Modulus announces UK venture with Quantex for crypto exchange solution

Quantex, a regulatory compliant digital asset exchange and services provider, and Modulus, developer of exchange matching engines, today announced a partnership to bring high-performance blockchain-enabled financial services products to institutional customers.

Together, the companies will launch a new sales office in London, which will be led by Jack Hamilton, Quantex’s Chief Client Officer. The collaboration will feature a new sales campaign highlighting the Modulus Exchange Solution. Simultaneously, Quantex is launching its own exchange which is seeking MTF-regulated status under MiFID II in Europe utilizing the Modulus technology suite.

“This partnership works because both sides bring different core competencies to the table. Quantex boasts a team which includes Nasdaq and TMX alumni, as well as leaders in high-frequency trading and regulatory compliance. Combine that with our decades of experience in financial technology and our suite of exchange, risk, market surveillance, payments, custody, and digital asset liquidity solutions — that’s a winning recipe,” said Richard Gardner, CEO of Modulus.

“Our partnership allows us to target institutional and professional users underserved by the retail-oriented solutions out there today. Our solution was designed with future cryptocurrency regulation and compliance in mind. One of the major problems facing cryptocurrencies is the perception that they are used for illicit activities. Our new offering eliminates the possibility of money laundering and market manipulation using machine learning and other technologies,” added Gardner.