Blockchain Platform Eliminates Brokers in Derivatives Trading
Cryptovest
Published Sep 24, 2018 12:32PM ET
Updated Sep 24, 2018 01:41PM ET
Blockchain Platform Eliminates Brokers in Derivatives Trading
A new blockchain-powered derivatives platform is disrupting the derivatives trading market as it eliminates the need for brokers and brokerage platforms to bring about a peer-to-peer (P2P) trading platform.
Launched in cooperation with Thomson Reuters, Level 01 Technologies recently rolled out Level01 Derivatives Exchange in Hong Kong, which it claims, offers a transparent and unbiased environment to trade derivatives contracts, the company said .
Jonathan Loi, Level 01 CEO commented:
"Thomson Reuters is a respected industry leader in providing intelligent information and data, with trust principles aligned with our vision. Our collaboration with Thomson Reuters ensures we have the necessary quality data for Level 01 algorithms to perform most efficiently."
Under the deal, Level 01 will use data feeds from Thomson Reuters as the primary source for its artificial intelligence (AI) deep learning algorithms to enable the platf...
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