IDEX Creator Aurora Labs S.A. Adds Richard Schaeffer to Advisory Board

September 12, 2018

LOS ANGELES, Sept. 12, 2018 (GLOBE NEWSWIRE) -- Aurora Labs S.A., creators of IDEX, today announced the appointment of Richard Schaeffer to its advisory board. Schaeffer is a former chairman of NYMEX Holdings, Inc. and the New York Mercantile Exchange, Inc. His advisory role is effective immediately.

“Our team has built the industry’s fastest and most user-friendly exchange in the cryptocurrency market with our IDEX trading platform,” said Alex Wearn, CEO of Aurora Labs S.A. “To make this possible, we have chosen the best features of centralized and decentralized exchanges to optimize both safety and speed for our traders. Richard Schaeffer’s leadership and experience in transitioning the NYMEX to a digital platform will be invaluable as we continue to evolve IDEX into a fully-decentralized exchange. He shares our vision of a decentralized exchange, allowing users to trade directly from their own cryptocurrency wallets, as the next evolution in trading. We are delighted to have him on board.”

IDEX is the first in a suite of decentralized financial products being developed by Aurora. It is the first real-time decentralized exchange and currently the #1 dApp in the world by daily users, transactions, and volume. IDEX achieved success using a hybrid architecture which combines the speed of centralization with the security of blockchain settlement. IDEX will transition to a fully-decentralized exchange in the coming months through AURA staking.

“The vision of the Aurora team in building out the IDEX platform has been remarkable,” says Richard Schaeffer. “In my own experience, we saw a transition from traders in the pits circulating paper sheets and shouting orders to a fully-digital platform. Now we’re seeing the continued evolution with truly decentralized, peer-to-peer global trading on IDEX. I’m pleased to be working with Aurora as we continue to innovate and shatter barriers in our industry.”

In addition to his leadership in transitioning NYMEX to electronic trading, Schaeffer oversaw the exchange’s listing and initial public offering (IPO) on the New York Stock Exchange (NYSE). He has served on the board of directors of the Norwegian Financial Derivatives Exchange and as the inaugural chief executive officer of the Green Exchange, an exchange for trading carbon-emission credits.

More information and a video demonstration of the innovative IDEX trading platform is available at https://auroradao.com. Join the conversation on Aurora Labs S.A.’s social channels:

Reddit: https://www.reddit.com/r/auroradao/ Twitter: https://twitter.com/aurora_dao Medium: https://medium.com/aurora-dao Discord: http://bit.ly/AuroraDiscord

About Aurora Labs S.A.Aurora is a collection of Ethereum applications and protocols, including IDEX—the first real-time decentralized exchange—that together form a completely decentralized financial and banking platform. Founded by a group of blockchain enthusiasts who aspire to see digital currency flourish, Aurora aims to provide decentralized financial solutions to anybody in the world. Visit Aurora Labs S.A. at https://auroradao.com/.

Media Contact:Jerry Hirsh310-777-7546 Jerry@pmbcgroup.com

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