Welcome to EverybodyWiki ! Nuvola apps kgpg.png Sign in or create an account to improve, watchlist or create an article like a company page or a bio (yours ?)...

Phemex

From EverybodyWiki Bios & Wiki
Jump to navigation Jump to search










Phemex
Private
IndustryDigital Asset Exchange
Founded2018
Area served
Worldwide
Key people
Jack Tao (CEO), Yang Du (Co-founder)
(Algorithmic Trading Specialist)
ProductsCryptocurrency Derivatives Exchange
Number of employees
50 (2019)
Websitehttps://phemex.com

Phemex is a Singapore-based cryptocurrency exchange. It was founded in 2018.[1] Phemex commenced trading on the 25 November 2019.[2][3]

History[edit]

On November 2019 Phemex commercially launched their digital currency exchange platform. Phemex was co-founded by Jack Tao,[4] former vice-president at Morgan Stanley and Yang Du,[5] (Algorithmic Trading Specialist). After working at Morgan Stanley as the global development leader of the investment bank’s Automated Trading (MSET) Benchmark Execution Strategies (BES) Jack Tao resigned from Morgan Stanley in July 2019.[6][7] Jack Tao assembled a team of 30+ senior developers, consisting of 8 executives from Morgan Stanley’s BXS[8] and Enterprise Application Infrastructure teams. The former Morgan Stanley developers have built their own cold wallet system,[9] which assigns an independent deposit address to each user, so that all assets are kept in cold wallets, or offline.[10]

Significant Attributes[edit]

The exchange can manage 300,000 transactions per second,[11][12] and can deliver an order entry and response time of less than 1 millisecond[13] Phemex offers up to 100 times leverage to both retail and institutional investors in bitcoin, ethereum, and XRP contracts.[14] Contracts will soon be able to be backed by not only crypto assets but also by traditional financial products, such as stock indexes, interest rates, foreign exchange, agricultural commodities, metals, and energy.[15][16][17]

References[edit]

  1. Jason David. "Phemex". Unknown parameter |url-status= ignored (help)
  2. "Ex-Morgan Stanley developers launch high-speed cryptocurrency derivatives exchange". Gertrude Chavez-Dreyfuss. 4 December 2019. Unknown parameter |url-status= ignored (help)
  3. "Morgan Stanley Developers Launch Crypto Derivatives Exchange Phemex". Unknown parameter |url-status= ignored (help)
  4. "US Bitcoin Derivatives Market, Highlights of 2019". Unknown parameter |url-status= ignored (help)
  5. "Yang Du". Unknown parameter |url-status= ignored (help)
  6. "Wall Street Veterans Launch Phemex: Crypto Derivatives Platform in Singapore". Unknown parameter |url-status= ignored (help)
  7. "Бывшие топ-менеджеры Morgan Stanley запустили биржу криптовалютных деривативов". Unknown parameter |url-status= ignored (help)
  8. "Ex-Morgan Stanley developers launch high-speed cryptocurrency derivatives exchange". Unknown parameter |url-status= ignored (help)
  9. "New crypto derivatives exchange Phemex launches, with Morgan Stanley bonafides". Unknown parameter |url-status= ignored (help)
  10. "BitMEX Copycats Continue To Dominate Crypto Settled Derivatives Launches". Unknown parameter |url-status= ignored (help)
  11. "Ex-Morgan Stanley Executives Launch Crypto Derivatives Platform in Singapore". Unknown parameter |url-status= ignored (help)
  12. "Bitcoin Daily: Speedy Crypto Exchange Launched By Former Morgan Stanley Developers; Starling Bank Co-founder Joins Winklevoss' Gemini Trust". Unknown parameter |url-status= ignored (help)
  13. "Ex-Morgan Stanley execs launch crypto derivatives exchange Phemex, claiming it to be 'on par with Nasdaq'". Unknown parameter |url-status= ignored (help)
  14. "Former Morgan Stanley Developers Launch Crypto Derivatives Exchange". Unknown parameter |url-status= ignored (help)
  15. Dreyfuss, Gertrude Chavez (4 December 2019). "Ex-Morgan Stanley developers launch high-speed cryptocurrency derivatives exchange". Unknown parameter |url-status= ignored (help)
  16. Dreyfuss, GERTRUDE Chavez. "Ex-Morgan Stanley Developers Launch High-Speed Cryptocurrency Derivatives Exchange". Unknown parameter |url-status= ignored (help)
  17. "Phemex - Bringing Institutional Expertise To The Crypto Derivatives Market". Unknown parameter |url-status= ignored (help)


This article "Phemex" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Phemex. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.


Compte Twitter EverybodyWiki Follow us on https://twitter.com/EverybodyWiki !