Futures
Institutional EDX Promotes CTO to CEO, Plans Offshore Futures
2024-12-03
EDX Markets, a prominent institutional digital assets trading venue, has witnessed a significant leadership transition. The founding CEO, Jamil Nazarali, now assumes the position of executive chairman, while Tony Acuña-Rohter, the Chief Technology Officer, has been promoted to CEO. This move is set to shape the future of digital asset trading.
"EDX Markets: A New Era in Digital Asset Leadership"
Establishing EDX as a Leading Trading Venue
Peng Zhao, the Board Chair of EDX Markets, emphasizes the significance of Jamil Nazarali's leadership and vision. His efforts have been crucial in making EDX the preferred digital assets trading venue for the world's leading financial institutions. This establishment has laid a solid foundation for the continued growth and success of the platform.The board looks forward to benefiting from Nazarali's insights as he takes on the executive chair role. It is believed that Tony Acuña-Rohter's strong technology background and proven track record in building, operating, and scaling cutting-edge platforms make him the ideal person to lead EDX at this crucial time for digital assets.Background and Experience of Key Personnel
Acuña-Rohter spent a decade at CME Group before becoming the CTO at ErisX, which was later acquired by Cboe. His extensive experience and expertise play a critical role in the pending launch of the perpetual futures platform in Asia. His key in-demand skills are expected to contribute significantly to the success of this venture.Nazarali, on the other hand, headed business development for Citadel Securities before taking on the EDX Markets CEO position. His prior experience and insights bring valuable perspectives to the leadership team.EDX's Notable Achievements and Future Plans
Two weeks ago, EDX announced that it has processed $36 billion in notional trades so far this year. This achievement highlights the platform's growing significance in the digital asset trading space. EDX takes pride in offering a central clearing solution, which sets it apart from other venues and provides added security and efficiency.In related news, in May, EDX launched EDXM Global in Singapore to handle non-US business. It started with a settlement platform and plans to launch crypto perpetual futures trading in Q1 2025, initially focusing on Bitcoin and Ether. Other tokens like Solana and XRP will be added in the following months. The perpetual futures venue will be based in Equinix's TY3 data center in Tokyo, benefiting from a central clearinghouse and net settlement. Kai Kono, who joined from Zodia Custody, heads EDXM Global.