Singapore’s Hydra X Partners with Seed CX
SINGAPORE, March 21, 2019 (GLOBE NEWSWIRE) -- Singapore-headquartered financial technology company Hydra X today announced a partnership with U.S.-based Seed CX, the institutional digital asset exchange headquartered in Chicago. Through its subsidiaries, Seed CX offers a licensed exchange for institutional trading and settlement of spot digital asset products, and plans to offer a market for CFTC-regulated digital asset derivatives.
The partnership will integrate Seed CX as one of the trading venues available on Sigma, an advanced multi-asset and multi-venue trading platform by Hydra X which is open for beta now. Once the integration is complete, users who have accounts with Seed CX will be able to view prices, transact and monitor their portfolios on the Sigma platform. In addition to adding another regulated exchange to the Hydra X financial ecosystem, the integration with Seed CX allows institutional users access to a fiat-cryptocurrency gateway.
“Our Sigma trading platform aims to create a truly integrated cross-asset and cross-venue ecosystem by offering a seamless user experience across different asset classes and trading venues. A connection with Seed CX will bring us much closer to this goal. This partnership will also be useful in expanding our user base to include institutional traders seeking regulated and secure access to the world of digital assets,” said Daryl Low, CEO, Hydra X.
“Seed CX aims to be the preeminent exchange for institutions that wish to trade in digital assets, and connecting to platforms like Sigma is part of that,” said Edward Woodford, Seed CX co-founder and CEO. “In a short period of time, Hydra X has demonstrated real technological leadership, and we’re very excited for Hydra X customers to connect to Seed CX.”
Hydra X provides cutting-edge technology, including the use of distributed ledger technology (DLT), to provide mission-critical trading and settlement infrastructure for digital and traditional asset marketplaces. At the core of Hydra X is the Sigma trading platform, a modular, high-performance, trading platform for retail and professional traders alike. Sigma offers a professional suite of trading tools ranging from price formation to analytics, while facilitating instantaneous price discovery and asset transfers across multiple exchange and brokers globally. Sigma is currently open for beta now.
For Media Enquiries
Trina Gan Hydra Xtrina@hydrax.io
Hunter StuartSeed CXhunter@propllr.com
About Hydra X
Hydra X provides cutting-edge technology, including the use of distributed ledger technology (DLT), to provide mission-critical trading and settlement solutions for digital and traditional asset financial marketplaces. Hydra X’s trading infrastructure technology brings uniformity, simplicity and sophistication to the markets in which it operates. Its comprehensive suite of solutions covers the entire transaction chain across multiple asset classes – from pre-trade to post-trade, exchange-traded to off-exchange transactions and portfolio management.
About Seed CX
Seed CX is a Chicago-based licensed digital asset exchange, which, through its subsidiaries, offers a market for institutional trading and settlement of spot digital assets, and plans to offer a separate market for CFTC-regulated derivatives. Seed CX is backed by Bain Capital Ventures. Seed CX wholly owns a number of subsidiaries:
Seed Digital Commodities Market is a spot exchange for digital asset commodities.
Zero Hash is a FinCen regulated Money Service Business and FX Dealer as well as a Money Transmitter in more than 30 States. Zero Hash custodies both fiat and digital assets, with on-chain settlement.
Seed SEF is a CFTC-regulated Swap Execution Facility (SEF) that plans to offer a market for CFTC-regulated digital asset derivatives. Seed Digital Securities Market is pending registration as a Broker Dealer with FINRA and an ATS with the SEC.