The startup is collaborating with DigitalAssetClear, a new entity created by LCH.
Two companies will jointly offer BTC index derivatives.
The UK's
first regulated and centrally cleared trading venue dedicated to digital asset
derivatives, GFO-X, is set to launch by the end of this year, Finance
Magnates has learned. The project is collaborating with LCH, which will
provide clearing for Bitcoin (BTC) index futures.
GFO-X to Debut Later This
Year
According
to information obtained by Finance Magnates, the FCA-licensed Global
Futures and Options Ltd plans to officially launch GFO-X services before the
end of 2024.
The GFO-X
website has been operational for some time, currently offering only basic
information about the project and the future offerings of the soon-to-launch
trading venue.
“Built
on a robust and secure FCA-regulated platform, our products enable users to
gain market exposure in digital assets in a secure environment with certainty,
reliability, and finality,” GFO-X writes about its services. “All
GFO-X contracts are centrally cleared via LCH DigitalAssetClear to enhance
transaction security and minimize counterparty risk.”
The project
has two co-founders: Arnab Sen, who serves as the CEO of the London-based
company, and Rajesh Melwani, who holds the position of Chief Operating and
Financial Officer.
Sen has
been associated with Hong Kong-based Harbour Capital Management Limited for the
past 15 years, where he collaborated with Melwani, among others. Melwani, in
addition to his eight years at Harbour Capital, gained experience at some of
the world's largest investment banks. These include Bank of America, UBS, and
Barclays, where he held roles as Manager and Managing Director.
“Evolving
regulation will bring digital assets into mainstream finance. This transition
demands traditional market structures to solve the multiple risks currently
associated with the digital asset market,” Sen commented at the end of
2023.
LCH Is Ready to Clear BTC
Derivatives
When GFO-X
launches before the end of this year, it will become the UK's first
FCA-regulated and centrally cleared trading venue for crypto derivatives.
One of the
main partners will be LCH, which is introducing a new segregated central
counterparty clearing service called LCH DigitalAssetClear for this purpose.
The entity reported
in April that it had already obtained the necessary regulatory approval to
clear BTC index derivatives.
“LCH
SA is excited to be working with GFO-X, together with the industry, to provide
a regulated marketplace for this asset class as we look to expand our services
as a truly international clearing house,” Corentine Poilvet-Clédière, CEO
at LCH SA, commented in April.
By the end
of last year, GFO-X had already secured £24 million ($31.5 million) to finance
its operations in a Series B round. The backing came from $435 billion asset
management firm M&G Investments.
The UK's
first regulated and centrally cleared trading venue dedicated to digital asset
derivatives, GFO-X, is set to launch by the end of this year, Finance
Magnates has learned. The project is collaborating with LCH, which will
provide clearing for Bitcoin (BTC) index futures.
GFO-X to Debut Later This
Year
According
to information obtained by Finance Magnates, the FCA-licensed Global
Futures and Options Ltd plans to officially launch GFO-X services before the
end of 2024.
The GFO-X
website has been operational for some time, currently offering only basic
information about the project and the future offerings of the soon-to-launch
trading venue.
“Built
on a robust and secure FCA-regulated platform, our products enable users to
gain market exposure in digital assets in a secure environment with certainty,
reliability, and finality,” GFO-X writes about its services. “All
GFO-X contracts are centrally cleared via LCH DigitalAssetClear to enhance
transaction security and minimize counterparty risk.”
The project
has two co-founders: Arnab Sen, who serves as the CEO of the London-based
company, and Rajesh Melwani, who holds the position of Chief Operating and
Financial Officer.
Sen has
been associated with Hong Kong-based Harbour Capital Management Limited for the
past 15 years, where he collaborated with Melwani, among others. Melwani, in
addition to his eight years at Harbour Capital, gained experience at some of
the world's largest investment banks. These include Bank of America, UBS, and
Barclays, where he held roles as Manager and Managing Director.
“Evolving
regulation will bring digital assets into mainstream finance. This transition
demands traditional market structures to solve the multiple risks currently
associated with the digital asset market,” Sen commented at the end of
2023.
LCH Is Ready to Clear BTC
Derivatives
When GFO-X
launches before the end of this year, it will become the UK's first
FCA-regulated and centrally cleared trading venue for crypto derivatives.
One of the
main partners will be LCH, which is introducing a new segregated central
counterparty clearing service called LCH DigitalAssetClear for this purpose.
The entity reported
in April that it had already obtained the necessary regulatory approval to
clear BTC index derivatives.
“LCH
SA is excited to be working with GFO-X, together with the industry, to provide
a regulated marketplace for this asset class as we look to expand our services
as a truly international clearing house,” Corentine Poilvet-Clédière, CEO
at LCH SA, commented in April.
By the end
of last year, GFO-X had already secured £24 million ($31.5 million) to finance
its operations in a Series B round. The backing came from $435 billion asset
management firm M&G Investments.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
FTX Auditor Prager Metis to Pay $1.95 Million for Negligence
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
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Follow FMevents across our social media platforms for news, insights, and event updates.
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
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👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage.
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In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
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