Hong Kong – Level 01 Technologies is poised to launch the Level01 Derivatives Exchange, a platform envisioned to be the ultimate fair and transparent environment for the trading of derivative contracts.
The platform is powered by blockchain technology, with a system of smart contracts that serve as an unbiased, automated and trusted intermediary for trade and transaction settlements. This bypasses the reliance on brokerage platforms with human fallibility that could possibly lead to irresponsibility, collusion and even fraud.
The platform utilizes Thomson Reuters data feeds as a trusted source for its AI deep learning algorithms to provide real-time pricing analytics on derivative contracts; the data is also used to ensure transparent, timely and accurate settlement of derivative contracts upon contract maturity.
“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 in the most efficient manner,” says Level 01 CEO Jonathan Loi.
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