March 05, 2018 – Amsterdam, IT GLOBAL LLC and QURREX have announced their strategic partnership on a project to develop a hybrid cryptocurrency exchange. IT Global LLC is a professional software development company which was established in 2010. The IT Global team consists of architects, programmers, project managers and testers with significant experience in development of market-maker systems, risk management systems for complex derivative portfolios, adapters to exchange interfaces, storage of historical data, and programs for robotic trading. IT Global LLC provides its services to the leading financial institutions of the world including Barclays, Credit Suisse, Standard Bank, Societe Generale, Deutsche Bank Bank of America Merrill Lynch, HSBC, Nomura, Moscow Exchange, Russian Trading Systems and others. Cooperation with Qurrex is another great opportunity to show the flexibility and pertinence of its services.
The new generation exchange will dovetail the best features of traditional exchanges with the advantages of a decentralized system, by including the institutional centralized infrastructure of traditional stock exchanges such as NASDAQ, NYSE and LSE as a node within a decentralized blockchain protocol. Qurrex is in the process of developing this secure, high-performance trading platform, which is currently available as a test version of matching component.
Qurrex began work on the first hybrid cryptocurrency exchange in November 2016. The remarkable emergence of cryptocurrencies over the past year has attracted the attention of institutional players and brokers to the sector. The platform, conceived by Qurrex, is being constructed to handle the increase in demand from traditional market professionals. Utilizing the best of both traditional and blockchain exchange platforms, it offers high-performance, user-friendly trading. The Qurrex team believes that its project will become a major gateway for professional institutional stock exchange participants to join the crypto economy.
The exchange is a very sophisticated product that combines software and hardware technologies. It includes more than 30 modules including market-maker and risk management systems. This product requires a lot of highly professional resources and strong management to design and develop the system in a timely manner. “We are grateful to IT Global for their cooperation. They are a company that has significant experience in development of market-maker and risk management systems and they will support us in developing the Qurrex project.” said Qurrex COO, Slava Baikalov.
About Qurrex
A team of seasoned professionals with expertise in investment banking, stock exchange infrastructure development, and business development under the leadership of its Netherlands -based CEO Matthijs Johan Lek has launched the first of its kind hybrid cryptocurrency exchange platform. Qurrex, initiated in November 2016, has integrated industrial-grade infrastructure of traditional stock exchanges with a decentralized blockchain network.. Matthijs Johan Lek has had over twenty years of experience in finance and investment banking and in leading financial institutions. His team includes knowledgeable traders and consultants with significant roles in the cryptocurrency community as well as accomplished architects and experts of traditional stock exchanges from various countries.
Qurrex is attracting funds to support the development of the first of its kind hybrid cryptocurrency exchange, which will encompass the best features of traditional exchanges and offer blockchain technologies for brokers and investors. Qurrex plans to launch its ICO in winter 2018 and aims to attract 50 million USD ($50,000,000). ERC20 Tokens will be available for sale in Bitcoin and Ether, or in USD and Euro. The initial price of one token is 1 US dollar ($1.00 USD). No tokens will be issued after the ICO, and the undistributed tokens will be burnt.
For more information, please, visit www.qurrex.com