become a primary aggregated marketplace for trading venues that connects digital and emerging asset classes. We look forward to making CEZEX one of the pillars of our security token ecosystem, which will be seamlessly accessible via our Sigma trading platform.”

Jack Ser, Chief Executive Officer of CEZEX
Jack Ser, Chief Executive Officer of CEZEX

Jack Ser, Chief Executive Officer of CEZEX, said:

“CEZEX’s integration with Hydra X’s Sigma trading platform will serve as an excellent catalyst for our business and help build a strong and mutually beneficial partnership. CEZEX functions like a traditional exchange, where sponsors introduce listings, broker/dealers introduce customers, and market makers and custodians support the activities of the exchange. The synergy with Hydra X is evident.”

Hydra X uses distributed ledger technology (DLT) to provide mission-critical trading and settlement infrastructure for next-generation marketplaces. Its trading platform provides retail traders and professional quants alike a professional suite of trading tools ranging from price formation to analytics as well as low-latency price discovery and asset transfers across multiple exchanges and brokers globally.

CEZEXCEZEX will integrate Hydra X’s trading platform in order to operate its fully regulated and licensed digital assets trading exchange for multiple asset classes, including currencies, securities and derivatives. The cryptocurrency exchange also provides listing of security tokens in a licensed environment authorized by the Cagayan Economic Zone Authority (CEZA) in the Philippines.

The exchange launched its platform in Hong Kong in late 2018 to allow companies to tokenize their assets. The company is partnered with a licensed broker-dealer in Hong Kong to offer a regulated, compliant digital token trading service.

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