In Valletta this month, the Malta Digital Exchange (MDX) has relocated its offices to the Malta Stock Exchange (MSE). The ever expanding Malta Digital Exchange’s relocation show MDX’s commitment. Their aim is to boost efficiencies and reduce costs of the blockchain-based trading system. They are experts in the financial services and technology sectors.
Under the definitions of Malta’s VFA Act, MDX facilitates regulated trading of Virtual Financial Assets. It is currently waiting for a securities license to operate a multilateral trading facility. This will enable them to introduce another market for the trading of digital securities. They focus on cutting edge technology and an eagerness to customise solutions and this results in systems suitable for all types of traders.
MDX will leverage Paritech technology which is a leading global fintech firm. Paritech specialises in the development and integration of low cost, low touch, stockmarket brokerage systems. It is designed for professional, high volume B2B clients. Such businesses require innovative solutions which enable the low cost delivery of trading services, with the extensive use of APIs. The company was founded by a trading volume of over AUD 50 billion per annum by Rick Klink, MDX founder and Executive Chairman. In October, Johan Ditz Lemche was appointed CEO and Chris Truce, Head of Fintech at Saxo Bank was secured as a Board Member.
Rick Klink, when commenting about the move to MSE, said: “Malta is at the forefront of regulatory framework for blockchain regulation and the perfect launch pad for MDX’s institutional-grade platform. Our move to the Maltese Stock Exchange means that we are now physically positioned to be at the heart of the next wave of institutional financial innovation.”